- overview
- strengths
- Bilateral Agreements
- bilateral trade
- agencies
- Indian Mission
One of the fastest-growing economies in Central Asia region.
Turkmenistan has a GDP of US$95.5b and population of 5.8m
Defence ties, capacity-building and technical cooperation form the bedrock of the relationship
Indian Cinema, Music and TV serials are popular with Turkmen people
US$ 66 mn
FDI inflows to India from April 2000-March 2021
US$ 114.36mn
bilateral trade during FY2021-22
Oil & Gas
employs 372 Overseas Indians in Turkmenistan
Oil & Gas
Turkmenistan hosts hydrocarbon resource base of around 71.6b tonnes of oil equivalent, including 18.2b tonnes in the Caspian Sea
Chemicals
India and Turkmenistan have explored opportunities in petrochemical sector and agreed to strengthen cooperation
Engineering
Indian entities have already been involved in Turkmenistan's infrastructure and engineering sector, including oilfield services
Tourism
Exposure owing to the nation's oil and gas sector have promoted the nation's culture and heritage for tourism
India's Exports and Imports to Turkmenistan
Source: Department of Commerce
Country / Region: TURKMENISTAN
| S.No. | \Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 |
|---|---|---|---|---|---|---|
| 1. | EXPORT | 54.31 | 45.64 | 33.90 | 60.34 | 104.29 |
| 2. | %Growth | -15.96 | -25.74 | 78.01 | 72.84 | |
| 3. | India’s Total Export | 303,526.16 | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 |
| 4. | %Growth | 8.75 | -5.06 | -6.88 | 44.62 | |
| 5. | %Share | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 |
| 6. | IMPORT | 26.15 | 20.63 | 3.99 | 0.30 | 10.07 |
| 7. | %Growth | -21.12 | -80.66 | -92.59 | 3,305.99 | |
| 8. | India’s Total Import | 465,580.99 | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 |
| 9. | %Growth | 10.42 | -7.66 | -16.91 | 55.43 | |
| 10. | %Share | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11. | TOTAL TRADE | 80.46 | 66.27 | 37.89 | 60.64 | 114.36 |
| 12. | %Growth | -17.63 | -42.83 | 60.05 | 88.60 | |
| 13. | India’s Total Trade | 769,107.15 | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 |
| 14. | %Growth | 9.76 | -6.64 | -12.92 | 50.83 | |
| 15. | %Share | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 |
| 16. | TRADE BALANCE | 28.16 | 25.02 | 29.91 | 60.05 | 94.23 |
| 17. | India’s Trade Balance | -162,054.83 | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 |
Chamber of Commerce and Industry of Turkmenistan
+993-12-398-981
Ashgabat, Turkmenistan
Indian Trade Promotion Organisation
+91-11-2337-1540
Pragati Bhawan, Pragati Maidan New Delhi-110001 (INDIA)
United Nations Economic and Social Commission for Asia and the Pacific
+66-2-288-1865
The United Nations Building Rajadamnern Nok Avenue Bangkok 10200 Thailand
Embassy of India, Ashgabat
hoc.ashgabatmea.gov.in
+993-12-456152; 456153
Address: Y. Emre 1, Mir 2/1, PO Box No. 80, Ashgabat (Turkmenistan) 744017
Commercial Representative
+993-6569-2708
Ms. Shreeranjani K
Second Secretary and HOC
Commercial Representative
+993-6586-8516
Shri Ramesh Kumar
ASO (Commerce)
