Iran (IRN) and Serbia (SRB) Trade | The Observatory of Economic Complexity

About

Iran-Serbia In 2022, Iran exported $56.3M to Serbia. The main products that Iran exported to Serbia are Styrene Polymers ($23.3M), Ethylene Polymers ($15.3M), and Refined Petroleum ($3.06M). During the last 16 years the exports of Iran to Serbia have increased at an annualized rate of 17.3%, from $4.4M in 2006 to $56.3M in 2022.

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

Serbia-Iran In 2022, Serbia exported $2.89M to Iran. The main products that Serbia exported to Iran were Boron ($410k), Gaskets ($379k), and Corn ($317k). During the last 16 years the exports of Serbia to Iran have decreased at an annualized rate of 6.77%, from $8.86M in 2006 to $2.89M 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 58 in the Economic Complexity Index (ECI 0.071), and 86 in total exports ($15.9B). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iran exported $56.3M 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 16 years the exports of Iran to Serbia have increased at an annualized rate of 17.3%, from $4.4M in 2006 to $56.3M in 2022.

In 2022, Serbia exported $2.89M to Iran. The main products exported from Serbia to Iran were Boron ($410k), Gaskets ($379k), and Corn ($317k). During the last 16 years the exports of Serbia to Iran have decreased at an annualized rate of 6.77%, from $8.86M in 2006 to $2.89M in 2022.

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

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

Latest Data

Trade between Iran () and Serbia ()

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$5.72B

Serbia
Top DestinationGermany$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 2021, countries that imported more from Iran than Serbia were China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

In 2021, countries that imported more from Serbia than Iran were Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

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

Comparative Advantage Iran - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Serbia had a large net trade with Iran in the exports of Machines ($870k), Vegetable Products ($715k), and Chemical Products ($470k).

Service Trade

Bilateral Service Trade

Srb Year

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.

Service trade data is presented based on availability.

Services Exports from Serbia () to Iran () (2009)

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Iran () and Serbia ()

Serbia Exports

Market Competitiveness

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

Comparative Advantage Iran - Serbia

Service Trade

Bilateral Service Trade

Services Exports from Serbia () to Iran () (2009)

Economic Complexity

Competitive Landscape

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

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