Turkmenistan / Azerbaijan

Turkmenistan-Azerbaijan Trade: In 2022, Turkmenistan exported $460M to Azerbaijan. The main products that Turkmenistan exported to Azerbaijan were Crude Petroleum ($219M), Refined Petroleum ($137M), and Petroleum Gas ($98.5M). Over the past 5 years the exports of Turkmenistan to Azerbaijan have increased at an annualized rate of 34.5%, from $105M in 2017 to $460M in 2022.

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

Azerbaijan-Turkmenistan Trade: In 2022, Azerbaijan exported $25.7M to Turkmenistan. The main products that Azerbaijan exported to Turkmenistan were Raw Sugar ($13.3M), Insulated Wire ($2.8M), and Pulley Systems ($2.19M). Over the past 5 years the exports of Azerbaijan to Turkmenistan have decreased at an annualized rate of 13.8%,  from $54.1M in 2017 to $25.7M in 2022.

In 2008, Azerbaijan exported services to Turkmenistan worth $3.68M, with Transportation ($2M), Travel ($1.3M), and Services not allocated ($368k) being the largest in terms of value.

Comparison: In 2022,  Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).