Serbia (SRB) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Serbia-Russia In 2022, Serbia exported $1.19B to Russia. The main products that Serbia exported to Russia are Apples and Pears ($75.5M), Refrigerators ($74.5M), and Knit Socks and Hosiery ($69.3M). During the last 16 years the exports of Serbia to Russia have increased at an annualized rate of 7.68%, from $366M in 2006 to $1.19B in 2022.

In 2019, Serbia exported services to Russia worth $237M, with Construction services ($86.2M), Transportation ($54.9M), and Other business services ($53.7M) being the largest in terms of value.

Russia-Serbia In 2022, Russia exported $3.05B to Serbia. The main products that Russia exported to Serbia were Crude Petroleum ($1.05B), Petroleum Gas ($1.01B), and Nitrogenous Fertilizers ($207M). During the last 16 years the exports of Russia to Serbia have increased at an annualized rate of 2.48%, from $2.06B in 2006 to $3.05B in 2022.

In 2020, Russia exported services to Serbia worth $240M, with Construction services ($104M), Other business services ($82.9M), and Transportation ($20.3M) being the largest in terms of value.

Comparison In 2022, Serbia ranked 35 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Serbia exported $1.19B to Russia. The main products exported from Serbia to Russia were Apples and Pears ($75.5M), Refrigerators ($74.5M), and Knit Socks and Hosiery ($69.3M). During the last 16 years the exports of Serbia to Russia have increased at an annualized rate of 7.68%, from $366M in 2006 to $1.19B in 2022.

In 2022, Russia exported $3.05B to Serbia. The main products exported from Russia to Serbia were Crude Petroleum ($1.05B), Petroleum Gas ($1.01B), and Nitrogenous Fertilizers ($207M). During the last 16 years the exports of Russia to Serbia have increased at an annualized rate of 2.48%, from $2.06B in 2006 to $3.05B in 2022.

Exports from Serbia () to Russia () (2022)

Exports from Russia () to Serbia () (2022)

Latest Data

Trade between Serbia () and Russia ()

Serbia Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4B

Russia
Top DestinationChina$101B

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

In 2021, countries that imported more from Serbia than Russia were Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and Croatia ($1.25B).

In 2021, countries that imported more from Russia than Serbia were China ($101B), India ($40.4B), and Turkey ($25.3B).

Difference in imports from Russia () and Serbia () (2022)

Comparative Advantage Serbia - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Serbia had a large net trade with Russia in the exports of Machines ($275M), Vegetable Products ($206M), and Textiles ($153M).

During 2022, Russia had a large net trade with Serbia in the exports of Mineral Products ($2.22B), Chemical Products ($408M), and Foodstuffs ($89.8M).

Service Trade

Bilateral Service Trade

Rus Year

Srb Year

In 2019, Serbia exported services to Russia worth $237M, with Construction services ($86.2M), Transportation ($54.9M), and Other business services ($53.7M) being the largest in terms of value.

In 2020, Russia exported services to Serbia worth $240M, with Construction services ($104M), Other business services ($82.9M), and Transportation ($20.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia () to Russia () (2019)

Services Exports from Russia () to Serbia () (2020)

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Serbia () to Russia () (2022)

Exports from Russia () to Serbia () (2022)

Latest Data

Trade between Serbia () and Russia ()

Serbia Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Serbia () (2022)

Comparative Advantage Serbia - Russia

Service Trade

Bilateral Service Trade

Services Exports from Serbia () to Russia () (2019)

Services Exports from Russia () to Serbia () (2020)

Economic Complexity

Competitive Landscape

Product Space of Serbia () and Russia () (2022)

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