Turkmenistan (TKM) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Turkmenistan-Armenia Trade: In 2022, Turkmenistan exported $5.4M to Armenia. The main products that Turkmenistan exported to Armenia were Non-Retail Pure Cotton Yarn ($4.37M), Propylene Polymers ($213k), and Raw Cotton ($177k). Over the past 5 years the exports of Turkmenistan to Armenia have decreased at an annualized rate of 10.9%, from $9.62M in 2017 to $5.4M in 2022.

In 2022, Turkmenistan did not export any services to Armenia.

Armenia-Turkmenistan Trade: In 2022, Armenia exported $15.5M to Turkmenistan. The main products that Armenia exported to Turkmenistan were Jewellery ($12.6M), Rolled Tobacco ($2.3M), and Chocolate ($222k). Over the past 5 years the exports of Armenia to Turkmenistan have increased at an annualized rate of 22.5%, from $5.61M in 2017 to $15.5M in 2022.

In 2022, Armenia did not export any services to Turkmenistan.

Comparison: In 2022, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Turkmenistan exported $5.4M to Armenia. The main products exported from Turkmenistan to Armenia were Non-Retail Pure Cotton Yarn ($4.37M), Propylene Polymers ($213k), and Raw Cotton ($177k). During the last 5 years the exports of Turkmenistan to Armenia have decreased at an annualized rate of 10.9%, from $9.62M in 2017 to $5.4M in 2022.

In 2017, Armenia exported $15.5M to Turkmenistan. The main products exported from Armenia to Turkmenistan were Jewellery ($12.6M), Rolled Tobacco ($2.3M), and Chocolate ($222k). During the last 5 years the exports of Armenia to Turkmenistan have increased at an annualized rate of 22.5%, from $5.61M in 2022 to $15.5M in 2017.

Exports from Turkmenistan () to Armenia () (2022)

Exports from Armenia () to Turkmenistan () (2022)

Latest Data

Trade between Turkmenistan () and Armenia ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkmenistan
Top DestinationChina$8.88B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Turkmenistan than Armenia included China ($8.88B), Turkey ($884M), and Uzbekistan ($664M).

In 2022, countries that imported more from Armenia than Turkmenistan included Russia ($2.36B), United Arab Emirates ($535M), and Switzerland ($257M).

Difference in imports from Armenia () and Turkmenistan () (2022)

Comparative Advantage Turkmenistan - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkmenistan had a large net trade with Armenia in the exports of Textiles ($4.95M), Plastics and Rubbers ($264k), and Foodstuffs ($183k).

During 2017, Armenia had a large net trade with Turkmenistan in the exports of Precious Metals ($12.6M), Foodstuffs ($2.72M), and Chemical Products ($118k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Turkmenistan () to Armenia () (2022)

Exports from Armenia () to Turkmenistan () (2022)

Latest Data

Trade between Turkmenistan () and Armenia ()

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Turkmenistan () (2022)

Comparative Advantage Turkmenistan - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Turkmenistan () and Armenia () (2022)

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