Flag Romania / Serbia Flag

2020
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Exports
: $823M, Rnk 20 / 194

2020
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Top Product
: $60M, Copper Ore

2020
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Exports
: $1.29B, Rnk 4 / 170

2020
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Top Product
: $450M, Corn

2020
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Economic Complexity (ECI)
: ECI 1.01, Rnk 26 / 127

2020
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Economic Complexity (ECI)
: ECI 0.68, Rnk 37 / 127

2020
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GDP
: $249B, CURRENT US$
Rnk 45 / 195

2010-2020
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GDP GROWTH
: 49.5%, CURRENT US$
Rnk 58 / 195

2020
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 GDP
: $53.3B, CURRENT US$
Rnk 86 / 195

2010-2020
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GDP GROWTH
: 27.5%, CURRENT US$
Rnk 101 / 195

2020
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GDP PC 
: $12,896, CURRENT US$
Rnk 62 / 195

2010-2020
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GDP PC GROWTH
: 57%, CURRENT US$
Rnk 25 / 195

2020
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GDP PC
: $7,721, CURRENT US$
Rnk 81 / 195

2010-2020
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GDP PC GROWTH
: 34.6%, CURRENT US$
Rnk 49 / 195

Romania-Serbia In 2020, Romania exported $823M to Serbia. The main products that Romania exported to Serbia are Copper Ore ($60M), Refined Petroleum ($48.8M), and Insulated Wire ($43.2M). During the last 14 years the exports of Romania to Serbia have increased at an annualized rate of 3.66%, from $498M in 2006 to $823M in 2020.

In 2020, Romania did not export any services to Serbia.

Serbia-Romania In 2020, Serbia exported $1.29B to Romania. The main products that Serbia exported to Romania were Corn ($450M), Insulated Wire ($98.2M), and Wheat ($54.5M). During the last 14 years the exports of Serbia to Romania have increased at an annualized rate of 14.7%, from $188M in 2006 to $1.29B in 2020.

In 2019, Serbia exported services to Romania worth $91.8M, with Transportation ($36.9M), Travel ($28M), and Other business services ($17.9M) being the largest in terms of value.

Comparison In 2020,  Romania ranked 26 in the Economic Complexity Index (ECI 1.01), and 41 in total exports ($73B). That same year, Serbia ranked 37 in the Economic Complexity Index (ECI 0.68), and 68 in total exports ($20.6B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Romania exported $823M to Serbia. The main products exported from Romania to Serbia were Copper Ore ($60M), Refined Petroleum ($48.8M), and Insulated Wire ($43.2M). During the last 14 years the exports of Romania to Serbia have increased at an annualized rate of 3.66%, from $498M in 2006 to $823M in 2020.

In 2020, Serbia exported $1.29B to Romania. The main products exported from Serbia to Romania were Corn ($450M), Insulated Wire ($98.2M), and Wheat ($54.5M). During the last 14 years the exports of Serbia to Romania have increased at an annualized rate of 14.7%, from $188M in 2006 to $1.29B in 2020.

Romania Exports

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Serbia Exports

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Market Competitiveness

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Measure

Romania
Top Destination
: Germany, $15.9B

Serbia
Top Destination
: Germany, $2.55B

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

In 2019, countries that imported more from Romania than Serbia were Germany ($15.9B), Italy ($7.45B), and France ($4.65B).

In 2019, countries that imported more from Serbia than Romania were Bosnia and Herzegovina ($1.37B), Montenegro ($779M), and North Macedonia ($739M).

Comparative Advantage Romania - Serbia

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Flow

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

During 2020, Romania had a large net trade with Serbia in the exports of Mineral Products ($160M), Machines ($145M), and Metals ($113M).

During 2020, Serbia had a large net trade with Romania in the exports of Vegetable Products ($555M), Machines ($158M), and Chemical Products ($91.3M).

Bilateral Service Trade

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In 2019, Serbia exported services to Romania worth $91.8M, with Transportation ($36.9M), Travel ($28M), and Other business services ($17.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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