2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Turkmenistan-South Korea Trade: In 2022, Turkmenistan exported $33k to South Korea. The main products that Turkmenistan exported to South Korea were Industrial Fatty Acids, Oils and Alcohols ($24.5k), Used Clothing ($6.5k), and Trunks and Cases ($1.5k). Over the past 5 years the exports of Turkmenistan to South Korea have decreased at an annualized rate of 7.96%, from $50k in 2017 to $33k in 2022.

In 2022, Turkmenistan did not export any services to South Korea.

South Korea-Turkmenistan Trade: In 2022, South Korea exported $8.54M to Turkmenistan. The main products that South Korea exported to Turkmenistan were Vaccines, blood, antisera, toxins and cultures ($2.39M), Motor vehicles; parts and accessories (8701 to 8705) ($1.56M), and Ethylene Polymers ($1.34M). Over the past 5 years the exports of South Korea to Turkmenistan have decreased at an annualized rate of 42.1%,  from $131M in 2017 to $8.54M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkmenistan exported $33k to South Korea. The main products exported from Turkmenistan to South Korea were Industrial Fatty Acids, Oils and Alcohols ($24.5k), Used Clothing ($6.5k), and Trunks and Cases ($1.5k). During the last 5 years the exports of Turkmenistan to South Korea have decreased at an annualized rate of 7.96%, from $50k in 2017 to $33k in 2022.

In 2017, South Korea exported $8.54M to Turkmenistan. The main products exported from South Korea to Turkmenistan were Vaccines, blood, antisera, toxins and cultures ($2.39M), Motor vehicles; parts and accessories (8701 to 8705) ($1.56M), and Ethylene Polymers ($1.34M). During the last 5 years the exports of South Korea to Turkmenistan have decreased at an annualized rate of 42.1%, from $131M in 2022 to $8.54M in 2017.

Exports from Turkmenistan (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Turkmenistan (Flag) (2022)

Latest Data

Trade between Turkmenistan (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Turkmenistan
Top Destination
China$8.88B
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Turkmenistan than South Korea included Azerbaijan ($460M) and Georgia ($168M).

In 2022, countries that imported more from South Korea than Turkmenistan included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Turkmenistan (Flag) (2022)

Comparative Advantage Turkmenistan - South Korea

Flow
Scale

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

During 2022, Turkmenistan had a large net trade with South Korea in the exports of Chemical Products ($24.5k), Textiles ($6.66k), and Animal Hides ($1.5k).

During 2017, South Korea had a large net trade with Turkmenistan in the exports of Chemical Products ($2.49M), Plastics and Rubbers ($2.33M), and Transportation ($2.04M).

Economic Complexity

Competitive Landscape

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

Product Space of Turkmenistan (Flag) and South Korea (Flag) (2022)

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