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2023
Flag → Flag
Exports $1.11kRnk 84 / 99
2023
Flag → Flag
Top Product $539Non-Knit Women's Suits
2023
Flag → Flag
Exports $1.6MRnk 113 / 191
2023
Flag → Flag
Top Product $1.02MRubberworking Machinery
2023
Flag
Economic Complexity (ECI) ECI -0.69Rnk 96 / 132
2023
Flag  
GDP$60.6BCURRENT US$
Rnk 88 / 195
2013-2023
Flag
GDP GROWTH54.7%CURRENT US$
Rnk 66 / 195
2023
Flag
 GDP$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP GROWTH31.5%CURRENT US$
Rnk 111 / 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$128,678CURRENT US$
Rnk 2 / 196
2013-2023
Flag
GDP PC GROWTH7.23%CURRENT US$
Rnk 143 / 195

About

Turkmenistan-Luxembourg Trade: In 2023, Turkmenistan exported $1.11k to Luxembourg. The main products that Turkmenistan exported to Luxembourg were Non-Knit Women's Suits ($539), Refined Petroleum ($319), and Paper Notebooks ($100). Over the past 6 years the exports of Turkmenistan to Luxembourg have increased at an annualized rate of 6.18%, from $773 in 2017 to $1.11k in 2023.

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

Luxembourg-Turkmenistan Trade: In 2023, Luxembourg exported $1.6M to Turkmenistan. The main products that Luxembourg exported to Turkmenistan were Rubberworking Machinery ($1.02M), Other Heating Machinery ($126k), and Liquid Pumps ($110k). Over the past 6 years the exports of Luxembourg to Turkmenistan have decreased at an annualized rate of 17.9%,  from $4.3M in 2017 to $1.6M in 2023.

In 2023, Luxembourg 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, Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turkmenistan exported $1.11k to Luxembourg. The main products exported from Turkmenistan to Luxembourg were Non-Knit Women's Suits ($539), Refined Petroleum ($319), and Paper Notebooks ($100). During the last 6 years the exports of Turkmenistan to Luxembourg have increased at an annualized rate of 6.18%, from $773 in 2017 to $1.11k in 2023.

In 2018, Luxembourg exported $1.6M to Turkmenistan. The main products exported from Luxembourg to Turkmenistan were Rubberworking Machinery ($1.02M), Other Heating Machinery ($126k), and Liquid Pumps ($110k). During the last 5 years the exports of Luxembourg to Turkmenistan have decreased at an annualized rate of 17.9%, from $4.3M in 2023 to $1.6M in 2018.

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

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

Latest Data

Trade between Turkmenistan (Flag) and Luxembourg (Flag)

Luxembourg Exports

Market Competitiveness

Color
Turkmenistan
Top DestinationChina$9.63B
Luxembourg
Top DestinationGermany$3.42B

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

In 2023, countries that imported more from Turkmenistan than Luxembourg included China ($9.63B), Turkey ($1.66B), and Greece ($1.03B).

In 2023, countries that imported more from Luxembourg than Turkmenistan included Germany ($3.42B), France ($2.8B), and Belgium ($1.59B).

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

Comparative Advantage Turkmenistan - Luxembourg

Flow
Scale

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

During 2023, Turkmenistan had a large net trade with Luxembourg in the exports of Textiles ($561), Mineral Products ($319), and Paper Goods ($100).

During 2018, Luxembourg had a large net trade with Turkmenistan in the exports of Machines ($1.44M), Transportation ($53.2k), and Metals ($46.8k).

Economic Complexity

Competitive Landscape

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

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

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