2022
Flag  
GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC 
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
Rnk 32 / 186

About

Germany-Serbia In 2022, Germany exported $4.74B to Serbia. The main products that Germany exported to Serbia are Copper Wire ($254M), Packaged Medicaments ($241M), and Cars ($213M). During the last 16 years the exports of Germany to Serbia have increased at an annualized rate of 6.99%, from $1.61B in 2006 to $4.74B in 2022.

In 2022, Germany did not export any services to Serbia.

Serbia-Germany In 2022, Serbia exported $4B to Germany. The main products that Serbia exported to Germany were Insulated Wire ($550M), Electric Motors ($398M), and Electric Motor Parts ($286M). During the last 16 years the exports of Serbia to Germany have increased at an annualized rate of 11.7%, from $681M in 2006 to $4B in 2022.

In 2019, Serbia exported services to Germany worth $708M, with Other business services ($250M), Transportation ($146M), and Computer and information services ($122M) being the largest in terms of value.

Comparison In 2022,  Germany ranked 3 in the Economic Complexity Index (ECI 1.75), and 3 in total exports ($1.6T). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $4.74B to Serbia. The main products exported from Germany to Serbia were Copper Wire ($254M), Packaged Medicaments ($241M), and Cars ($213M). During the last 16 years the exports of Germany to Serbia have increased at an annualized rate of 6.99%, from $1.61B in 2006 to $4.74B in 2022.

In 2022, Serbia exported $4B to Germany. The main products exported from Serbia to Germany were Insulated Wire ($550M), Electric Motors ($398M), and Electric Motor Parts ($286M). During the last 16 years the exports of Serbia to Germany have increased at an annualized rate of 11.7%, from $681M in 2006 to $4B in 2022.

Exports from Germany (Flag) to Serbia (Flag) (2022)

Exports from Serbia (Flag) to Germany (Flag) (2022)

Market Competitiveness

Color
Germany
Top Destination
United States$153B
Serbia
Top Destination
Germany$4B

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

In 2021, countries that imported more from Germany than Serbia were United States ($153B), France ($120B), and Netherlands ($109B).

In 2021, countries that imported more from Serbia than Germany were Montenegro ($1.15B) and Bosnia and Herzegovina ($2.14B).

Difference in imports from Serbia (Flag) and Germany (Flag) (2022)

Comparative Advantage Germany - Serbia

Flow
Scale

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

During 2022, Germany had a large net trade with Serbia in the exports of Machines ($1.39B), Chemical Products ($638M), and Metals ($633M).

During 2022, Serbia had a large net trade with Germany in the exports of Machines ($1.84B), Metals ($406M), and Transportation ($404M).

Service Trade

Bilateral Service Trade

In 2019, Serbia exported services to Germany worth $708M, with Other business services ($250M), Transportation ($146M), and Computer and information services ($122M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia (Flag) to Germany (Flag) (2019)

Economic Complexity

Competitive Landscape

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

Product Space of Germany (Flag) and Serbia (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with