Balance of Trade in Turkmenistan decreased to 6782.60 USD Million in 2019 from 7222 USD Million in 2018. source: State Committee of Turkmenistan for Statistics

Balance of Trade in Turkmenistan averaged 1312.09 USD Million from 1992 until 2019, reaching an all time high of 7222 USD Million in 2018 and a record low of -3497.59 USD Million in 2009. This page provides - Turkmenistan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkmenistan Balance of Trade - values, historical data and charts - was last updated on May of 2021.

Balance of Trade in Turkmenistan is expected to reach 5061.60 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkmenistan Balance of Trade is projected to trend around 3827.00 USD Million in 2022 and 3748.00 USD Million in 2023, according to our econometric models.

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Turkmenistan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
6782.60 7222.00 7222.00 -3497.59 1992 - 2019 USD Million Yearly

Turkmenistan Trade Last Previous Highest Lowest Unit
Balance of Trade 6782.60 7222.00 7222.00 -3497.59 USD Million [+]
Current Account 481.00 -1171.00 4037.00 -7105.00 USD Million [+]
Current Account to GDP 5.10 5.50 16.50 -107.87 percent [+]
Imports 2912.79 2350.78 10166.68 141.49 USD Million [+]
Exports 9695.39 9572.83 12394.90 64.34 USD Million [+]
Terrorism Index 0.00 0.00 0.23 0.00 [+]
Crude Oil Production 183.00 185.00 316.00 69.00 BBL/D/1K [+]
External Debt 567628.38 907329.37 2732208.00 276435.00 USD Thousand [+]

Turkmenistan Balance of Trade
Turkmenistan is a major exporter of natural gas and oil. Yet, commodities price fluctuations and issues with infrastructure very often led to trade deficits. Turkmenistan’s other exports include cotton, polymers, cotton, textiles and vegetable products. Turkmenistan mainly imports iron and steel pipes, heavy construction equipment, wheat, grading machinery and vehicles. Turkmenistan's main trading partners are China, Turkey, Russia, the United Arab Emirates, Germany, the Ukraine, Italy and Iran.