Turkmenistan-China Bilateral Trade Analysis 2023
Complete trade statistics: $10.59B total volume •Turkmenistan surplus: $8.68B
Turkmenistan → China
$9.63B
Exports (2023)
China → Turkmenistan
$956.67M
Imports (2023)
Trade Balance
$8.68B
Surplus for Turkmenistan
Total Trade
$10.59B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Turkmenistan and China. 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-China commercial relationship and competitive positioning in global markets.
Turkmenistan → China Exports
Export Market Intelligence
🎯 Strategic Export Focus
Turkmenistan's export portfolio to China demonstrates strong diversification across multiple sectors, with petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas representing a key competitive advantage in this bilateral market.
China → Turkmenistan Imports
Import Dependency Profile
📦 Import Strategy Analysis
Turkmenistan's import pattern from China reveals significant dependencyin iron or steel (excluding cast iron or stainless steel): seamless, casing and tubing, of a kind used in drilling for oil or gas, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Turkmenistan demonstrates competitive strength in exportingpetroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas to China, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $10.59B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Turkmenistan-China Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $10.59 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Turkmenistan maintains a surplus of $8.68 billion
- Export Focus: Turkmenistan's primary exports include petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, iodine, vegetable saps and extracts: of liquorice
- Import Dependencies: Key imports from China include iron or steel (excluding cast iron or stainless steel): seamless, casing and tubing, of a kind used in drilling for oil or gas, boring or sinking machinery: parts of the machinery of item no. 8430.41 or 8430.41, rubber: new pneumatic tyres, of a kind used on buses or lorries
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global 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 $10.59B 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 petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas.
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 petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gascomplements China's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in iron or steel (excluding cast iron or stainless steel): seamless, casing and tubing, of a kind used in drilling for oil or gas.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $10.59B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $10.59B 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 $10.59 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas and iron or steel (excluding cast iron or stainless steel): seamless, casing and tubing, of a kind used in drilling for oil or gas demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Turkmenistan's trade surplus of $8.68 billion 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 China represents a total trade volume of $10.59 billion in 2023. This partnership demonstrates a favorable trade balance for Turkmenistan, with exports exceeding importsby $8.68 billion.
Export Strengths
Turkmenistan's exports to China total $9.63 billion, with competitive advantages in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, representing $9.61B or99.7% of bilateral exports.
Import Dependencies
Imports from China amount to $956.67 million, highlighting economic interdependence in iron or steel (excluding cast iron or stainless steel): seamless, casing and tubing, of a kind used in drilling for oil or gas, with Iron or steel (excluding cast iron or stainless steel): seamless, casing and tubing, of a kind used in drilling for oil or gas comprising3.8% 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 China in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023