2022
Flag  
GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 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 
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 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

Portugal-Serbia In 2022, Portugal exported $67.3M to Serbia. The main products that Portugal exported to Serbia are Insulated Wire ($9.47M), Processed Tomatoes ($6.03M), and Plastic Coated Textile Fabric ($5.4M). During the last 16 years the exports of Portugal to Serbia have increased at an annualized rate of 14.8%, from $7.35M in 2006 to $67.3M in 2022.

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

Serbia-Portugal In 2022, Serbia exported $46M 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). During the last 16 years the exports of Serbia to Portugal have increased at an annualized rate of 7.85%, from $13.7M in 2006 to $46M 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).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $67.3M 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 16 years the exports of Portugal to Serbia have increased at an annualized rate of 14.8%, from $7.35M in 2006 to $67.3M in 2022.

In 2022, Serbia exported $46M 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 16 years the exports of Serbia to Portugal have increased at an annualized rate of 7.85%, from $13.7M in 2006 to $46M in 2022.

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

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

Market Competitiveness

Color
Portugal
Top Destination
Spain$20.5B
Serbia
Top Destination
Germany$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 2021, countries that imported more from Portugal than Serbia were Spain ($20.5B), France ($9.49B), and United States ($5.66B).

In 2021, countries that imported more from Serbia than Portugal were 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 2022, 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).

Service Trade

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)

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with