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Pricing

2022
Flag → Flag
Exports $8.54MRnk 174 / 220
2022
Flag → Flag
Top Product $2.39MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $33kRnk 67 / 95
2022
Flag → Flag
Top Product $24.5kIndustrial Fatty Acids, Oils and Alcohols
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.56Rnk 90 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Turkmenistan Trade: In 2022, South Korea exported $8.54M to Turkmenistan. The main products that South Korea exported to Turkmenistan were Vaccines, blood, antisera, toxins and cultures ($2.39M), Motor vehicles; parts and accessories (8701 to 8705) ($1.56M), and Ethylene Polymers ($1.34M). Over the past 5 years the exports of South Korea to Turkmenistan have decreased at an annualized rate of 42.1%, from $131M in 2017 to $8.54M in 2022.

In 2022, South Korea did not export any services to Turkmenistan.

Turkmenistan-South Korea Trade: In 2022, Turkmenistan exported $33k to South Korea. The main products that Turkmenistan exported to South Korea were Industrial Fatty Acids, Oils and Alcohols ($24.5k), Used Clothing ($6.5k), and Trunks and Cases ($1.5k). Over the past 5 years the exports of Turkmenistan to South Korea have decreased at an annualized rate of 7.96%,  from $50k in 2017 to $33k in 2022.

In 2022, Turkmenistan did not export any services to South Korea.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $2.36M and imported $0 from Turkmenistan, resulting in a positive trade balance of $2.36M. Between July 2023 and July 2024 the exports of South Korea have increased by $1.22M (107%) from $1.14M to $2.36M, while imports decreased by $-2k (-100%) from $2k to $0.

Trade In July 2024, the top exports of South Korea to Turkmenistan were Cars, tractors, trucks & parts thereof. ($277k), Rubber & articles thereof ($41k), Perfumery & cosmetics ($18k), Machinery, mechanical appliances, & parts ($7k), and Chemical products n.e.s. ($6k). In July 2024 the top imports of South Korea from Turkmenistan were Perfumery & cosmetics ($0), Chemical products n.e.s. ($0), Rubber & articles thereof ($0), Knitted clothing accesories ($0), and Machinery, mechanical appliances, & parts ($0).

Growth In July 2024, the increase in South Korea's year-by-year exports to Turkmenistan was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($239k or 629%). In July 2024, the decrease in South Korea's year-by-year imports  from Turkmenistan was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$1.22M(107%)
IMPORT GROWTH (July 2023 - July 2024)$-2k(-100%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Turkmenistan and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkmenistan and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $8.54M to Turkmenistan. The main products exported from South Korea to Turkmenistan were Vaccines, blood, antisera, toxins and cultures ($2.39M), Motor vehicles; parts and accessories (8701 to 8705) ($1.56M), and Ethylene Polymers ($1.34M). During the last 5 years the exports of South Korea to Turkmenistan have decreased at an annualized rate of 42.1%, from $131M in 2017 to $8.54M in 2022.

In 2017, Turkmenistan exported $33k to South Korea. The main products exported from Turkmenistan to South Korea were Industrial Fatty Acids, Oils and Alcohols ($24.5k), Used Clothing ($6.5k), and Trunks and Cases ($1.5k). During the last 5 years the exports of Turkmenistan to South Korea have decreased at an annualized rate of 7.96%, from $50k in 2022 to $33k in 2017.

Exports from South Korea (Flag) to Turkmenistan (Flag) (2022)

Exports from Turkmenistan (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Turkmenistan
Top DestinationChina$8.88B

This map shows whether countries import more from South Korea or Turkmenistan. Each country is colored based on the difference in imports they receive from South Korea and Turkmenistan or the difference in the growth in imports.

In 2022, countries that imported more from South Korea than Turkmenistan included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Turkmenistan than South Korea included Azerbaijan ($460M) and Georgia ($168M).

Difference in imports from Turkmenistan (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Turkmenistan

Flow
Scale

This chart compares trade between South Korea and Turkmenistan by product, considering products traded by both, South Korea and Turkmenistan.

During 2022, South Korea had a large net trade with Turkmenistan in the exports of Chemical Products ($2.49M), Plastics and Rubbers ($2.33M), and Transportation ($2.04M).

During 2017, Turkmenistan had a large net trade with South Korea in the exports of Chemical Products ($24.5k), Textiles ($6.66k), and Animal Hides ($1.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Turkmenistan+N/AN/A
Top Product Potential Turkmenistan South Korea+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Turkmenistan. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Turkmenistan. Similarly, a dot/product with the flag of Turkmenistan indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Turkmenistan (Flag) (2022)

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