2023
Flag  
GDP
$60.6BCURRENT US$
Rnk 88 / 195
2013-2023
Flag
GDP GROWTH
54.7%CURRENT US$
Rnk 66 / 195
2023
Flag
 GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC 
$8,233CURRENT US$
Rnk 95 / 195
2013-2023
Flag
GDP PC GROWTH
24.7%CURRENT US$
Rnk 87 / 195
2023
Flag
GDP PC
$56,034CURRENT US$
Rnk 18 / 196
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195

About

Turkmenistan-Austria Trade: In 2023, Turkmenistan exported $1.51M to Austria. The main products that Turkmenistan exported to Austria were Halogens ($1.29M), Animal Organs ($177k), and Knotted Carpets ($17k). Over the past 5 years the exports of Turkmenistan to Austria have decreased at an annualized rate of 4.51%, from $1.9M in 2018 to $1.51M in 2023.

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

Austria-Turkmenistan Trade: In 2023, Austria exported $25.3M to Turkmenistan. The main products that Austria exported to Turkmenistan were Vaccines, blood, antisera, toxins and cultures ($3.33M), Chemical Analysis Instruments ($2.7M), and Packaged Medicaments ($1.79M). Over the past 5 years the exports of Austria to Turkmenistan have increased at an annualized rate of 1.55%,  from $23.4M in 2018 to $25.3M in 2023.

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

Comparison: In 2023,  Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turkmenistan exported $1.51M to Austria. The main products exported from Turkmenistan to Austria were Halogens ($1.29M), Animal Organs ($177k), and Knotted Carpets ($17k). During the last 5 years the exports of Turkmenistan to Austria have decreased at an annualized rate of 4.51%, from $1.9M in 2018 to $1.51M in 2023.

In 2018, Austria exported $25.3M to Turkmenistan. The main products exported from Austria to Turkmenistan were Vaccines, blood, antisera, toxins and cultures ($3.33M), Chemical Analysis Instruments ($2.7M), and Packaged Medicaments ($1.79M). During the last 5 years the exports of Austria to Turkmenistan have increased at an annualized rate of 1.55%, from $23.4M in 2023 to $25.3M in 2018.

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

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

Latest Data

Trade between Turkmenistan (Flag) and Austria (Flag)

Austria Exports

Market Competitiveness

Color
Turkmenistan
Top Destination
China$9.63B
Austria
Top Destination
Germany$51B

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

In 2023, countries that imported more from Turkmenistan than Austria included China ($9.63B), Uzbekistan ($950M), and Azerbaijan ($687M).

In 2023, countries that imported more from Austria than Turkmenistan included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

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

Comparative Advantage Turkmenistan - Austria

Flow
Scale

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

During 2023, Turkmenistan had a large net trade with Austria in the exports of Chemical Products ($1.29M), Animal Products ($177k), and Textiles ($26.7k).

During 2018, Austria had a large net trade with Turkmenistan in the exports of Chemical Products ($7.41M), Instruments ($4.88M), and Machines ($4.27M).

Economic Complexity

Competitive Landscape

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

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

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