Turkmenistan-Spain Bilateral Trade Analysis 2023
Complete trade statistics: $57.29M total volume •Turkmenistan surplus: $57.29M
Turkmenistan → Spain
$57.29M
Exports (2023)
Spain → Turkmenistan
$0
Imports (2023)
Trade Balance
$57.29M
Surplus for Turkmenistan
Total Trade
$57.29M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Turkmenistan and Spain. 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-Spain commercial relationship and competitive positioning in global markets.
Turkmenistan → Spain Exports
Export Market Intelligence
🎯 Strategic Export Focus
Turkmenistan's export portfolio to Spain demonstrates strategic specialization, 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 representing a key competitive advantage in this bilateral market.
Spain → Turkmenistan Imports
Import Dependency Profile
📦 Import Strategy Analysis
Turkmenistan's import pattern from Spain reveals significant dependencyin wood: doors and their frames and thresholds, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Turkmenistan demonstrates competitive strength in exportingpetroleum 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 to Spain, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $57.29M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Turkmenistan-Spain Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $57.29 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Turkmenistan maintains a surplus of $57.29 million
- Export Focus: Turkmenistan's primary exports 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, fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution, ethylene polymers: in primary forms, polyethylene having a specific gravity of 0.94 or more
- Import Dependencies: Key imports from Spain include wood: doors and their frames and thresholds, refractory bricks, blocks, tiles and similar refractory ceramic constructional goods: containing by weight more than 50% of alumina (al2o3), of silica (sio2) or of a mixture or compound of these, electrical machines and apparatus: for electroplating, electrolysis or electrophoresis
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 $57.29M 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 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.
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 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 oilscomplements Spain's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in wood: doors and their frames and thresholds.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $57.29M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $57.29M 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 $57.29 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows 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 and wood: doors and their frames and thresholds demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Turkmenistan's trade surplus of $57.29 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 Spain represents a total trade volume of $57.29 million in 2023. This partnership demonstrates a favorable trade balance for Turkmenistan, with exports exceeding importsby $57.29 million.
Export Strengths
Turkmenistan's exports to Spain total $57.29 million, with competitive advantages 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, representing $55.92M or97.6% of bilateral exports.
Import Dependencies
Imports from Spain amount to $0.00, highlighting economic interdependence in wood: doors and their frames and thresholds, with Wood: doors and their frames and thresholds comprisingInfinity% 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 Spain in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023