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2021
Flag → Flag
Exports $15kRnk 27 / 0
2021
Flag → Flag
Exports $26.5kRnk 211 / 213
2021
Flag → Flag
Top Product $16.2kLiquid Pumps
2022
Flag
Economic Complexity (ECI) ECI -0.56Rnk 90 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Turkmenistan-Australia Trade: In 2021, Turkmenistan exported $15k to Australia. The main products that Turkmenistan exported to Australia were N/A. Over the past 7 years the exports of Turkmenistan to Australia have decreased at an annualized rate of 37.2%, from $389k in 2014 to $15k in 2021.

In 2021, Turkmenistan did not export any services to Australia.

Australia-Turkmenistan Trade: In 2021, Australia exported $26.5k to Turkmenistan. The main products that Australia exported to Turkmenistan were Liquid Pumps ($16.2k), Machinery Having Individual Functions ($7.21k), and Excavation Machinery ($3.13k). Over the past 7 years the exports of Australia to Turkmenistan have decreased at an annualized rate of 50%,  from $844k in 2014 to $26.5k in 2021.

In 2021, Australia 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, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Turkmenistan exported $15k to Australia. There were not main exports from Turkmenistan to Australia in 2021. During the last 7 years the exports of Turkmenistan to Australia have decreased at an annualized rate of 37.2%, from $389k in 2014 to $15k in 2021.

In 2017, Australia exported $26.5k to Turkmenistan. The main products exported from Australia to Turkmenistan were Liquid Pumps ($16.2k), Machinery Having Individual Functions ($7.21k), and Excavation Machinery ($3.13k). During the last 5 years the exports of Australia to Turkmenistan have decreased at an annualized rate of 50%, from $844k in 2022 to $26.5k in 2017.

Exports from Turkmenistan (Flag) to Australia (Flag) (2022)

Exports from Australia (Flag) to Turkmenistan (Flag) (2022)

Latest Data

Trade between Turkmenistan (Flag) and Australia (Flag)

Australia Exports

Market Competitiveness

Color
Turkmenistan
Top DestinationChina$8.88B
Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Turkmenistan than Australia included Uzbekistan ($664M), Azerbaijan ($460M), and Georgia ($168M).

In 2022, countries that imported more from Australia than Turkmenistan included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia (Flag) and Turkmenistan (Flag) (2022)

Comparative Advantage Turkmenistan - Australia

Flow
Scale

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

During 2021, Turkmenistan had a large net trade with Australia in the exports of .

During 2017, Australia had a large net trade with Turkmenistan in the exports of Machines ($26.5k).

Economic Complexity

Competitive Landscape

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

Product Space of Turkmenistan (Flag) and Australia (Flag) (2022)

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