Turkmenistan / Azerbaijan

Turkmenistan-Azerbaijan Trade: In 2023, Turkmenistan exported $687M to Azerbaijan. The main products that Turkmenistan exported to Azerbaijan were Crude Petroleum ($318M), Petroleum Gas ($218M), and Refined Petroleum ($145M). Over the past 5 years the exports of Turkmenistan to Azerbaijan have increased at an annualized rate of 44.4%, from $109M in 2018 to $687M in 2023.

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

Azerbaijan-Turkmenistan Trade: In 2023, Azerbaijan exported $86.1M to Turkmenistan. The main products that Azerbaijan exported to Turkmenistan were Raw Cotton ($29.2M), Stranded Aluminium Wire ($25.4M), and Raw Sugar ($15.2M). Over the past 5 years the exports of Azerbaijan to Turkmenistan have increased at an annualized rate of 29.4%,  from $23.7M in 2018 to $86.1M in 2023.

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 2023,  Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).