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2023
Flag → Flag
Exports $1.41MRnk 171 / 217
2023
Flag → Flag
Top Product $361kCentrifuges
2023
Flag → Flag
Exports $80.1MRnk 11 / 99
2023
Flag → Flag
Top Product $79.6MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.69Rnk 96 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$60.6BCURRENT US$
Rnk 88 / 195
2013-2023
Flag
GDP GROWTH54.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$8,233CURRENT US$
Rnk 95 / 196
2013-2023
Flag
GDP PC GROWTH24.7%CURRENT US$
Rnk 87 / 195

About

Singapore-Turkmenistan Trade: In 2023, Singapore exported $1.41M to Turkmenistan. The main products that Singapore exported to Turkmenistan were Centrifuges ($361k), Motor vehicles; parts and accessories (8701 to 8705) ($260k), and Excavation Machinery ($198k). Over the past 5 years the exports of Singapore to Turkmenistan have decreased at an annualized rate of 46.4%, from $31.9M in 2018 to $1.41M in 2023.

In 2023, Singapore did not export any services to Turkmenistan.

Turkmenistan-Singapore Trade: In 2023, Turkmenistan exported $80.1M to Singapore. The main products that Turkmenistan exported to Singapore were Refined Petroleum ($79.6M), Vegetable Saps ($183k), and Apples and Pears ($155k). Over the past 5 years the exports of Turkmenistan to Singapore have increased at an annualized rate of 204%,  from $310k in 2018 to $80.1M in 2023.

In 2023, Turkmenistan did not export any services to Singapore.

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $1.41M to Turkmenistan. The main products exported from Singapore to Turkmenistan were Centrifuges ($361k), Motor vehicles; parts and accessories (8701 to 8705) ($260k), and Excavation Machinery ($198k). During the last 5 years the exports of Singapore to Turkmenistan have decreased at an annualized rate of 46.4%, from $31.9M in 2018 to $1.41M in 2023.

In 2018, Turkmenistan exported $80.1M to Singapore. The main products exported from Turkmenistan to Singapore were Refined Petroleum ($79.6M), Vegetable Saps ($183k), and Apples and Pears ($155k). During the last 5 years the exports of Turkmenistan to Singapore have increased at an annualized rate of 204%, from $310k in 2023 to $80.1M in 2018.

Exports from Singapore (Flag) to Turkmenistan (Flag) (2023)

Exports from Turkmenistan (Flag) to Singapore (Flag) (2023)

Latest Data

Trade between Singapore (Flag) and Turkmenistan (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Turkmenistan
Top DestinationChina$9.63B

This map shows whether countries import more from Singapore or Turkmenistan. Each country is colored based on the difference in imports they receive from Singapore and Turkmenistan or the difference in the growth in imports.

In 2023, countries that imported more from Singapore than Turkmenistan included Hong Kong ($44.5B), United States ($32.9B), and Malaysia ($31.4B).

In 2023, countries that imported more from Turkmenistan than Singapore included Turkey ($1.66B), Greece ($1.03B), and Uzbekistan ($950M).

Difference in imports from Turkmenistan (Flag) and Singapore (Flag) (2023)

Comparative Advantage Singapore - Turkmenistan

Flow
Scale

This chart compares trade between Singapore and Turkmenistan by product, considering products traded by both, Singapore and Turkmenistan.

During 2023, Singapore had a large net trade with Turkmenistan in the exports of Machines ($817k), Transportation ($260k), and Metals ($142k).

During 2018, Turkmenistan had a large net trade with Singapore in the exports of Mineral Products ($79.6M), Vegetable Products ($338k), and Plastics and Rubbers ($120k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Singapore and Turkmenistan. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Turkmenistan. Similarly, a dot/product with the flag of Turkmenistan indicates it has a comparative advantage over Singapore.

Product Space of Singapore (Flag) and Turkmenistan (Flag) (2023)

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