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ExportsGermany-Serbia Trade: In 2022, Germany exported $2.84B to Serbia. The main products that Germany exported to Serbia were Copper Wire ($254M), Packaged Medicaments ($241M), and Cars ($213M). Over the past 5 years the exports of Germany to Serbia have increased at an annualized rate of 12%, from $1.61B in 2017 to $2.84B in 2022.
In 2022, Germany did not export any services to Serbia.
Serbia-Germany Trade: In 2022, Serbia exported $2.14B to Germany. The main products that Serbia exported to Germany were Insulated Wire ($550M), Electric Motors ($398M), and Electric Motor Parts ($286M). Over the past 5 years the exports of Serbia to Germany have increased at an annualized rate of 25.7%, from $681M in 2017 to $2.14B 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 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).
