2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC 
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
Rnk 32 / 186

About

Serbia-Turkmenistan Trade: In 2022, Serbia exported $2.06M to Turkmenistan. The main products that Serbia exported to Turkmenistan were Cellulose Fibers Paper ($893k), Rolled Tobacco ($802k), and Plastic Lids ($198k). Over the past 7 years the exports of Serbia to Turkmenistan have increased at an annualized rate of 45.9%, from $146k in 2015 to $2.06M in 2022.

In 2009, Serbia exported services to Turkmenistan worth $690k, with Construction services ($628k), Compensation of employees ($40.9k), and Workers' remittances ($21.5k) being the largest in terms of value.

Turkmenistan-Serbia Trade: In 2022, Turkmenistan exported $18M to Serbia. The main products that Turkmenistan exported to Serbia were Nitrogenous Fertilizers ($13.8M), Vegetable Saps ($3.21M), and Refined Petroleum ($646k). Over the past 7 years the exports of Turkmenistan to Serbia have increased at an annualized rate of 161%,  from $147k in 2015 to $18M in 2022.

In 2022, Turkmenistan did not export any services to Serbia.

Comparison: In 2022,  Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $2.06M to Turkmenistan. The main products exported from Serbia to Turkmenistan were Cellulose Fibers Paper ($893k), Rolled Tobacco ($802k), and Plastic Lids ($198k). During the last 7 years the exports of Serbia to Turkmenistan have increased at an annualized rate of 45.9%, from $146k in 2015 to $2.06M in 2022.

In 2017, Turkmenistan exported $18M to Serbia. The main products exported from Turkmenistan to Serbia were Nitrogenous Fertilizers ($13.8M), Vegetable Saps ($3.21M), and Refined Petroleum ($646k). During the last 5 years the exports of Turkmenistan to Serbia have increased at an annualized rate of 161%, from $147k in 2022 to $18M in 2017.

Exports from Serbia (Flag) to Turkmenistan (Flag) (2022)

Exports from Turkmenistan (Flag) to Serbia (Flag) (2022)

Latest Data

Trade between Serbia (Flag) and Turkmenistan (Flag)

Serbia Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Turkmenistan
Top Destination
China$8.88B

This map shows whether countries import more from Serbia or Turkmenistan. Each country is colored based on the difference in imports they receive from Serbia and Turkmenistan or the difference in the growth in imports.

In 2022, countries that imported more from Serbia than Turkmenistan included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

In 2022, countries that imported more from Turkmenistan than Serbia included China ($8.88B), Uzbekistan ($664M), and Azerbaijan ($460M).

Difference in imports from Turkmenistan (Flag) and Serbia (Flag) (2022)

Comparative Advantage Serbia - Turkmenistan

Flow
Scale

This chart compares trade between Serbia and Turkmenistan by product, considering products traded by both, Serbia and Turkmenistan.

During 2022, Serbia had a large net trade with Turkmenistan in the exports of Paper Goods ($893k), Foodstuffs ($802k), and Plastics and Rubbers ($220k).

During 2017, Turkmenistan had a large net trade with Serbia in the exports of Chemical Products ($13.8M), Vegetable Products ($3.21M), and Mineral Products ($646k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Serbia and Turkmenistan. This means that a dot/product with the flag of Serbia indicates it has a comparative advantage over Turkmenistan. Similarly, a dot/product with the flag of Turkmenistan indicates it has a comparative advantage over Serbia.

Product Space of Serbia (Flag) and Turkmenistan (Flag) (2022)

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