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2023
Flag → Flag
Exports $707MRnk 17 / 184
2023
Flag → Flag
Top Product $121MRubber Tires
2023
Flag → Flag
Exports $545MRnk 102 / 220
2023
Flag → Flag
Top Product $34.8MCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 35 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $12,282CURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP PC GROWTH74.4%CURRENT US$
Rnk 20 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Serbia-United States Trade: In 2023, Serbia exported $707M to United States. The main products that Serbia exported to United States were Rubber Tires ($121M), Mattresses ($51M), and Explosive Ammunition ($48.4M). Over the past 5 years the exports of Serbia to United States have increased at an annualized rate of 16.5%, from $330M in 2018 to $707M in 2023.

In 2019, Serbia exported services to United States worth $658M, with Computer and information services ($321M), Other business services ($182M), and Travel ($78.4M) being the largest in terms of value.

United States-Serbia Trade: In 2023, United States exported $545M to Serbia. The main products that United States exported to Serbia were Coal Briquettes ($34.8M), Planes, Helicopters, and/or Spacecraft ($29.4M), and Medical Instruments ($25.3M). Over the past 5 years the exports of United States to Serbia have increased at an annualized rate of 2.38%,  from $431M in 2018 to $545M in 2023.

In 2023, United States did not export any services to Serbia.

Comparison: In 2023,  Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Serbia exported $707M to United States. The main products exported from Serbia to United States were Rubber Tires ($121M), Mattresses ($51M), and Explosive Ammunition ($48.4M). During the last 5 years the exports of Serbia to United States have increased at an annualized rate of 16.5%, from $330M in 2018 to $707M in 2023.

In 2018, United States exported $545M to Serbia. The main products exported from United States to Serbia were Coal Briquettes ($34.8M), Planes, Helicopters, and/or Spacecraft ($29.4M), and Medical Instruments ($25.3M). During the last 5 years the exports of United States to Serbia have increased at an annualized rate of 2.38%, from $431M in 2023 to $545M in 2018.

Exports from Serbia (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Serbia (Flag) (2023)

Latest Data

Trade between Serbia (Flag) and United States (Flag)

Serbia Exports

United States Exports

Market Competitiveness

Color
Serbia
Top DestinationGermany$4.76B
United States
Top DestinationCanada$269B

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

In 2023, countries that imported more from Serbia than United States included Bosnia and Herzegovina ($1.77B), Montenegro ($995M), and North Macedonia ($932M).

In 2023, countries that imported more from United States than Serbia included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Serbia (Flag) (2023)

Comparative Advantage Serbia - United States

Flow
Scale

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

During 2023, Serbia had a large net trade with United States in the exports of Machines ($223M), Plastics and Rubbers ($139M), and Miscellaneous ($64.8M).

During 2018, United States had a large net trade with Serbia in the exports of Machines ($145M), Transportation ($83.3M), and Chemical Products ($75.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia United States+$58.2MRubber Tires
Top Product Potential United States Serbia+$31.1MCars

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 United States. This means that a dot/product with the flag of Serbia indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Serbia.

Product Space of Serbia (Flag) and United States (Flag) (2023)

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