Serbia
ECON COMPLEXITY (2018)
0.69
RANK 38 OF 137
PRODUCT EXPORTS (2018)
$19.7B
RANK 74 OF 222
EXPORTS PER CAPITA (2018)
$2.82K
RANK 165 OF 219
PRODUCT IMPORTS (2018)
$26.6B
RANK 70 OF 221
IMPORTS PER CAPITA (2018)
$3.81K
RANK 176 of 219
SERVICE EXPORTS (2018)
$4.26B
RANK 73 OF 139
SERVICE IMPORTS (2017)
$4B
RANK 74 OF 139
GDP (2018)
$50.6B
CURRENT US$
RANK 85 OF 196
GDP GROWTH (2008-2018)
-3.06%
CURRENT US$
RANK 174 OF 196
GDP PC (2018)
$7,247
CURRENT US$
RANK 92 OF 196
GDP PC GROWTH (2008-2018)
2.05%
CURRENT US$
RANK 138 OF 196
Overview: In 2018 Serbia was the number 85 economy in the world in terms of GDP (current US$), the number 74 in total exports, the number 70 in total imports, and the number 38 most complex economy according to the Economic Complexity Index (ECI). In 2018, Serbia exported $19.7B and imported $26.6B, resulting in a negative trade balance of -$6.94B. In 2018, Serbia’s exports per capita were $2.82k and its imports per capita were $3.81k.
Trade: The top exports of Serbia are Insulated Wire ($1.31B), Cars($897M), Rubber Tires ($732M), Hot-Rolled Iron ($609M), and Electric Motors ($441M). The top imports of Serbia are Crude Petroleum($1.43B), Packaged Medicaments ($1.15B), Cars ($857M), Petroleum Gas ($646M), and Refined Petroleum ($566M).
Destinations: Serbia exports mostly to Italy ($2.37B), Germany($2.31B), Bosnia and Herzegovina ($1.51B), Romania ($1.14B), and Russia ($1.05B), and imports mostly from Germany ($3.44B), Italy($2.14B), Russia ($1.92B), Hungary ($1.62B), and China ($1.22B).
Location: Serbia borders Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Hungary, North Macedonia, Montenegro, and Romania by land.
Exports
In 2018 Serbia exported a total of $19.7B, making it the number 74 exporter in the world. During the last five reported years the exports of Serbia have changed by $4.57B from $15.1B in 2013 to $19.7B in 2018.
The most recent exports are led by Insulated Wire ($1.31B), Cars ($897M), Rubber Tires ($732M), Hot-Rolled Iron ($609M), and Electric Motors ($441M).
Imports
In 2018 Serbia imported $26.6B, making it the number 70 trade destination in the world. During the last five reported years the imports of Serbia changed by $5.9B from $20.7B in 2013 to $26.6B in 2018.
The most recent imports of Serbia are led by Crude Petroleum ($1.43B), Packaged Medicaments ($1.15B), Cars ($857M), Petroleum Gas ($646M), and Refined Petroleum ($566M).
Trade Balance
As of 2018 Serbia had a negative trade balance of $3.28B in net imports.
Destinations
The most common destination for the exports of Serbia are Italy ($2.37B), Germany ($2.31B), Bosnia and Herzegovina ($1.51B), Romania ($1.14B), and Russia ($1.05B).
Origins
The most common import partners for Serbia are Germany ($3.44B), Italy ($2.14B), Russia ($1.92B), Hungary ($1.62B), and China ($1.22B).