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2022
Flag → Flag
Exports $158MRnk 97 / 211
2022
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Top Product $12.4MCars
2022
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Exports $125MRnk 32 / 174
2022
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Top Product $87MRolled Tobacco
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
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GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
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2022
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 GDP$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
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GDP GROWTH46.6%CURRENT US$
Rnk 71 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
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GDP PC$9,394CURRENT US$
Rnk 80 / 186
2012-2022
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GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

Japan-Serbia Trade: In 2022, Japan exported $158M to Serbia. The main products that Japan exported to Serbia were Cars ($12.4M), Lifting Machinery ($9.28M), and Industrial Printers ($5.48M). Over the past 5 years the exports of Japan to Serbia have increased at an annualized rate of 13.7%, from $83M in 2017 to $158M in 2022.

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

Serbia-Japan Trade: In 2022, Serbia exported $125M to Japan. The main products that Serbia exported to Japan were Rolled Tobacco ($87M), Other Edible Preparations ($7.52M), and Peptones ($4.19M). Over the past 5 years the exports of Serbia to Japan have increased at an annualized rate of 10.2%,  from $77.1M in 2017 to $125M in 2022.

In 2019, Serbia exported services to Japan worth $39.2M, with Computer and information services ($35.8M), Personal, cultural, and recreational services ($1.12M), and Travel ($1.12M) being the largest in terms of value.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Latest Trends

August, 2024

About

Overview In August 2024, Japan exported ¥301M and imported ¥3.59B from Serbia, resulting in a negative trade balance of ¥3.29B. Between August 2023 and August 2024 the exports of Japan have decreased by ¥-659M (-68.6%) from ¥960M to ¥301M, while imports decreased by ¥-43M (-1.18%) from ¥3.63B to ¥3.59B.

Trade In August 2024, the top exports of Japan to Serbia were Machinery Having Individual Functions (¥149M), Other Paper Machinery (¥77.9M), Metalworking Transfer Machines (¥59.1M), Air Pumps (¥53.2M), and Cars (¥51.7M). In August 2024 the top imports of Japan from Serbia were Rolled Tobacco (¥4.82B), Peptones (¥178M), Animal Food (¥149M), Other Edible Preparations (¥137M), and Air Pumps (¥78.4M).

Origins In August 2024 the exports of Japan were mainly from Tottori (¥99.7M), Osaka (¥97.3M), Kanagawa (¥37.2M), Hyōgo (¥24.2M), and Tokyo (¥11.7M), while imports destinations were mainly Tokyo (¥3.01B), Hyōgo (¥369M), Chiba (¥63M), Kanagawa (¥56.5M), and Aichi (¥55.2M).

Growth In August 2024, the decrease in Japan's year-by-year exports to Serbia was explained primarily by an decrease in product exports in Commodities not elsewhere specified (¥-112M or -81%), Synthetic Rubber (¥-63.5M or -98.7%), and Electric Musical Instruments (¥-1.79M or -59.9%). In August 2024, the decrease in Japan's year-by-year imports  from Serbia was explained primarily by an decrease in product imports  in Rolled Tobacco (¥-980M or -16.9%), Leather Footwear (¥-8.79M or -51.8%), and Air Pumps (¥-6.23M or -7.37%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)¥-659M(-68.6%)
IMPORT GROWTH (August 2023 - August 2024)¥-43M(-1.18%)
MAIN EXPORTER (August 2024)Tottori¥99.7M

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

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

For full datasets download visit Bulk Download page.

Explore Serbia and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $158M to Serbia. The main products exported from Japan to Serbia were Cars ($12.4M), Lifting Machinery ($9.28M), and Industrial Printers ($5.48M). During the last 5 years the exports of Japan to Serbia have increased at an annualized rate of 13.7%, from $83M in 2017 to $158M in 2022.

In 2017, Serbia exported $125M to Japan. The main products exported from Serbia to Japan were Rolled Tobacco ($87M), Other Edible Preparations ($7.52M), and Peptones ($4.19M). During the last 5 years the exports of Serbia to Japan have increased at an annualized rate of 10.2%, from $77.1M in 2022 to $125M in 2017.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Japan than Serbia included United States ($137B), China ($135B), and South Korea ($50.8B).

In 2022, countries that imported more from Serbia than Japan included Bosnia and Herzegovina ($2.14B), Croatia ($1.25B), and Montenegro ($1.15B).

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

Comparative Advantage Japan - Serbia

Flow
Scale

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

During 2022, Japan had a large net trade with Serbia in the exports of Machines ($87.9M), Transportation ($18.5M), and Plastics and Rubbers ($17.8M).

During 2017, Serbia had a large net trade with Japan in the exports of Foodstuffs ($102M), Textiles ($5.07M), and Vegetable Products ($4.79M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Serbia+$25.2MCars
Top Product Potential Serbia Japan+$4.03MOther Edible Preparations

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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Bilateral Service Trade

In 2019, Serbia exported services to Japan worth $39.2M, with Computer and information services ($35.8M), Personal, cultural, and recreational services ($1.12M), and Travel ($1.12M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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