Turkmenistan
On this page you will find beneficial information regarding foreign direct investment in / trading with Turkmenistan. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Secular Democracy and a Presidential Republic
Population: 6.341 million (2021)
GDP: 45.23 billion USD (2019)
Corporate Tax Rate: 8%
Personal Income Tax Rate: 10%
Major Exports: Petroleum Gas ($4.88B), Refined Petroleum ($808M), Nitrogenous Fertilizers ($279M), Crude Petroleum ($211M), and Non-Retail Pure Cotton Yarn ($170M), exporting mostly to China ($4.79B), Turkey ($665M), Uzbekistan ($630M), Georgia ($205M), and Russia ($134M).
Major Imports: Planes, Helicopters, and/or Spacecraft ($173M), Cars ($86.5M), Packaged Medicaments ($81.6M), Insulated Wire ($74.7M), and Vaccines, blood, antisera, toxins and cultures ($71.2M), importing mostly from Turkey ($978M), China ($513M), Russia ($473M), United Arab Emirates ($247M), and Germany ($214M).
Investment Agency: Ministry of Finance and Economy of Turkmenistan
Website: https://invest.gov.tm/
