Turkmenistan-Germany Bilateral Trade Analysis 2023
Complete trade statistics: $214.92M total volume •Turkmenistan deficit: $214.92M
Turkmenistan → Germany
$0
Exports (2023)
Germany → Turkmenistan
$214.92M
Imports (2023)
Trade Balance
$214.92M
Deficit for Turkmenistan
Total Trade
$214.92M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Turkmenistan and Germany. 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-Germany commercial relationship and competitive positioning in global markets.
Turkmenistan → Germany Exports
Export Market Intelligence
🎯 Strategic Export Focus
Turkmenistan's export portfolio to Germany demonstrates strategic specialization, with turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw representing a key competitive advantage in this bilateral market.
Germany → Turkmenistan Imports
Import Dependency Profile
📦 Import Strategy Analysis
Turkmenistan's import pattern from Germany reveals significant dependencyin tractors: n.e.c. in heading no 8701 (other than tractors of heading no 8709): of an engine power exceeding 130kw, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Turkmenistan demonstrates competitive strength in exportingturbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw to Germany, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $214.92M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Turkmenistan-Germany Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $214.92 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Turkmenistan maintains a deficit of $214.92 million
- Export Focus: Turkmenistan's primary exports include turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw, carbon: carbon blacks and other forms of carbon n.e.c., wood: not of bamboo, articles n.e.c. in heading no. 4414 to 4420 (excluding clothes hangers)
- Import Dependencies: Key imports from Germany include tractors: n.e.c. in heading no 8701 (other than tractors of heading no 8709): of an engine power exceeding 130kw, taps, cocks, valves and similar appliances: for pipes, boiler shells, tanks, vats or the like, including thermostatically controlled valves, 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
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 $214.92M 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 turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw.
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 turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kwcomplements Germany's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in tractors: n.e.c. in heading no 8701 (other than tractors of heading no 8709): of an engine power exceeding 130kw.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $214.92M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $214.92M 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 $214.92 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw and tractors: n.e.c. in heading no 8701 (other than tractors of heading no 8709): of an engine power exceeding 130kw demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Turkmenistan's trade deficit of $214.92 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 Turkmenistan and Germany represents a total trade volume of $214.92 million in 2023. This partnership demonstrates an unfavorable trade balance for Turkmenistan, with imports exceeding exportsby $214.92 million.
Export Strengths
Turkmenistan's exports to Germany total $0.00, with competitive advantages in turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw, representing $3.35M orInfinity% of bilateral exports.
Import Dependencies
Imports from Germany amount to $214.92 million, highlighting economic interdependence in tractors: n.e.c. in heading no 8701 (other than tractors of heading no 8709): of an engine power exceeding 130kw, with Tractors: n.e.c. in heading no 8701 (other than tractors of heading no 8709): of an engine power exceeding 130kW comprising19.3% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Turkmenistan's strategic sourcing from Germany. 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 Germany in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023