New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

2022
Flag → Flag
Exports $67.3MRnk 67 / 208
2022
Flag → Flag
Top Product $9.47MInsulated Wire
2022
Flag → Flag
Exports $46MRnk 45 / 174
2022
Flag → Flag
Top Product $10MRubber Tires
2022
Flag
Economic Complexity (ECI) ECI 0.58Rnk 40 / 124
2022
Flag
Economic Complexity (ECI) ECI 0.75Rnk 35 / 124
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 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 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €5.06M and imported €3.06M from Serbia, resulting in a positive trade balance of €2.01M. Between January 2023 and January 2024 the exports of Portugal have increased by €1.02M (25.3%) from €4.04M to €5.06M, while imports increased by €562k (22.5%) from €2.5M to €3.06M.

Trade In January 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 January 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 January 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 January 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 (January 2023 - January 2024)€1.02M(25.3%)
IMPORT GROWTH (January 2023 - January 2024)€562k(22.5%)

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

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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 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 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)

Keep Exploring

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