Türkiye-Turkmenistan Bilateral Trade Analysis 2023
Complete trade statistics: $2.67B total volume •Türkiye deficit: $648.85M
Türkiye → Turkmenistan
$1.01B
Exports (2023)
Turkmenistan → Türkiye
$1.66B
Imports (2023)
Trade Balance
$648.85M
Deficit for Türkiye
Total Trade
$2.67B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Türkiye and Turkmenistan. Green line shows exports from Türkiye, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Türkiye-Turkmenistan commercial relationship and competitive positioning in global markets.
Türkiye → Turkmenistan Exports
Export Market Intelligence
🎯 Strategic Export Focus
Türkiye's export portfolio to Turkmenistan demonstrates strategic specialization, with iron or steel: structures and parts thereof, n.e.c. in heading 7308 representing a key competitive advantage in this bilateral market.
Turkmenistan → Türkiye Imports
Import Dependency Profile
📦 Import Strategy Analysis
Türkiye's import pattern from Turkmenistan reveals strategic sourcingin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Türkiye demonstrates competitive strength in exportingiron or steel: structures and parts thereof, n.e.c. in heading 7308 to Turkmenistan, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $2.67B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Türkiye-Turkmenistan Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $2.67 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Türkiye maintains a deficit of $648.85 million
- Export Focus: Türkiye's primary exports include iron or steel: structures and parts thereof, n.e.c. in heading 7308, insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors, buildings: prefabricated, not of wood
- Import Dependencies: Key imports from Turkmenistan include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, 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, fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution
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 $2.67B 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 Türkiye leveraging its comparative advantages in iron or steel: structures and parts thereof, n.e.c. in heading 7308.
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
Türkiye's specialization in iron or steel: structures and parts thereof, n.e.c. in heading 7308complements Turkmenistan's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $2.67B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $2.67B 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 $2.67 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in iron or steel: structures and parts thereof, n.e.c. in heading 7308 and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Türkiye's trade deficit of $648.85 million impacts 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 Türkiye and Turkmenistan represents a total trade volume of $2.67 billion in 2023. This partnership demonstrates an unfavorable trade balance for Türkiye, with imports exceeding exportsby $648.85 million.
Export Strengths
Türkiye's exports to Turkmenistan total $1.01 billion, with competitive advantages in iron or steel: structures and parts thereof, n.e.c. in heading 7308, representing $49.90M or4.9% of bilateral exports.
Import Dependencies
Imports from Turkmenistan amount to $1.66 billion, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising85.2% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Türkiye's strategic sourcing from Turkmenistan. 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 Türkiye and Turkmenistan in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023