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Profiles of Countries in CIS Region

Turkmenistan

KEY ECONOMIC INDICATORS

Population July 2007 est. 5,097,028
Annual average growth rate of population 2007 est. 1.617%
Literacy 1999 est. 98.80%
Annual rate of inflation 2006 est. 11%
GDP 2006 est. US$ 15.18 billion
GDP growth rate 2006 est. IMF estimate: 6%
GDP composition by sector 2006 est.  
Agriculture   24.40%
Industry   33.90%
Services   41.70%
GDP (per capita) on purchasing power parity 2006 est. $8,500
Currency Turkmen Manat  
Conversion rate (Turkmen Manat per USD) Yr. 2006 11,100
Growth rate of various sectors Yr. 2006 Agriculture (-0.9%) 
Industry (-6.27%) 
Services (35.5%)
Total export Yr. 2005 US$ 4794.34 million
Total import Yr. 2005 US$ 1939.97 million
Current Account Convertibility   Limited
Trade Route   By sea to Bandar Abbas (Iran) & by Surface to Turkmenistan

 

INDIA'S BILATERAL TRADE WITH TURKMENISTAN

Value in million USD

Year 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 (Provisional Figures)
EXPORTS            
India's Total Export 43,826.73 52,719.43 63,842.97 83,535.94 103,090.54 126,331.10
Exports to Turkmenistan 4.35 10.29 19.21 15.26 18.83 33.63
%age Growth   136.55 86.64 -20.6 23.43 78.6
%age Growth in India's Exports   20.29 21.1 30.85 23.41 22.54
%age Share in Total Exports 0.01 0.02 0.03 0.02 0.02 0.03
IMPORTS
India's Total Import 51,413.29 61,412.13 78,149.61 111,517.44 149,165.73 190,566.00
Imports from Turkmenistan 1.95 5.4 9.34 10.87 12.35 12.06
%age Growth   177.85 72.77 16.37 13.68 -2.35
%age Growth in India's Imports   19.45 27.25 42.7 33.76 27.75
%age share in India's Imports 0.004 0.01 0.01 0.01 0.01 0.01
TRADE BALANCE
with Turkmenistan 2.41 4.89 9.88 4.39 6.48 21.57
with World -7,586.6 -8,692.7 -14,307 -27,981.5 -46,075.2 -64,234.9

Source :Directorate General of Commercial Intelligence and Statistics, Govt. of India

COMPARATIVE TREND ANALYSIS OF INDIA'S SHARE AS A SUPPLIER

Value in million USD

Year Global Imports Imports from India India's %age Share in Turkmenistan's Total Imports

1999

1478.25 9.36 0.63

2000

1785.53 9.21 0.52

2001

1107.70 4.40 0.52

2002

1003.34 10.24 0.52

2003

1522.83 18.97 1.25

2004

2237.16 14.51 0.65

2005

1939.97 18.90 0.97

TOP 20 PRODUCT GROUPS OF GLOBAL IMPORTS OF TURKMENISTAN (YR. 2005)

