Flag Turkey / Serbia Flag

2020
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Exports
: $1.39B, Rnk 32 / 215

2020
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Top Product
: $52.9M, Insulated Wire

2020
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Exports
: $384M, Rnk 19 / 170

2020
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Top Product
: $66.1M, Rubber Tires

2020
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Economic Complexity (ECI)
: ECI 0.58, Rnk 38 / 127

2020
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Economic Complexity (ECI)
: ECI 0.68, Rnk 37 / 127

2020
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GDP
: $720B, CURRENT US$
Rnk 19 / 195

2010-2020
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GDP GROWTH
: -7.34%, CURRENT US$
Rnk 170 / 195

2020
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 GDP
: $53.3B, CURRENT US$
Rnk 86 / 195

2010-2020
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GDP GROWTH
: 27.5%, CURRENT US$
Rnk 101 / 195

2020
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GDP PC 
: $8,536, CURRENT US$
Rnk 79 / 195

2010-2020
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GDP PC GROWTH
: -20.5%, CURRENT US$
Rnk 171 / 195

2020
Flag
GDP PC
: $7,721, CURRENT US$
Rnk 81 / 195

2010-2020
Flag
GDP PC GROWTH
: 34.6%, CURRENT US$
Rnk 49 / 195

Turkey-Serbia In 2020, Turkey exported $1.39B to Serbia. The main products that Turkey exported to Serbia are Insulated Wire ($52.9M), Light Rubberized Knitted Fabric ($52.1M), and Cars ($37.2M). During the last 14 years the exports of Turkey to Serbia have increased at an annualized rate of 10%, from $366M in 2006 to $1.39B in 2020.

In 2020, Turkey did not export any services to Serbia.

Serbia-Turkey In 2020, Serbia exported $384M to Turkey. The main products that Serbia exported to Turkey were Rubber Tires ($66.1M), Gold ($28.9M), and Liquid Pumps ($25.4M). During the last 14 years the exports of Serbia to Turkey have increased at an annualized rate of 17%, from $42.5M in 2006 to $384M in 2020.

In 2019, Serbia exported services to Turkey worth $76.1M, with Transportation ($33.6M), Travel ($26.9M), and Other business services ($11.2M) being the largest in terms of value.

Comparison In 2020,  Turkey ranked 38 in the Economic Complexity Index (ECI 0.58), and 29 in total exports ($177B). That same year, Serbia ranked 37 in the Economic Complexity Index (ECI 0.68), and 68 in total exports ($20.6B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Turkey exported $1.39B to Serbia. The main products exported from Turkey to Serbia were Insulated Wire ($52.9M), Light Rubberized Knitted Fabric ($52.1M), and Cars ($37.2M). During the last 14 years the exports of Turkey to Serbia have increased at an annualized rate of 10%, from $366M in 2006 to $1.39B in 2020.

In 2020, Serbia exported $384M to Turkey. The main products exported from Serbia to Turkey were Rubber Tires ($66.1M), Gold ($28.9M), and Liquid Pumps ($25.4M). During the last 14 years the exports of Serbia to Turkey have increased at an annualized rate of 17%, from $42.5M in 2006 to $384M in 2020.

Turkey Exports

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Serbia Exports

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Market Competitiveness

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Measure

Turkey
Top Destination
: Germany, $16.3B

Serbia
Top Destination
: Germany, $2.55B

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

In 2019, countries that imported more from Turkey than Serbia were Germany ($16.3B), United Kingdom ($12.7B), and United States ($10.3B).

In 2019, countries that imported more from Serbia than Turkey were Bosnia and Herzegovina ($1.37B), Montenegro ($779M), and North Macedonia ($739M).

Comparative Advantage Turkey - Serbia

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Flow

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

During 2020, Turkey had a large net trade with Serbia in the exports of Textiles ($303M), Machines ($285M), and Metals ($202M).

During 2020, Serbia had a large net trade with Turkey in the exports of Plastics and Rubbers ($112M), Machines ($66.8M), and Metals ($43.3M).

Bilateral Service Trade

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In 2019, Serbia exported services to Turkey worth $76.1M, with Transportation ($33.6M), Travel ($26.9M), and Other business services ($11.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Turkey has comparative advantage over Serbia. Similarly, the more yellow a dot/product is, the more Serbia has comparative advantage over Turkey.