The subject of this paper is the analysis of the Yugoslav-Turkish trade in 1920-1939. The main goal of the research is to point out the qualitative and quantitative indicators of trade between the two countries. In addition to the economic scientific approach, which is based on the analysis of statistical indicators derived from data on the exchange between the two countries, a historical approach was applied, which is reflected in the use of historical sources and contextual analysis of processes and events based on them. Despite the modest importance of mutual foreign trade, which could not be significantly affected by the dynamics of strong average annual growth of Yugoslav imports from Turkey, export-import flows between the two countries made a positive contribution to creating a much more important aspect of their relations: political, which was reflected in the signing of the Balkan Pact in 1934.