Turkmenistan: Terms of trade

* indicates monthly or quarterly data series
 Turkmenistan

Terms of trade, base year = 2000

 Latest value 184.90
 Year 2021
 Measure percent
 Data availability 2000 - 2021
 Average 110.41
 Min - Max 54.56 - 184.90
 Source The United Nations
For that indicator, we provide data for Turkmenistan from 2000 to 2021. The average value for Turkmenistan during that period was 110.41 percent with a minimum of 54.56 percent in 2020 and a maximum of 184.9 percent in 2021. The latest value from 2021 is 184.9 percent. For comparison, the world average in 2021 based on 189 countries is 109.62 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Turkmenistan - Terms of trade - Recent values chart

Historical chart
Turkmenistan - Terms of trade - historical chart - 2000-2021




The terms of trade for Turkmenistan are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.

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 Related indicators Latest value Reference Measure
 Terms of trade 184.90 2021 percent
 Trade openness 33.06 2021 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 20.56 2021 percent
 Exports, billion dollars 10.28 2021 billion U.S. dollars
 Growth of exports 42.54 2006 percent
 Imports, percent of GDP 12.50 2021 percent
 Imports, billion dollars 6.25 2021 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.66 2022 percent
 Foreign Direct Investment, billion dollars 0.94 2022 billion U.S. dollars
 Current account, percent of GDP 4.20 2022 percent
 Trade balance, percent of GDP 8.06 2021 percent
 Reserves 1.51 1999 billion U.S. dollars
 Remittances, percent of GDP 0.00 2022 percent
 Remittances 0.00 2022 million U.S. dollars
 External debt 8.09 2022 percent
 Short-term external debt 2.22 2022 percent
 Short-term debt to reserves 20.56 1999 percent
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