Turkmenistan (TKM) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Turkmenistan-Azerbaijan In 2022, Turkmenistan exported $460M to Azerbaijan. The main products that Turkmenistan exported to Azerbaijan are Crude Petroleum ($219M), Refined Petroleum ($137M), and Petroleum Gas ($98.5M). During the last 26 years the exports of Turkmenistan to Azerbaijan have increased at an annualized rate of 14.6%, from $13.3M in 1996 to $460M in 2022.

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

Azerbaijan-Turkmenistan In 2022, Azerbaijan exported $25.7M to Turkmenistan. The main products that Azerbaijan exported to Turkmenistan were Raw Sugar ($13.3M), Insulated Wire ($2.8M), and Pulley Systems ($2.19M). During the last 26 years the exports of Azerbaijan to Turkmenistan have decreased at an annualized rate of 1.11%, from $34.3M in 1996 to $25.7M in 2022.

In 2008, Azerbaijan exported services to Turkmenistan worth $3.68M, with Transportation ($2M), Travel ($1.3M), and Services not allocated ($368k) being the largest in terms of value.

Comparison In 2022, Turkmenistan ranked 81 in the Economic Complexity Index (ECI -0.44), and 95 in total exports ($12.5B). That same year, Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Turkmenistan exported $460M to Azerbaijan. The main products exported from Turkmenistan to Azerbaijan were Crude Petroleum ($219M), Refined Petroleum ($137M), and Petroleum Gas ($98.5M). During the last 26 years the exports of Turkmenistan to Azerbaijan have increased at an annualized rate of 14.6%, from $13.3M in 1996 to $460M in 2022.

In 2022, Azerbaijan exported $25.7M to Turkmenistan. The main products exported from Azerbaijan to Turkmenistan were Raw Sugar ($13.3M), Insulated Wire ($2.8M), and Pulley Systems ($2.19M). During the last 26 years the exports of Azerbaijan to Turkmenistan have decreased at an annualized rate of 1.11%, from $34.3M in 1996 to $25.7M in 2022.

Exports from Turkmenistan () to Azerbaijan () (2022)

Exports from Azerbaijan () to Turkmenistan () (2022)

Latest Data

Trade between Turkmenistan () and Azerbaijan ()

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkmenistan
Top DestinationChina$8.88B

Azerbaijan
Top DestinationItaly$18.3B

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

In 2021, countries that imported more from Turkmenistan than Azerbaijan were China ($8.88B), Uzbekistan ($664M), and Morocco ($193M).

In 2021, countries that imported more from Azerbaijan than Turkmenistan were Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

Difference in imports from Azerbaijan () and Turkmenistan () (2022)

Comparative Advantage Turkmenistan - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkmenistan had a large net trade with Azerbaijan in the exports of Mineral Products ($455M), Textiles ($1.82M), and Plastics and Rubbers ($1.62M).

During 2022, Azerbaijan had a large net trade with Turkmenistan in the exports of Foodstuffs ($14.3M), Machines ($6.04M), and Instruments ($1.83M).

Service Trade

Bilateral Service Trade

Aze Year

In 2008, Azerbaijan exported services to Turkmenistan worth $3.68M, with Transportation ($2M), Travel ($1.3M), and Services not allocated ($368k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Azerbaijan () to Turkmenistan () (2008)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Turkmenistan has comparative advantage over Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Turkmenistan.

About

Historical Data

Bilateral Trade by Products

Exports from Turkmenistan () to Azerbaijan () (2022)

Exports from Azerbaijan () to Turkmenistan () (2022)

Latest Data

Trade between Turkmenistan () and Azerbaijan ()

Azerbaijan Exports

Market Competitiveness

Difference in imports from Azerbaijan () and Turkmenistan () (2022)

Comparative Advantage Turkmenistan - Azerbaijan

Service Trade

Bilateral Service Trade

Services Exports from Azerbaijan () to Turkmenistan () (2008)

Economic Complexity

Competitive Landscape

Product Space of Turkmenistan () and Azerbaijan () (2022)

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