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Pricing

2022
Flag → Flag
Exports $480MRnk 21 / 174
2022
Flag → Flag
Top Product $59.6MRubber Tires
2022
Flag → Flag
Exports $2.44BRnk 27 / 219
2022
Flag → Flag
Top Product $68MLight Rubberized Knitted Fabric
2022
Flag
Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Serbia-Turkey Trade: 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). Over the past 5 years the exports of Serbia to Turkey have increased at an annualized rate of 1.57%, from $444M in 2017 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.

Turkey-Serbia Trade: In 2022, Turkey exported $2.44B to Serbia. The main products that Turkey exported to Serbia were Light Rubberized Knitted Fabric ($68M), Coated Flat-Rolled Iron ($64.8M), and Cars ($59M). Over the past 5 years the exports of Turkey to Serbia have increased at an annualized rate of 18.9%,  from $1.03B in 2017 to $2.44B in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Serbia to Turkey have increased at an annualized rate of 1.57%, from $444M in 2017 to $480M in 2022.

In 2017, 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 5 years the exports of Turkey to Serbia have increased at an annualized rate of 18.9%, from $1.03B in 2022 to $2.44B in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Turkey (Flag)

Serbia Exports

Turkey Exports

Market Competitiveness

Color
Serbia
Top DestinationGermany$4B
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Serbia than Turkey included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and Croatia ($1.25B).

In 2022, countries that imported more from Turkey than Serbia included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Serbia - Turkey

Flow
Scale

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

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).

During 2017, Turkey had a large net trade with Serbia in the exports of Metals ($569M), Textiles ($405M), and Machines ($366M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Turkey+$23.1MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Turkey Serbia+$22.7MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

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

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

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