2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Turkmenistan-South Korea In 2022, Turkmenistan exported $33k to South Korea. The main products that Turkmenistan exported to South Korea are Industrial Fatty Acids, Oils and Alcohols ($24.5k), Used Clothing ($6.5k), and Trunks and Cases ($1.5k). During the last 27 years the exports of Turkmenistan to South Korea have decreased at an annualized rate of 15%, from $2.67M in 1995 to $33k in 2022.

In 2022, Turkmenistan did not export any services to South Korea.

South Korea-Turkmenistan In 2022, South Korea exported $8.54M to Turkmenistan. The main products that South Korea exported to Turkmenistan were Vaccines, blood, antisera, toxins and cultures ($2.39M), Motor vehicles; parts and accessories (8701 to 8705) ($1.56M), and Ethylene Polymers ($1.34M). During the last 27 years the exports of South Korea to Turkmenistan have increased at an annualized rate of 11.5%, from $453k in 1995 to $8.54M in 2022.

In 2022, South Korea did not export any services to Turkmenistan.

Comparison In 2022,  Turkmenistan ranked 81 in the Economic Complexity Index (ECI -0.44), and 95 in total exports ($12.5B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkmenistan exported $33k to South Korea. The main products exported from Turkmenistan to South Korea were Industrial Fatty Acids, Oils and Alcohols ($24.5k), Used Clothing ($6.5k), and Trunks and Cases ($1.5k). During the last 27 years the exports of Turkmenistan to South Korea have decreased at an annualized rate of 15%, from $2.67M in 1995 to $33k in 2022.

In 2022, South Korea exported $8.54M to Turkmenistan. The main products exported from South Korea to Turkmenistan were Vaccines, blood, antisera, toxins and cultures ($2.39M), Motor vehicles; parts and accessories (8701 to 8705) ($1.56M), and Ethylene Polymers ($1.34M). During the last 27 years the exports of South Korea to Turkmenistan have increased at an annualized rate of 11.5%, from $453k in 1995 to $8.54M in 2022.

Exports from Turkmenistan (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Turkmenistan (Flag) (2022)

Latest Data

Trade between Turkmenistan (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Turkmenistan
Top Destination
China$8.88B
South Korea
Top Destination
China$150B

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

In 2021, countries that imported more from Turkmenistan than South Korea were Azerbaijan ($460M) and Georgia ($168M).

In 2021, countries that imported more from South Korea than Turkmenistan were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Turkmenistan (Flag) (2022)

Comparative Advantage Turkmenistan - South Korea

Flow
Scale

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

During 2022, Turkmenistan had a large net trade with South Korea in the exports of Chemical Products ($24.5k), Textiles ($6.66k), and Animal Hides ($1.5k).

During 2022, South Korea had a large net trade with Turkmenistan in the exports of Chemical Products ($2.49M), Plastics and Rubbers ($2.33M), and Transportation ($2.04M).

Economic Complexity

Competitive Landscape

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 South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Turkmenistan.

Product Space of Turkmenistan (Flag) and South Korea (Flag) (2022)

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