Turkmenistan-Azerbaijan Bilateral Trade Analysis 2023
Complete trade statistics: $773.42M total volume •Turkmenistan surplus: $601.19M
Turkmenistan → Azerbaijan
$687.31M
Exports (2023)
Azerbaijan → Turkmenistan
$86.11M
Imports (2023)
Trade Balance
$601.19M
Surplus for Turkmenistan
Total Trade
$773.42M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Turkmenistan and Azerbaijan. Green line shows exports from Turkmenistan, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Turkmenistan-Azerbaijan commercial relationship and competitive positioning in global markets.
Turkmenistan → Azerbaijan Exports
Export Market Intelligence
🎯 Strategic Export Focus
Turkmenistan's export portfolio to Azerbaijan demonstrates strategic specialization, with oils: petroleum oils and oils obtained from bituminous minerals, crude representing a key competitive advantage in this bilateral market.
Azerbaijan → Turkmenistan Imports
Import Dependency Profile
📦 Import Strategy Analysis
Turkmenistan's import pattern from Azerbaijan reveals significant dependencyin cotton: not carded or combed, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Turkmenistan demonstrates competitive strength in exportingoils: petroleum oils and oils obtained from bituminous minerals, crude to Azerbaijan, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $773.42M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Turkmenistan-Azerbaijan Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $773.42 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Turkmenistan maintains a surplus of $601.19 million
- Export Focus: Turkmenistan's primary exports include oils: petroleum oils and oils obtained from bituminous minerals, crude, petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, 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
- Import Dependencies: Key imports from Azerbaijan include cotton: not carded or combed, aluminium: stranded wire, cables, plaited bands and the like, (not electrically insulated), with steel core, sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter
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 $773.42M 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 Turkmenistan leveraging its comparative advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude.
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
Turkmenistan's specialization in oils: petroleum oils and oils obtained from bituminous minerals, crudecomplements Azerbaijan's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in cotton: not carded or combed.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $773.42M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $773.42M 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 $773.42 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in oils: petroleum oils and oils obtained from bituminous minerals, crude and cotton: not carded or combed demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Turkmenistan's trade surplus of $601.19 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 Turkmenistan and Azerbaijan represents a total trade volume of $773.42 million in 2023. This partnership demonstrates a favorable trade balance for Turkmenistan, with exports exceeding importsby $601.19 million.
Export Strengths
Turkmenistan's exports to Azerbaijan total $687.31 million, with competitive advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude, representing $317.54M or46.2% of bilateral exports.
Import Dependencies
Imports from Azerbaijan amount to $86.11 million, highlighting economic interdependence in cotton: not carded or combed, with Cotton: not carded or combed comprising33.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Turkmenistan'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 Turkmenistan and Azerbaijan in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023