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2022
Flag → Flag
Exports $42.8MRnk 67 / 208
2022
Flag → Flag
Top Product $9.47MInsulated Wire
2022
Flag → Flag
Exports $21.2MRnk 45 / 174
2022
Flag → Flag
Top Product $10MRubber Tires
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

Portugal-Serbia Trade: In 2022, Portugal exported $42.8M to Serbia. The main products that Portugal exported to Serbia were Insulated Wire ($9.47M), Processed Tomatoes ($6.03M), and Plastic Coated Textile Fabric ($5.4M). Over the past 5 years the exports of Portugal to Serbia have increased at an annualized rate of 42.2%, from $7.35M in 2017 to $42.8M in 2022.

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

Serbia-Portugal Trade: In 2022, Serbia exported $21.2M to Portugal. The main products that Serbia exported to Portugal were Rubber Tires ($10M), Cleaning Products ($5.85M), and Low-voltage Protection Equipment ($3.37M). Over the past 5 years the exports of Serbia to Portugal have increased at an annualized rate of 9.05%,  from $13.7M in 2017 to $21.2M in 2022.

In 2019, Serbia exported services to Portugal worth $7.84M, with Travel ($3.36M), Other business services ($2.24M), and Transportation ($1.12M) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Latest Trends

April, 2024

About

Overview In April 2024, Portugal exported €7.2M and imported €3.73M from Serbia, resulting in a positive trade balance of €3.48M. Between April 2023 and April 2024 the exports of Portugal have increased by €3.97M (123%) from €3.24M to €7.2M, while imports increased by €1.02M (37.7%) from €2.71M to €3.73M.

Trade In April 2024, the top exports of Portugal to Serbia were Electrical machinery and electronics (€1.17M), Coated, covered, & laminated fabrics for... (€900k), Plastics & articles thereof (€447k), Footwear (€275k), and Raw hides & skin (non-fur) (€257k). In April 2024 the top imports of Portugal from Serbia were Rubber & articles thereof (€892k), Plastics & articles thereof (€278k), Soap, cleaners, candles, dental, modelling pastes (€244k), Leather articles (€230k), and Raw hides & skin (non-fur) (€168k).

Growth In April 2024, the increase in Portugal's year-by-year exports to Serbia was explained primarily by an increase in product exports in Electrical machinery and electronics (€975k or 506%), Coated, covered, & laminated fabrics for... (€630k or 233%), and Footwear (€274k or 50.7k%). In April 2024, the increase in Portugal's year-by-year imports  from Serbia was explained primarily by an increase in product imports  in Raw hides & skin (non-fur) (€161k or 2.18k%), Pharmaceutical products (€82.4k or 146%), and Wood, wood articles, & charcoal (€45.8k or 170%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (April 2023 - April 2024)€3.97M(123%)
IMPORT GROWTH (April 2023 - April 2024)€1.02M(37.7%)

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

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

For full datasets download visit Bulk Download page.

Explore Serbia and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $42.8M to Serbia. The main products exported from Portugal to Serbia were Insulated Wire ($9.47M), Processed Tomatoes ($6.03M), and Plastic Coated Textile Fabric ($5.4M). During the last 5 years the exports of Portugal to Serbia have increased at an annualized rate of 42.2%, from $7.35M in 2017 to $42.8M in 2022.

In 2017, Serbia exported $21.2M to Portugal. The main products exported from Serbia to Portugal were Rubber Tires ($10M), Cleaning Products ($5.85M), and Low-voltage Protection Equipment ($3.37M). During the last 11 years the exports of Serbia to Portugal have increased at an annualized rate of 9.05%, from $13.7M in 2006 to $21.2M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Portugal than Serbia included Spain ($20.5B), France ($9.49B), and United States ($5.66B).

In 2022, countries that imported more from Serbia than Portugal included Bosnia and Herzegovina ($2.14B), Hungary ($1.69B), and Croatia ($1.25B).

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

Comparative Advantage Portugal - Serbia

Flow
Scale

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

During 2022, Portugal had a large net trade with Serbia in the exports of Machines ($22.1M), Textiles ($10.2M), and Foodstuffs ($8.54M).

During 2017, Serbia had a large net trade with Portugal in the exports of Plastics and Rubbers ($16.8M), Chemical Products ($8.46M), and Machines ($6.77M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Serbia+$2.97MInsulated Wire
Top Product Potential Serbia Portugal+$3.89MRubber Tires

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 Portugal worth $7.84M, with Travel ($3.36M), Other business services ($2.24M), and Transportation ($1.12M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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