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

About

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.

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.

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $1.08B in 2022.

In 2017, 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 2022 to $884M in 2017.

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

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

Latest Data

Trade between Turkey (Flag) and Turkmenistan (Flag)

Turkey Exports

Market Competitiveness

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

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

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

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

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 2022, Turkey had a large net trade with Turkmenistan in the exports of Machines ($368M), Metals ($176M), and Chemical Products ($116M).

During 2017, Turkmenistan had a large net trade with Turkey in the exports of Mineral Products ($342M), Textiles ($223M), and Chemical Products ($195M).

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) (2022)

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