Value in million USD

HS Code Description Global Import Value %age Share of the Product Group in Turkmenistan's Total Import Value of Imports from India India's %age Share %age Share of Intra-CIS Imports Top 3 Suppliers %age Share
84 Nuclear reactors, boilers, machinery, etc 394.05 20.31 1.89 0.48 19.78 USA 21.52
France 12.36
Russia 1.21
89 Ships, boats and other floating structures 272.68 14.06 0 0 99.97 Azerbaijan 97.13
Georgia 2.07
Ukraine 0.74
73 Articles of iron or steel 237.10 12.22 0 0 58.25 Ukraine 35.95
Russia 20.39
Germany 10.77
88 Aircraft, spacecraft, and parts thereof 148.26 7.64 0 0 40.51 USA 58.49
Georgia 40.10
UK 0.51
87 Vehicles other than railway, tramway 128.99 6.65 0.002 0.002 54.14 Belarus 28.03
USA 27.57
Russia 18.33
85 Electrical, electronic equipment 124.88 6.44 9.13 7.31 23.04 China 16.04
Turkey 15.77
France 12.47
39 Plastics and articles thereof 45.38 2.34 0.05 0.11 20.58 Turkey 34.7
Iran (Islamic Republic of) 25.29
Ukraine 9.41
94 Furniture, lighting, signs, prefabricated buildings 33.92 1.75 0 0 29.64 Turkey 35.34
Russia 15.31
Poland 1.69
38 Miscellaneous chemical products 31.99 1.65 0.17 0.52 13.9 Turkey 19.08
Germany Russia 18.10 1.50
90 Optical, photo, technical, medical, etc apparatus 31.45 1.62 0.07 0.22 13.19 Germany 41.08
UK 10.58
Netherlands 10.31
99 Commodities not elsewhere specified 25.42 1.31 0.08 0.31 0.10 USA 88.08
Germany 6.22
Turkey 4.81
72 I ron and steel 24.87 1.28 0 0 78.67 Russia 39.67
Ukraine 37.1
Turkey 10.19
40 Rubber and articles thereof 23.20 1.20 0.12 0.52 72.49 Russia 60.22
Ukraine  1.61 
Germany 5.6
17 Sugars and sugar confectionery 22.53 1.16 0.03 0.12 29.69 Poland 50.84
Ukraine 12.18
Iran 10.29
86 Railway, tramway locomotives, rolling stock, equipment 19.43 1 0 0 7.69 China 88.35
Russia 3.9
Ukraine 3.68
32 Tanning, dyeing extracts, tannins, derivatives, pigments etc 19.38 1 0 0 12.39 Iran 36.71
Turkey 21.93
Germany 15.94
22 Beverages, spirits and vinegar 17.72 0.97 0.01 0.06 88.8 Ukraine 50.71
Russia 33.43
Turkey 7.8
68 Stone, plaster, cement, asbestos, mica, etc articles 17.43 0.90 0.08 0.48 17.6 Turkey 36.71
Italy 20.33
China 9.44
44 Wood and articles of wood, wood charcoal 16.45 0.85 0 0 58.14 Russia 52.66
Turkey 31.02
Ukraine 5.25
30 Pharma- ceutical products 15.31 0.79 3.01 19.63 55.82 Ukraine 28.62
Russia 19.82
India 19.63

TOP PRODUCT GROUPS OF COUNTRY'S EXPORTS TO INDIA (YR.2005)

Value in million USD

HS Code Description Global Exports Exports to India India's % age Share Exports of the Country
52 Cotton 180.88 11.28 6.24
28 Inorganic chemicals, precious metal compound, isotopes 7.41 0.73 9.78
51 Wool, animal hair, horsehair yarn and fabric thereof 4.99 0.19 3.83
74 Copper and articles thereof 0.40 0.06 14.90
82 Tools, implements, cutlery, etc of base metal 0.37 0.06 15.86
61 Articles of apparel, accessories, knit or crochet 34.22 0.04 0.12
39 Plastics and articles thereof 63.69 0.04 0.06

TOP 20 PRODUCT GROUPS OF INDIA'S EXPORTS TO TURKMENISTAN (YR. 2006)

Value in million USD

HS Code Description India's Global Exports India's Export's to Turkmenistan Turkmenistan %age Share in India Exports of the Item Rank of the Product Group in Top 20 of Turkmenistan's Global Imports
85 Electrical Machinery 3757.62 12.121 0.32 6
62 Woven Apparel 5423.94 5.700 0.11  
30 Pharmaceutical Products 3000.65 3.375 0.11 20
84 Machinery 4979.45 2.879 0.06 1
83 Misc. Art of Base Metal 261.07 0.360 0.14  
90 Optic, Not 8544;Medical Instrument 789.22 0.324 0.04 10
40 Rubber 1195.88 0.254 0.02 13
38 Misc. Chemical Products 1102.82 0.212 0.02 9
29 Organic Chemicals 5792.06 0.195 0.003  
61 Knit Apparel 3524.50 0.165 0.004  
68 Stone, Plaster, Cement, etc 779.17 0.123 0.02 18
24 Tobacco 365.51 0.114 0.03  
70 Glass And Glassware 293.79 0.103 0.04  
04 Dairy, Eggs, Honey, etc 193.42 0.096 0.05  
21 Miscellaneous Food 189.76 0.059 0.03  
39 Plastic 2660.63 0.053 0.002 7
50 Silk; Silk Yarn, Fabric 383.60 0.053 0.01  
63 Misc. Textile Articles 2343.43 0.049 0.003  
12 Misc. Grain, Seed, Fruit 483.60 0.044 0.01  
99 Other Special Impr. Provisions 1116.29 0.042 0.004 11

Detailed Analysis (at 4 digit HS Code Level) for top 4 Product Groups of India's Exports to Turkmenistan: Global Imports, Imports from India, Intra-CIS Imports, Potential Trade & Top 3 suppliers.

