2021
Flag  
GDP
$819BCURRENT US$
Rnk 19 / 204
2011-2021
Flag
GDP GROWTH
-2.35%CURRENT US$
Rnk 173 / 204
2021
Flag
 GDP
$63.1BCURRENT US$
Rnk 83 / 204
2011-2021
Flag
GDP GROWTH
28.1%CURRENT US$
Rnk 98 / 204
2021
Flag
GDP PC 
$9,661CURRENT US$
Rnk 88 / 204
2011-2021
Flag
GDP PC GROWTH
-14.6%CURRENT US$
Rnk 172 / 204
2021
Flag
GDP PC
$9,230CURRENT US$
Rnk 91 / 204
2011-2021
Flag
GDP PC GROWTH
35.6%CURRENT US$
Rnk 53 / 204

About

Turkey-Serbia In 2021, Turkey exported $2.02B to Serbia. The main products that Turkey exported to Serbia are Light Rubberized Knitted Fabric ($66.3M), Iron Ore ($41.6M), and Iron Structures ($35.8M). During the last 15 years the exports of Turkey to Serbia have increased at an annualized rate of 18.3%, from $163M in 2006 to $2.02B in 2021.

In 2021, Turkey did not export any services to Serbia.

Serbia-Turkey In 2021, Serbia exported $386M to Turkey. The main products that Serbia exported to Turkey were Rubber Tires ($56.8M), Gold ($24.9M), and Hot-Rolled Iron ($23.1M). During the last 15 years the exports of Serbia to Turkey have increased at an annualized rate of 16.5%, from $39.3M in 2006 to $386M in 2021.

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 2021,  Turkey ranked 42 in the Economic Complexity Index (ECI 0.61), and 28 in total exports ($234B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.74), and 70 in total exports ($26.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Turkey exported $2.02B to Serbia. The main products exported from Turkey to Serbia were Light Rubberized Knitted Fabric ($66.3M), Iron Ore ($41.6M), and Iron Structures ($35.8M). During the last 15 years the exports of Turkey to Serbia have increased at an annualized rate of 18.3%, from $163M in 2006 to $2.02B in 2021.

In 2021, Serbia exported $386M to Turkey. The main products exported from Serbia to Turkey were Rubber Tires ($56.8M), Gold ($24.9M), and Hot-Rolled Iron ($23.1M). During the last 15 years the exports of Serbia to Turkey have increased at an annualized rate of 16.5%, from $39.3M in 2006 to $386M in 2021.

Exports from Turkey (Flag) to Serbia (Flag) (2021)

Exports from Serbia (Flag) to Turkey (Flag) (2021)

Latest Data

Trade between Turkey (Flag) and Serbia (Flag)

Turkey Exports

Serbia Exports

Market Competitiveness

Color
Turkey
Top Destination
Germany$19.8B
Serbia
Top Destination
Germany$3.27B

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 2021, countries that imported more from Turkey than Serbia were Germany ($19.8B), United States ($14.8B), and United Kingdom ($14.2B).

In 2021, countries that imported more from Serbia than Turkey were Bosnia and Herzegovina ($1.83B), Montenegro ($961M), and North Macedonia ($976M).

Difference in imports from Serbia (Flag) and Turkey (Flag) (2021)

Comparative Advantage Turkey - Serbia

Flow
Scale

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

During 2021, Turkey had a large net trade with Serbia in the exports of Metals ($390M), Textiles ($386M), and Machines ($331M).

During 2021, Serbia had a large net trade with Turkey in the exports of Plastics and Rubbers ($91.2M), Machines ($70.3M), and Metals ($56.8M).

Service Trade

Bilateral Service Trade

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.

Services Exports from Serbia (Flag) to Turkey (Flag) (2019)

Economic Complexity

Competitive Landscape

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.

Product Space of Turkey (Flag) and Serbia (Flag) (2021)

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