Turkey (TUR) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Turkey-Serbia In 2022, Turkey exported $2.44B to Serbia. The main products that Turkey exported to Serbia are Light Rubberized Knitted Fabric ($68M), Coated Flat-Rolled Iron ($64.8M), and Cars ($59M). During the last 16 years the exports of Turkey to Serbia have increased at an annualized rate of 18.4%, from $164M in 2006 to $2.44B in 2022.

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

Serbia-Turkey In 2022, Serbia exported $480M to Turkey. The main products that Serbia exported to Turkey were Rubber Tires ($59.6M), Motor vehicles; parts and accessories (8701 to 8705) ($39.4M), and Rolled Tobacco ($21.5M). During the last 16 years the exports of Serbia to Turkey have increased at an annualized rate of 16.9%, from $39.4M in 2006 to $480M in 2022.

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 2022, Turkey ranked 39 in the Economic Complexity Index (ECI 0.59), and 29 in total exports ($262B). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Turkey exported $2.44B to Serbia. The main products exported from Turkey to Serbia were Light Rubberized Knitted Fabric ($68M), Coated Flat-Rolled Iron ($64.8M), and Cars ($59M). During the last 16 years the exports of Turkey to Serbia have increased at an annualized rate of 18.4%, from $164M in 2006 to $2.44B in 2022.

In 2022, Serbia exported $480M to Turkey. The main products exported from Serbia to Turkey were Rubber Tires ($59.6M), Motor vehicles; parts and accessories (8701 to 8705) ($39.4M), and Rolled Tobacco ($21.5M). During the last 16 years the exports of Serbia to Turkey have increased at an annualized rate of 16.9%, from $39.4M in 2006 to $480M in 2022.

Exports from Turkey () to Serbia () (2022)

Exports from Serbia () to Turkey () (2022)

Latest Data

Trade between Turkey () and Serbia ()

Turkey Exports

Date

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Serbia
Top DestinationGermany$4B

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 ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2021, countries that imported more from Serbia than Turkey were Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and Croatia ($1.25B).

Difference in imports from Serbia () and Turkey () (2022)

Comparative Advantage Turkey - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Serbia in the exports of Metals ($569M), Textiles ($405M), and Machines ($366M).

During 2022, Serbia had a large net trade with Turkey in the exports of Plastics and Rubbers ($99.9M), Machines ($85.4M), and Transportation ($45.9M).

Service Trade

Bilateral Service Trade

Srb Year

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 () to Turkey () (2019)

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Serbia () (2022)

Exports from Serbia () to Turkey () (2022)

Latest Data

Trade between Turkey () and Serbia ()

Turkey Exports

Serbia Exports

Market Competitiveness

Difference in imports from Serbia () and Turkey () (2022)

Comparative Advantage Turkey - Serbia

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

Product Space of Turkey () and Serbia () (2022)

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