NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $2.64BRnk 45 / 219
2023
Flag → Flag
Top Product $151MTanned Equine and Bovine Hides
2023
Flag → Flag
Exports $1.72BRnk 4 / 184
2023
Flag → Flag
Top Product $116MFootwear Parts
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 35 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$12,282CURRENT US$
Rnk 82 / 196
2013-2023
Flag
GDP PC GROWTH74.4%CURRENT US$
Rnk 20 / 195

About

Italy-Serbia Trade: In 2023, Italy exported $2.64B to Serbia. The main products that Italy exported to Serbia were Tanned Equine and Bovine Hides ($151M), Raw Copper ($48.5M), and Machinery Having Individual Functions ($47.5M). Over the past 5 years the exports of Italy to Serbia have increased at an annualized rate of 2.64%, from $2.31B in 2018 to $2.64B in 2023.

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

Serbia-Italy Trade: In 2023, Serbia exported $1.72B to Italy. The main products that Serbia exported to Italy were Footwear Parts ($116M), Rubber Tires ($88.2M), and Wheat ($70.2M). Over the past 5 years the exports of Serbia to Italy have decreased at an annualized rate of 5.51%,  from $2.28B in 2018 to $1.72B in 2023.

In 2019, Serbia exported services to Italy worth $193M, with Transportation ($64.9M), Other business services ($59.3M), and Travel ($28M) being the largest in terms of value.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €219M and imported €91M from Serbia, resulting in a positive trade balance of €128M. Between October 2023 and October 2024 the exports of Italy have increased by €44.2M (25.2%) from €175M to €219M, while imports decreased by €-8.15M (-8.22%) from €99.2M to €91M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€44.2M(25.2%)
IMPORT GROWTH (October 2023 - October 2024)€-8.15M(-8.22%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Serbia and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Serbia and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $2.64B to Serbia. The main products exported from Italy to Serbia were Tanned Equine and Bovine Hides ($151M), Raw Copper ($48.5M), and Machinery Having Individual Functions ($47.5M). During the last 5 years the exports of Italy to Serbia have increased at an annualized rate of 2.64%, from $2.31B in 2018 to $2.64B in 2023.

In 2018, Serbia exported $1.72B to Italy. The main products exported from Serbia to Italy were Footwear Parts ($116M), Rubber Tires ($88.2M), and Wheat ($70.2M). During the last 5 years the exports of Serbia to Italy have decreased at an annualized rate of 5.51%, from $2.28B in 2023 to $1.72B in 2018.

Exports from Italy (Flag) to Serbia (Flag) (2023)

Exports from Serbia (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Serbia
Top DestinationGermany$4.76B

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

In 2023, countries that imported more from Italy than Serbia included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

In 2023, countries that imported more from Serbia than Italy included Montenegro ($995M), North Macedonia ($932M), and Saint Barthélemy ($13.9k).

Difference in imports from Serbia (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Serbia

Flow
Scale

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

During 2023, Italy had a large net trade with Serbia in the exports of Machines ($578M), Metals ($376M), and Textiles ($266M).

During 2018, Serbia had a large net trade with Italy in the exports of Textiles ($279M), Machines ($269M), and Plastics and Rubbers ($188M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Serbia+$46.3MPackaged Medicaments
Top Product Potential Serbia Italy+$37.8MInsulated Wire

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2019, Serbia exported services to Italy worth $193M, with Transportation ($64.9M), Other business services ($59.3M), and Travel ($28M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia (Flag) to Italy (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Serbia (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms