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