Kuwait (KWT) and Turkmenistan (TKM) Trade | The Observatory of Economic Complexity

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Kuwait-Turkmenistan Trade: In 2015, Kuwait exported $49.2k to Turkmenistan. The main products that Kuwait exported to Turkmenistan were N/A. Over the past 7 years the exports of Kuwait to Turkmenistan have decreased at an annualized rate of 55.9%, from $15.3M in 2008 to $49.2k in 2015.

In 2015, Kuwait did not export any services to Turkmenistan.

Turkmenistan-Kuwait Trade: In 2015, Turkmenistan exported $415k to Kuwait. The main products that Turkmenistan exported to Kuwait were Non-Knit Men's Suits ($109k), Knit Babies' Garments ($42.9k), and Knit Sweaters ($32.6k). Over the past 7 years the exports of Turkmenistan to Kuwait have increased at an annualized rate of 24%, from $142k in 2008 to $415k in 2015.

In 2015, Turkmenistan did not export any services to Kuwait.

Comparison: In 2022, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2015, Kuwait exported $49.2k to Turkmenistan. There were not main exports from Kuwait to Turkmenistan in 2015. During the last 7 years the exports of Kuwait to Turkmenistan have decreased at an annualized rate of 55.9%, from $15.3M in 2008 to $49.2k in 2015.

In 2017, Turkmenistan exported $415k to Kuwait. The main products exported from Turkmenistan to Kuwait were Non-Knit Men's Suits ($109k), Knit Babies' Garments ($42.9k), and Knit Sweaters ($32.6k). During the last 5 years the exports of Turkmenistan to Kuwait have increased at an annualized rate of 24%, from $142k in 2022 to $415k in 2017.

Exports from Kuwait () to Turkmenistan () (2022)

Exports from Turkmenistan () to Kuwait () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Turkmenistan
Top DestinationChina$8.88B

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

In 2022, countries that imported more from Kuwait than Turkmenistan included China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2022, countries that imported more from Turkmenistan than Kuwait included Uzbekistan ($664M), Azerbaijan ($460M), and Turkey ($884M).

Difference in imports from Turkmenistan () and Kuwait () (2022)

Comparative Advantage Kuwait - Turkmenistan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2015, Kuwait had a large net trade with Turkmenistan in the exports of .

During 2017, Turkmenistan had a large net trade with Kuwait in the exports of Textiles ($341k), Footwear and Headwear ($31.1k), and Animal Hides ($27.6k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Turkmenistan () (2022)

Exports from Turkmenistan () to Kuwait () (2022)

Market Competitiveness

Difference in imports from Turkmenistan () and Kuwait () (2022)

Comparative Advantage Kuwait - Turkmenistan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Turkmenistan () (2022)

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