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2023
Flag → Flag
Exports $1.01BRnk 51 / 216
2023
Flag → Flag
Top Product $59.1MIron Structures
2023
Flag → Flag
Exports $1.66BRnk 2 / 99
2023
Flag → Flag
Top Product $1.41BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.69Rnk 96 / 132
2023
Flag  
GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
 GDP$60.6BCURRENT US$
Rnk 88 / 195
2013-2023
Flag
GDP GROWTH54.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC $13,106CURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195
2023
Flag
GDP PC$8,233CURRENT US$
Rnk 95 / 196
2013-2023
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GDP PC GROWTH24.7%CURRENT US$
Rnk 87 / 195

About

Turkey-Turkmenistan Trade: In 2023, Turkey exported $1.01B to Turkmenistan. The main products that Turkey exported to Turkmenistan were Iron Structures ($59.1M), Insulated Wire ($52M), and Electrical Control Boards ($31.4M). Over the past 5 years the exports of Turkey to Turkmenistan have increased at an annualized rate of 15%, from $503M in 2018 to $1.01B in 2023.

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

Turkmenistan-Turkey Trade: In 2023, Turkmenistan exported $1.66B to Turkey. The main products that Turkmenistan exported to Turkey were Refined Petroleum ($1.41B), Non-Retail Pure Cotton Yarn ($86.2M), and Nitrogenous Fertilizers ($49.6M). Over the past 5 years the exports of Turkmenistan to Turkey have increased at an annualized rate of 34.3%,  from $380M in 2018 to $1.66B in 2023.

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

Comparison: In 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). That same year, Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turkey exported $1.01B to Turkmenistan. The main products exported from Turkey to Turkmenistan were Iron Structures ($59.1M), Insulated Wire ($52M), and Electrical Control Boards ($31.4M). During the last 5 years the exports of Turkey to Turkmenistan have increased at an annualized rate of 15%, from $503M in 2018 to $1.01B in 2023.

In 2018, Turkmenistan exported $1.66B to Turkey. The main products exported from Turkmenistan to Turkey were Refined Petroleum ($1.41B), Non-Retail Pure Cotton Yarn ($86.2M), and Nitrogenous Fertilizers ($49.6M). During the last 5 years the exports of Turkmenistan to Turkey have increased at an annualized rate of 34.3%, from $380M in 2023 to $1.66B in 2018.

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

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

Latest Data

Trade between Turkey (Flag) and Turkmenistan (Flag)

Turkey Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
Turkmenistan
Top DestinationChina$9.63B

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

In 2023, countries that imported more from Turkey than Turkmenistan included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

In 2023, countries that imported more from Turkmenistan than Turkey included China ($9.63B).

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

Comparative Advantage Turkey - Turkmenistan

Flow
Scale

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

During 2023, Turkey had a large net trade with Turkmenistan in the exports of Machines ($331M), Metals ($195M), and Chemical Products ($118M).

During 2018, Turkmenistan had a large net trade with Turkey in the exports of Mineral Products ($1.41B), Textiles ($121M), and Chemical Products ($98M).

Economic Complexity

Competitive Landscape

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

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

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