Economic Relations between Turkey and Turkmenistan

Turkish businessmen have contributed to Turkmenistan’s development since the early days of independence with about 600 Turkish companies registered in Turkmenistan. In the past few years, Turkmenistan has become the country in Central Asia where Turkish contracting companies undertook the most projects. From the independence of Turkmenistan until today, Turkish companies assumed contracting work in the country, totaling more than 48 billion USD.

Apart from the construction sector, the textile and tourism sectors are other areas with active Turkish private involvement. The trade volume between Turkey and Turkmenistan is also rapidly increasing with bilateral trade at 2.4 billion USD in 2015.

BILATERAL TRADE:

YEAR

EXPORT

IMPORT

VOLUME

BALANCE

2011

1493,3

392,7

1886,0

1100,6

2012

1480,1

303,5

1783,6

1176,5

2013

1957,5

653,8

2611,3

1303,7

2014

2232,8

624,1

2856,9

1608,7

2015

1859,3

557,4

2417,7

1301,8

2014-2015 %

-17

-11

-15

-19

Source: TÜİK                                                                                                         (million Dollar )