• Turkmenistan

    Turkmenistan

    DEVELOPMENT CHALLENGES 

    Turkmenistan is a “lower-middle” income country with a per capita GNI of US$3,800 in 2010. Its GDP growth has remained strongly positive, driven by stimulated local demand and rising investment in production facilities, transport networks, and social development, including residential construction and education and healthcare facilities. Turkmenistan is ranked 102nd of 187 countries on the Human Development Index (HDI), valued at 0.686. While the recent global economic crisis adversely affected the country’s economy, mainly through a drop in global demand for gas that was exacerbated by disruption of natural gas exports to the Russian Federation in 2009, swift implementation of several fiscal stimulus measures attenuated the effects and growth reached 8% in 2010. The country faces some important development challenges.

    • Poverty and inequality
    • Underdeveloped public administration
    • Skills gap
    • Environmental issues

    KEY TRADE ISSUES 

    • Product and market concentration
    • Weak competitiveness and low productive capacity
    • Limited access to finance
    • High transportation cost and continued need to develop physical infrastructure
    • Underdeveloped quality management infrastructure

    GOVERNMENT PRIORITIES 

    Outlined in the Presidential Reform Agenda, the Strategy of Economic, Political and Cultural Development of Turkmenistan Until 2020, and other documents, the main national priorities are to:

    • Promote the democratic principles of governance and ensure the supremacy of law;
    • Guarantee free education and a set of free state health services for all, ensure sustainable natural growth, decrease mortality, especially infant mortality, increase life expectancy, and provide social protection for citizens;
    • Develop a fast-growing, powerful State, and ensure high living standards of the population; and
    • Strengthen combat of illicit drug trafficking and organized crime, improve border management, and ensure more effective preparedness and response to natural and man-made disasters.

    More detailed information on Turkmenistan can be found here. 

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.