Flag Albania / Serbia Flag

2020
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Exports
: $236M, Rnk 2 / 125

2020
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Top Product
: $81M, Raw Iron Bars

2020
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Exports
: $202M, Rnk 27 / 170

2020
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Top Product
: $15.7M, Electricity

2020
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Economic Complexity (ECI)
: ECI -0.36, Rnk 75 / 127

2020
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Economic Complexity (ECI)
: ECI 0.68, Rnk 37 / 127

2020
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GDP
: $14.9B, CURRENT US$
Rnk 124 / 195

2010-2020
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GDP GROWTH
: 24.8%, CURRENT US$
Rnk 106 / 195

2020
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 GDP
: $53.3B, CURRENT US$
Rnk 86 / 195

2010-2020
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GDP GROWTH
: 27.5%, CURRENT US$
Rnk 101 / 195

2020
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GDP PC 
: $5,246, CURRENT US$
Rnk 100 / 195

2010-2020
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GDP PC GROWTH
: 28.1%, CURRENT US$
Rnk 65 / 195

2020
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GDP PC
: $7,721, CURRENT US$
Rnk 81 / 195

2010-2020
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GDP PC GROWTH
: 34.6%, CURRENT US$
Rnk 49 / 195

Albania-Serbia In 2020, Albania exported $236M to Serbia. The main products that Albania exported to Serbia are Raw Iron Bars ($81M), Cement ($37.5M), and Tomatoes ($13.3M). During the last 14 years the exports of Albania to Serbia have increased at an annualized rate of 13.9%, from $37.9M in 2006 to $236M in 2020.

In 2020, Albania did not export any services to Serbia.

Serbia-Albania In 2020, Serbia exported $202M to Albania. The main products that Serbia exported to Albania were Electricity ($15.7M), Corn ($15.2M), and Scrap Iron ($15.1M). During the last 14 years the exports of Serbia to Albania have increased at an annualized rate of 11.3%, from $44.8M in 2006 to $202M in 2020.

In 2009, Serbia exported services to Albania worth $8.79M, with Direct investment ($6.21M), Other business services ($993k), and Computer and information services ($392k) being the largest in terms of value.

Comparison In 2020,  Albania ranked 75 in the Economic Complexity Index (ECI -0.36), and 134 in total exports ($2.62B). That same year, Serbia ranked 37 in the Economic Complexity Index (ECI 0.68), and 68 in total exports ($20.6B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Albania exported $236M to Serbia. The main products exported from Albania to Serbia were Raw Iron Bars ($81M), Cement ($37.5M), and Tomatoes ($13.3M). During the last 14 years the exports of Albania to Serbia have increased at an annualized rate of 13.9%, from $37.9M in 2006 to $236M in 2020.

In 2020, Serbia exported $202M to Albania. The main products exported from Serbia to Albania were Electricity ($15.7M), Corn ($15.2M), and Scrap Iron ($15.1M). During the last 14 years the exports of Serbia to Albania have increased at an annualized rate of 11.3%, from $44.8M in 2006 to $202M in 2020.

Albania Exports

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Serbia Exports

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Market Competitiveness

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Measure

Albania
Top Destination
: Italy, $1.11B

Serbia
Top Destination
: Germany, $2.55B

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

In 2019, countries that imported more from Albania than Serbia were Senegal ($8.49M), Malaysia ($10.9M), and Malta ($9.13M).

In 2019, countries that imported more from Serbia than Albania were Germany ($2.55B), Bosnia and Herzegovina ($1.37B), and Romania ($1.29B).

Comparative Advantage Albania - Serbia

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Flow

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

During 2020, Albania had a large net trade with Serbia in the exports of Metals ($97M), Mineral Products ($46.3M), and Vegetable Products ($35M).

During 2020, Serbia had a large net trade with Albania in the exports of Metals ($36.9M), Vegetable Products ($32.1M), and Foodstuffs ($26.3M).

Bilateral Service Trade

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In 2009, Serbia exported services to Albania worth $8.79M, with Direct investment ($6.21M), Other business services ($993k), and Computer and information services ($392k) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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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 Albania has comparative advantage over Serbia. Similarly, the more yellow a dot/product is, the more Serbia has comparative advantage over Albania.