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2022
Flag → Flag
Exports $884MRnk 2 / 95
2022
Flag → Flag
Top Product $329MRefined Petroleum
2022
Flag → Flag
Exports $1.08BRnk 50 / 219
2022
Flag → Flag
Top Product $60.9MIron Structures
2022
Flag
Economic Complexity (ECI) ECI -0.56Rnk 90 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Turkmenistan-Turkey Trade: In 2022, Turkmenistan exported $884M to Turkey. The main products that Turkmenistan exported to Turkey were Refined Petroleum ($329M), Nitrogenous Fertilizers ($180M), and Non-Retail Pure Cotton Yarn ($117M). Over the past 5 years the exports of Turkmenistan to Turkey have increased at an annualized rate of 13.4%, from $471M in 2017 to $884M in 2022.

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

Turkey-Turkmenistan Trade: In 2022, Turkey exported $1.08B to Turkmenistan. The main products that Turkey exported to Turkmenistan were Iron Structures ($60.9M), Insulated Wire ($49M), and Electrical Control Boards ($43.8M). Over the past 5 years the exports of Turkey to Turkmenistan have decreased at an annualized rate of 0.19%,  from $1.09B in 2017 to $1.08B in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkmenistan exported $884M to Turkey. The main products exported from Turkmenistan to Turkey were Refined Petroleum ($329M), Nitrogenous Fertilizers ($180M), and Non-Retail Pure Cotton Yarn ($117M). During the last 5 years the exports of Turkmenistan to Turkey have increased at an annualized rate of 13.4%, from $471M in 2017 to $884M in 2022.

In 2017, Turkey exported $1.08B to Turkmenistan. The main products exported from Turkey to Turkmenistan were Iron Structures ($60.9M), Insulated Wire ($49M), and Electrical Control Boards ($43.8M). During the last 5 years the exports of Turkey to Turkmenistan have decreased at an annualized rate of 0.19%, from $1.09B in 2022 to $1.08B in 2017.

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

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

Latest Data

Trade between Turkmenistan (Flag) and Turkey (Flag)

Turkey Exports

Market Competitiveness

Color
Turkmenistan
Top DestinationChina$8.88B
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Turkmenistan than Turkey included China ($8.88B).

In 2022, countries that imported more from Turkey than Turkmenistan included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Turkmenistan - Turkey

Flow
Scale

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

During 2022, Turkmenistan had a large net trade with Turkey in the exports of Mineral Products ($342M), Textiles ($223M), and Chemical Products ($195M).

During 2017, Turkey had a large net trade with Turkmenistan in the exports of Machines ($368M), Metals ($176M), and Chemical Products ($116M).

Economic Complexity

Competitive Landscape

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

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

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