Top 4 Product Groups namely Electrical Machinery, Woven Apparel, Pharmaceuticals & Machinery constituting 90.57% share in India's total Exports to Turkmenistan.

TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF TURKMENISTAN FOR ELECTRICAL MACHINERY (HS CODE 85) YEAR 2005

Value in million USD

HS Code Description Global Import Value %age share of the item in Country's Imports of the Product Group Value of Imports from India India's Global Exports Value of Intra-CIS Imports Potential Trade for India Top 3 Suppliers % age Share
8528 Television receivers (including video monitors & video projectors) 21.433 17.28 8.863 75.75 2.98 12.57 India 41.35
China 39.93
Kazakhstan 13.93
8537 Board & panels, equipped with two/more switches, fuses 14.292 1.520 0 69.85 4.57 14.292 Turkey 27.46
Ukraine 23.85
France 22.04

TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF TURKMENISTAN FOR WOVEN APPAREL (HS CODE 62) YEAR 2005 

Value in million USD

HS Code Description Global Import Value %age share of the item in Country's Imports of the Product Group Value of Imports from India India's Global Exports Value of Intra-CIS Imports Potential Trade for India Top 3 Suppliers % age Share
6206 Women's blouses & shirts 1.87 29.45 1.85 1254.15 0.01 0.03 India 98.56
Kazakhstan 0.75
Turkey 0.37
6203 Men's suits, jackets, trousers etc & shorts 1.19 18.68 0 674.72 0.04 1.19 China 57.49
Turkey 23.06
Thailand 8.08

TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF TURKMENISTAN FOR PHARMACEUTICALS (HS CODE 30) YEAR 2005

Value in million USD

HS Code Description Global Import Value %age share of the item in Country's Imports of the Product Group Value of Imports from India India's Global Exports Value of Intra-CIS Imports Potential Trade for India Top 3 Suppliers % age Share
3004 Medicament mixtures (not 3002, 3005, 3006), put in dosage 13.08 85.43 2.76 2458.59 7.41 10.32 Netherlands 35.68
Ukraine 29.01`
Russia 21.62
3002 Human & animal blood; antisera, vaccines, toxins, micro­organism cultures 1.91 12.49 0.15 172.58 0.89 1.77 Ukraine 30.28
Belarus 9.83
Switzerland 9.73

TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF TURKMENISTAN FOR MACHINERY  (HS CODE 84) YEAR 2005

Value in million USD

HS Code Description Global Import Value %age share of the item in Country's Imports of the Product Group Value of Imports from India India's Global Exports Value of Intra-CIS Imports Potential Trade for India Top 3 Suppliers % age Share
8433 Harvesting /threshing machinery, hay mower, etc 64.78 16.44 0 7.03 0.05 7.03 USA 98.63
Turkey 0.67
France 0.44
8431 Machinery part (hd 84.25 to 84.30) 32.54 8.26 0 141.77 3.86 32.54 USA 32.22
China 26.59
Romania 7.35

Useful Websites

www.turkmenistanembassy.org  Embassy of Turkmenistan: General information, History & Culture, Government Policies, Business & Economy, Visa Regulations
www.turkmenistan.gov.tm  Official website of Government of Turkmenistan

KEY CONTACTS

Mr. Mohd. Afzal
Ambassador Designate
Embassy of India,
Y-EMRE Street,
Mir 2/1, Ashgabat
Telephone: 0099-312-452425, 452777
Fax: 0099-312-452434
E-mail: indembamb@online.am

Dr. Rustamova Chinar
Counsellor
Embassy of Turkmenistan
C-11, Westend Colony
New Delhi- 110021
Telephone: 91-11-24116527
Fax: 91-11-24116526
E-mail: turkmen_embassy@starith.net  

 

 
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