Turkmenistan-United Kingdom Bilateral Trade Analysis 2023
Complete trade statistics: $29.36M total volume •Turkmenistan deficit: $29.36M
Turkmenistan → United Kingdom
$0
Exports (2023)
United Kingdom → Turkmenistan
$29.36M
Imports (2023)
Trade Balance
$29.36M
Deficit for Turkmenistan
Total Trade
$29.36M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Turkmenistan and United Kingdom. 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-United Kingdom commercial relationship and competitive positioning in global markets.
Turkmenistan → United Kingdom Exports
Export Market Intelligence
🎯 Strategic Export Focus
Turkmenistan's export portfolio to United Kingdom demonstrates strategic specialization, with iodine representing a key competitive advantage in this bilateral market.
United Kingdom → Turkmenistan Imports
Import Dependency Profile
📦 Import Strategy Analysis
Turkmenistan's import pattern from United Kingdom reveals significant dependencyin chemical products, mixtures and preparations: n.e.c. heading 3824, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Turkmenistan demonstrates competitive strength in exportingiodine to United Kingdom, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $29.36M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Turkmenistan-United Kingdom Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $29.36 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Turkmenistan maintains a deficit of $29.36 million
- Export Focus: Turkmenistan's primary exports include iodine, waste and scrap of precious metals: waste and scrap of precious metals including metal clad with precious metals, other than that of gold and platinum and excluding ash which contains precious metal or precious metal compounds, trousers, bib and brace overalls, breeches and shorts: men's or boys', of cotton (not knitted or crocheted)
- Import Dependencies: Key imports from United Kingdom include chemical products, mixtures and preparations: n.e.c. heading 3824, turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw, reaction initiators, reaction accelerators and catalytic preparations, unsupported, n.e.c. or included
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 $29.36M 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 iodine.
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 iodinecomplements United Kingdom's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in chemical products, mixtures and preparations: n.e.c. heading 3824.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $29.36M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $29.36M 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 $29.36 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in iodine and chemical products, mixtures and preparations: n.e.c. heading 3824 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Turkmenistan's trade deficit of $29.36 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 United Kingdom represents a total trade volume of $29.36 million in 2023. This partnership demonstrates an unfavorable trade balance for Turkmenistan, with imports exceeding exportsby $29.36 million.
Export Strengths
Turkmenistan's exports to United Kingdom total $0.00, with competitive advantages in iodine, representing $14.95M orInfinity% of bilateral exports.
Import Dependencies
Imports from United Kingdom amount to $29.36 million, highlighting economic interdependence in chemical products, mixtures and preparations: n.e.c. heading 3824, with Chemical products, mixtures and preparations: n.e.c. heading 3824 comprising24.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Turkmenistan's strategic sourcing from United Kingdom. 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 United Kingdom in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023