2022
Flag  
GDP
$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH
-39.7%CURRENT US$
Rnk 183 / 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 
$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH
-47.3%CURRENT US$
Rnk 183 / 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

Iran-Serbia Trade: In 2022, Iran exported $16M to Serbia. The main products that Iran exported to Serbia were Styrene Polymers ($23.3M), Ethylene Polymers ($15.3M), and Refined Petroleum ($3.06M). Over the past 5 years the exports of Iran to Serbia have increased at an annualized rate of 29.5%, from $4.4M in 2017 to $16M in 2022.

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

Serbia-Iran Trade: In 2022, Serbia exported $15.8M to Iran. The main products that Serbia exported to Iran were Boron ($410k), Gaskets ($379k), and Corn ($317k). Over the past 5 years the exports of Serbia to Iran have increased at an annualized rate of 12.3%,  from $8.86M in 2017 to $15.8M in 2022.

In 2009, Serbia exported services to Iran worth $138k, with Compensation of employees ($113k), Workers' remittances ($49.4k), and Personal, cultural, and recreational services ($25.2k) being the largest in terms of value.

Comparison: In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). That same year, Serbia ranked 36 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, Iran exported $16M to Serbia. The main products exported from Iran to Serbia were Styrene Polymers ($23.3M), Ethylene Polymers ($15.3M), and Refined Petroleum ($3.06M). During the last 5 years the exports of Iran to Serbia have increased at an annualized rate of 29.5%, from $4.4M in 2017 to $16M in 2022.

In 2017, Serbia exported $15.8M to Iran. The main products exported from Serbia to Iran were Boron ($410k), Gaskets ($379k), and Corn ($317k). During the last 11 years the exports of Serbia to Iran have increased at an annualized rate of 12.3%, from $8.86M in 2006 to $15.8M in 2017.

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

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

Latest Data

Trade between Iran (Flag) and Serbia (Flag)

Serbia Exports

Market Competitiveness

Color
Iran
Top Destination
China$5.72B
Serbia
Top Destination
Germany$4B

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

In 2022, countries that imported more from Iran than Serbia included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

In 2022, countries that imported more from Serbia than Iran included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

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

Comparative Advantage Iran - Serbia

Flow
Scale

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

During 2022, Iran had a large net trade with Serbia in the exports of Plastics and Rubbers ($40M), Metals ($5.03M), and Mineral Products ($3.58M).

During 2017, Serbia had a large net trade with Iran in the exports of Machines ($870k), Vegetable Products ($715k), and Chemical Products ($470k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran Serbia+$5.14MEthylene Polymers
Top Product Potential Serbia Iran+$1.25MCorn

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iran and Serbia. This means that a dot/product with the flag of Iran indicates it has a comparative advantage over Serbia. Similarly, a dot/product with the flag of Serbia indicates it has a comparative advantage over Iran.

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

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