Armenia-Turkmenistan Bilateral Trade Analysis 2023
Complete trade statistics: $18.25M total volume •Armenia surplus: $18.25M
Armenia → Turkmenistan
$18.25M
Exports (2023)
Turkmenistan → Armenia
$0
Imports (2023)
Trade Balance
$18.25M
Surplus for Armenia
Total Trade
$18.25M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Armenia and Turkmenistan. Green line shows exports from Armenia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Armenia-Turkmenistan commercial relationship and competitive positioning in global markets.
Armenia → Turkmenistan Exports
Export Market Intelligence
🎯 Strategic Export Focus
Armenia's export portfolio to Turkmenistan demonstrates strategic specialization, with jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof representing a key competitive advantage in this bilateral market.
Turkmenistan → Armenia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Armenia's import pattern from Turkmenistan reveals significant dependencyin cotton yarn: (not sewing thread), single, of uncombed fibres, 85% or more by weight of cotton, less than 714.29 but not less than 232.56 decitex (exceeding 14 but not exceeding 43 metric number), not for retail sale, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Armenia demonstrates competitive strength in exportingjewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof to Turkmenistan, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $18.25M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Armenia-Turkmenistan Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $18.25 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Armenia maintains a surplus of $18.25 million
- Export Focus: Armenia's primary exports include jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, wrist-watches: electrically operated, with or without a stop-watch, with case of precious metal or of metal clad with precious metal, with mechanical display only, watch straps, watch bands, watch bracelets, and parts thereof: of precious metal or of metal clad with precious metal
- Import Dependencies: Key imports from Turkmenistan include cotton yarn: (not sewing thread), single, of uncombed fibres, 85% or more by weight of cotton, less than 714.29 but not less than 232.56 decitex (exceeding 14 but not exceeding 43 metric number), not for retail sale, cotton yarn: (not sewing thread), single, of uncombed fibres, 85% or more by weight of cotton, measuring 714.29 decitex or more, (not exceeding 14 metric number), not for retail sale, cotton: not carded or combed
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $18.25M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Armenia leveraging its comparative advantages in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Armenia's specialization in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereofcomplements Turkmenistan's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in cotton yarn: (not sewing thread), single, of uncombed fibres, 85% or more by weight of cotton, less than 714.29 but not less than 232.56 decitex (exceeding 14 but not exceeding 43 metric number), not for retail sale.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $18.25M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $18.25M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $18.25 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof and cotton yarn: (not sewing thread), single, of uncombed fibres, 85% or more by weight of cotton, less than 714.29 but not less than 232.56 decitex (exceeding 14 but not exceeding 43 metric number), not for retail sale demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Armenia's trade surplus of $18.25 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Armenia and Turkmenistan represents a total trade volume of $18.25 million in 2023. This partnership demonstrates a favorable trade balance for Armenia, with exports exceeding importsby $18.25 million.
Export Strengths
Armenia's exports to Turkmenistan total $18.25 million, with competitive advantages in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, representing $17.70M or97.0% of bilateral exports.
Import Dependencies
Imports from Turkmenistan amount to $0.00, highlighting economic interdependence in cotton yarn: (not sewing thread), single, of uncombed fibres, 85% or more by weight of cotton, less than 714.29 but not less than 232.56 decitex (exceeding 14 but not exceeding 43 metric number), not for retail sale, with Cotton yarn: (not sewing thread), single, of uncombed fibres, 85% or more by weight of cotton, less than 714.29 but not less than 232.56 decitex (exceeding 14 but not exceeding 43 metric number), not for retail sale comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Armenia's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Armenia and Turkmenistan in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023