Albania (ALB) and Serbia (SRB) Trade | The Observatory of Economic Complexity

About

Albania-Serbia Trade: In 2023, Albania exported $188M to Serbia. The main products that Albania exported to Serbia were Raw Iron Bars ($23M), Tomatoes ($13.5M), and Cement ($11.2M). Over the past 5 years the exports of Albania to Serbia have increased at an annualized rate of 15.6%, from $90.7M in 2018 to $188M in 2023.

In 2023, Albania did not export any services to Serbia.

Serbia-Albania Trade: In 2023, Serbia exported $381M to Albania. The main products that Serbia exported to Albania were Electricity ($39.8M), Flavored Water ($36.9M), and Wheat ($18.6M). Over the past 5 years the exports of Serbia to Albania have increased at an annualized rate of 10.6%, from $230M in 2018 to $381M in 2023.

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 2023, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Albania exported $188M to Serbia. The main products exported from Albania to Serbia were Raw Iron Bars ($23M), Tomatoes ($13.5M), and Cement ($11.2M). During the last 5 years the exports of Albania to Serbia have increased at an annualized rate of 15.6%, from $90.7M in 2018 to $188M in 2023.

In 2018, Serbia exported $381M to Albania. The main products exported from Serbia to Albania were Electricity ($39.8M), Flavored Water ($36.9M), and Wheat ($18.6M). During the last 5 years the exports of Serbia to Albania have increased at an annualized rate of 10.6%, from $230M in 2023 to $381M in 2018.

Exports from Albania () to Serbia () (2023)

Exports from Serbia () to Albania () (2023)

Latest Data

Trade between Albania () and Serbia ()

Albania Exports

Date

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.72B

Serbia
Top DestinationGermany$4.76B

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 2023, countries that imported more from Albania than Serbia included Greece ($409M), Senegal ($14.9M), and Italy ($1.72B).

In 2023, countries that imported more from Serbia than Albania included Germany ($4.76B), Hungary ($2.26B), and Bosnia and Herzegovina ($1.77B).

Difference in imports from Serbia () and Albania () (2023)

Comparative Advantage Albania - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Albania had a large net trade with Serbia in the exports of Vegetable Products ($35.7M), Chemical Products ($33.2M), and Metals ($32.3M).

During 2018, Serbia had a large net trade with Albania in the exports of Foodstuffs ($89.8M), Vegetable Products ($45.4M), and Metals ($43.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Serbia+$2.68MElectricity

Top Product Potential Serbia Albania+$4.21MInsulated Wire

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Albania () to Serbia () (2023)

Exports from Serbia () to Albania () (2023)

Latest Data

Trade between Albania () and Serbia ()

Albania Exports

Serbia Exports

Market Competitiveness

Difference in imports from Serbia () and Albania () (2023)

Comparative Advantage Albania - Serbia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Albania () and Serbia () (2023)

Keep Exploring