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2023
Flag → Flag
Exports $3.49MRnk 33 / 99
2023
Flag → Flag
Top Product $2.28MRefined Petroleum
2023
Flag → Flag
Exports $12.8MRnk 161 / 220
2023
Flag → Flag
Top Product $2.41MChlorides
2023
Flag
Economic Complexity (ECI) ECI -0.69Rnk 96 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$60.6BCURRENT US$
Rnk 88 / 195
2013-2023
Flag
GDP GROWTH54.7%CURRENT US$
Rnk 66 / 195
2023
Flag
 GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
GDP PC $8,233CURRENT US$
Rnk 95 / 195
2013-2023
Flag
GDP PC GROWTH24.7%CURRENT US$
Rnk 87 / 195
2023
Flag
GDP PC$54,701CURRENT US$
Rnk 20 / 196
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195

About

Turkmenistan-Belgium Trade: In 2023, Turkmenistan exported $3.49M to Belgium. The main products that Turkmenistan exported to Belgium were Refined Petroleum ($2.28M), Raw Cotton ($833k), and Carbon ($250k). Over the past 5 years the exports of Turkmenistan to Belgium have increased at an annualized rate of 56.8%, from $368k in 2018 to $3.49M in 2023.

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

Belgium-Turkmenistan Trade: In 2023, Belgium exported $12.8M to Turkmenistan. The main products that Belgium exported to Turkmenistan were Chlorides ($2.41M), Vaccines, blood, antisera, toxins and cultures ($1.8M), and Excavation Machinery ($1.19M). Over the past 5 years the exports of Belgium to Turkmenistan have increased at an annualized rate of 9.54%,  from $8.14M in 2018 to $12.8M in 2023.

In 2023, Belgium 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, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turkmenistan exported $3.49M to Belgium. The main products exported from Turkmenistan to Belgium were Refined Petroleum ($2.28M), Raw Cotton ($833k), and Carbon ($250k). During the last 5 years the exports of Turkmenistan to Belgium have increased at an annualized rate of 56.8%, from $368k in 2018 to $3.49M in 2023.

In 2018, Belgium exported $12.8M to Turkmenistan. The main products exported from Belgium to Turkmenistan were Chlorides ($2.41M), Vaccines, blood, antisera, toxins and cultures ($1.8M), and Excavation Machinery ($1.19M). During the last 5 years the exports of Belgium to Turkmenistan have increased at an annualized rate of 9.54%, from $8.14M in 2023 to $12.8M in 2018.

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

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

Latest Data

Trade between Turkmenistan (Flag) and Belgium (Flag)

Belgium Exports

Market Competitiveness

Color
Turkmenistan
Top DestinationChina$9.63B
Belgium
Top DestinationFrance$85.6B

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

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

In 2023, countries that imported more from Belgium than Turkmenistan included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

Comparative Advantage Turkmenistan - Belgium

Flow
Scale

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

During 2023, Turkmenistan had a large net trade with Belgium in the exports of Mineral Products ($2.28M), Textiles ($894k), and Chemical Products ($250k).

During 2018, Belgium had a large net trade with Turkmenistan in the exports of Chemical Products ($6.51M), Machines ($3.1M), and Plastics and Rubbers ($1.41M).

Economic Complexity

Competitive Landscape

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

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

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