2021
Flag  
GDP
$4.26TCURRENT US$
Rnk 4 / 204
2011-2021
Flag
GDP GROWTH
13.6%CURRENT US$
Rnk 130 / 204
2021
Flag
 GDP
$63.1BCURRENT US$
Rnk 83 / 204
2011-2021
Flag
GDP GROWTH
28.1%CURRENT US$
Rnk 98 / 204
2021
Flag
GDP PC 
$51,204CURRENT US$
Rnk 26 / 204
2011-2021
Flag
GDP PC GROWTH
9.63%CURRENT US$
Rnk 116 / 204
2021
Flag
GDP PC
$9,230CURRENT US$
Rnk 91 / 204
2011-2021
Flag
GDP PC GROWTH
35.6%CURRENT US$
Rnk 53 / 204

About

Germany-Serbia In 2021, Germany exported $4.54B to Serbia. The main products that Germany exported to Serbia are Copper Wire ($225M), Cars ($221M), and Insulated Wire ($143M). During the last 15 years the exports of Germany to Serbia have increased at an annualized rate of 7.16%, from $1.61B in 2006 to $4.54B in 2021.

In 2021, Germany did not export any services to Serbia.

Serbia-Germany In 2021, Serbia exported $3.27B to Germany. The main products that Serbia exported to Germany were Insulated Wire ($534M), Electric Motors ($245M), and Electric Motor Parts ($194M). During the last 15 years the exports of Serbia to Germany have increased at an annualized rate of 11%, from $681M in 2006 to $3.27B in 2021.

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 2021,  Germany ranked 5 in the Economic Complexity Index (ECI 1.81), and 3 in total exports ($1.56T). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.74), and 70 in total exports ($26.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Germany exported $4.54B to Serbia. The main products exported from Germany to Serbia were Copper Wire ($225M), Cars ($221M), and Insulated Wire ($143M). During the last 15 years the exports of Germany to Serbia have increased at an annualized rate of 7.16%, from $1.61B in 2006 to $4.54B in 2021.

In 2021, Serbia exported $3.27B to Germany. The main products exported from Serbia to Germany were Insulated Wire ($534M), Electric Motors ($245M), and Electric Motor Parts ($194M). During the last 15 years the exports of Serbia to Germany have increased at an annualized rate of 11%, from $681M in 2006 to $3.27B in 2021.

Exports from Germany (Flag) to Serbia (Flag) (2021)

Exports from Serbia (Flag) to Germany (Flag) (2021)

Market Competitiveness

Color
Germany
Top Destination
United States$135B
Serbia
Top Destination
Germany$3.27B

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 ($135B), China ($121B), and France ($119B).

In 2021, countries that imported more from Serbia than Germany were Montenegro ($961M), Bosnia and Herzegovina ($1.83B), and Bahrain ($2.25M).

Difference in imports from Serbia (Flag) and Germany (Flag) (2021)

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 2021, Germany had a large net trade with Serbia in the exports of Machines ($1.42B), Metals ($621M), and Chemical Products ($578M).

During 2021, Serbia had a large net trade with Germany in the exports of Machines ($1.48B), Metals ($341M), and Vegetable Products ($284M).

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) (2021)

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