Indonesia / Serbia

Indonesia-Serbia Trade: In 2023, Indonesia exported $223M to Serbia. The main products that Indonesia exported to Serbia were Lignite ($161M), Rubber ($8.43M), and Palm Oil ($7.97M). Over the past 5 years the exports of Indonesia to Serbia have increased at an annualized rate of 32.9%, from $53.8M in 2018 to $223M in 2023.

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

Serbia-Indonesia Trade: In 2023, Serbia exported $10.2M to Indonesia. The main products that Serbia exported to Indonesia were Explosive Ammunition ($2.69M), Other Edible Preparations ($1.72M), and Washing and Bottling Machines ($948k). Over the past 5 years the exports of Serbia to Indonesia have decreased at an annualized rate of 22.6%,  from $36.9M in 2018 to $10.2M in 2023.

In 2009, Serbia exported services to Indonesia worth $2.1M, with Other business services ($1.37M), Compensation of employees ($227k), and Workers' remittances ($190k) being the largest in terms of value.

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).