Sign In
Pricing

2022
Flag → Flag
Exports $1.88kRnk 81 / 95
2022
Flag → Flag
Top Product $1.88kOther Edible Preparations
2022
Flag → Flag
Exports $4.52MRnk 95 / 194
2022
Flag → Flag
Top Product $2.87MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.56Rnk 90 / 133
2022
Flag
 GDP$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
GDP PC$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH57.8%CURRENT US$
Rnk 30 / 186

About

Turkmenistan-Latvia Trade: In 2022, Turkmenistan exported $1.88k to Latvia. The main products that Turkmenistan exported to Latvia were Other Edible Preparations ($1.88k). Over the past 5 years the exports of Turkmenistan to Latvia have increased at an annualized rate of 159%, from $16 in 2017 to $1.88k in 2022.

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

Latvia-Turkmenistan Trade: In 2022, Latvia exported $4.52M to Turkmenistan. The main products that Latvia exported to Turkmenistan were Packaged Medicaments ($2.87M), Hard Liquor ($462k), and Vegetable Saps ($234k). Over the past 5 years the exports of Latvia to Turkmenistan have decreased at an annualized rate of 14.7%,  from $10M in 2017 to $4.52M in 2022.

In 2022, Latvia 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, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkmenistan exported $1.88k to Latvia. The main products exported from Turkmenistan to Latvia were Other Edible Preparations ($1.88k). During the last 5 years the exports of Turkmenistan to Latvia have increased at an annualized rate of 159%, from $16 in 2017 to $1.88k in 2022.

In 2017, Latvia exported $4.52M to Turkmenistan. The main products exported from Latvia to Turkmenistan were Packaged Medicaments ($2.87M), Hard Liquor ($462k), and Vegetable Saps ($234k). During the last 5 years the exports of Latvia to Turkmenistan have decreased at an annualized rate of 14.7%, from $10M in 2022 to $4.52M in 2017.

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

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

Latest Data

Trade between Turkmenistan (Flag) and Latvia (Flag)

Latvia Exports

Market Competitiveness

Color
Turkmenistan
Top DestinationChina$8.88B
Latvia
Top DestinationLithuania$4.09B

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

In 2022, countries that imported more from Turkmenistan than Latvia included China ($8.88B), Turkey ($884M), and Uzbekistan ($664M).

In 2022, countries that imported more from Latvia than Turkmenistan included Lithuania ($4.09B), Estonia ($2.26B), and Germany ($1.44B).

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

Comparative Advantage Turkmenistan - Latvia

Flow
Scale

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

During 2022, Turkmenistan had a large net trade with Latvia in the exports of Foodstuffs ($1.88k).

During 2017, Latvia had a large net trade with Turkmenistan in the exports of Chemical Products ($3.14M), Foodstuffs ($647k), and Machines ($246k).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms