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2022
Flag → Flag
Exports $64.5MRnk 13 / 95
2022
Flag → Flag
Top Product $41.3MNitrogenous Fertilizers
2022
Flag → Flag
Exports $72.8MRnk 132 / 221
2022
Flag → Flag
Top Product $22.2MNavigation Equipment
2022
Flag
Economic Complexity (ECI) ECI -0.56Rnk 90 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Turkmenistan-Italy Trade: In 2022, Turkmenistan exported $64.5M to Italy. The main products that Turkmenistan exported to Italy were Nitrogenous Fertilizers ($41.3M), Planes, Helicopters, and/or Spacecraft ($15.8M), and Heavy Pure Woven Cotton ($3.46M). Over the past 5 years the exports of Turkmenistan to Italy have decreased at an annualized rate of 12.8%, from $128M in 2017 to $64.5M in 2022.

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

Italy-Turkmenistan Trade: In 2022, Italy exported $72.8M to Turkmenistan. The main products that Italy exported to Turkmenistan were Navigation Equipment ($22.2M), Gas Turbines ($4.67M), and Soil Preparation Machinery ($3.32M). Over the past 5 years the exports of Italy to Turkmenistan have decreased at an annualized rate of 9.88%,  from $123M in 2017 to $72.8M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkmenistan exported $64.5M to Italy. The main products exported from Turkmenistan to Italy were Nitrogenous Fertilizers ($41.3M), Planes, Helicopters, and/or Spacecraft ($15.8M), and Heavy Pure Woven Cotton ($3.46M). During the last 5 years the exports of Turkmenistan to Italy have decreased at an annualized rate of 12.8%, from $128M in 2017 to $64.5M in 2022.

In 2017, Italy exported $72.8M to Turkmenistan. The main products exported from Italy to Turkmenistan were Navigation Equipment ($22.2M), Gas Turbines ($4.67M), and Soil Preparation Machinery ($3.32M). During the last 5 years the exports of Italy to Turkmenistan have decreased at an annualized rate of 9.88%, from $123M in 2022 to $72.8M in 2017.

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

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

Latest Data

Trade between Turkmenistan (Flag) and Italy (Flag)

Italy Exports

Market Competitiveness

Color
Turkmenistan
Top DestinationChina$8.88B
Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Turkmenistan than Italy included Uzbekistan ($664M), Azerbaijan ($460M), and Tajikistan ($47.5M).

In 2022, countries that imported more from Italy than Turkmenistan included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Turkmenistan - Italy

Flow
Scale

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

During 2022, Turkmenistan had a large net trade with Italy in the exports of Chemical Products ($42.2M), Transportation ($15.8M), and Textiles ($5.5M).

During 2017, Italy had a large net trade with Turkmenistan in the exports of Machines ($55.4M), Instruments ($3.84M), and Metals ($3.55M).

Economic Complexity

Competitive Landscape

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

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

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