2022
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GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
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 GDP
$63.5BCURRENT US$
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GDP GROWTH
46.6%CURRENT US$
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GDP PC 
$15,892CURRENT US$
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GDP PC GROWTH
77.9%CURRENT US$
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GDP PC
$9,394CURRENT US$
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GDP PC GROWTH
56.1%CURRENT US$
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About

Romania-Serbia In 2022, Romania exported $1.52B to Serbia. The main products that Romania exported to Serbia are Electricity ($457M), Refined Petroleum ($101M), and Hot-Rolled Iron ($52M). During the last 16 years the exports of Romania to Serbia have increased at an annualized rate of 8.09%, from $437M in 2006 to $1.52B in 2022.

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

Serbia-Romania In 2022, Serbia exported $1.31B to Romania. The main products that Serbia exported to Romania were Corn ($130M), Electricity ($120M), and Insulated Wire ($103M). During the last 16 years the exports of Serbia to Romania have increased at an annualized rate of 13.3%, from $177M in 2006 to $1.31B in 2022.

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 2022,  Romania ranked 22 in the Economic Complexity Index (ECI 1.05), and 43 in total exports ($99.5B). That same year, Serbia ranked 35 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, Romania exported $1.52B to Serbia. The main products exported from Romania to Serbia were Electricity ($457M), Refined Petroleum ($101M), and Hot-Rolled Iron ($52M). During the last 16 years the exports of Romania to Serbia have increased at an annualized rate of 8.09%, from $437M in 2006 to $1.52B in 2022.

In 2022, Serbia exported $1.31B to Romania. The main products exported from Serbia to Romania were Corn ($130M), Electricity ($120M), and Insulated Wire ($103M). During the last 16 years the exports of Serbia to Romania have increased at an annualized rate of 13.3%, from $177M in 2006 to $1.31B in 2022.

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

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

Latest Data

Trade between Romania (Flag) and Serbia (Flag)

Romania Exports

Serbia Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Serbia
Top Destination
Germany$4B

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 2021, countries that imported more from Romania than Serbia were Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2021, countries that imported more from Serbia than Romania were Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and North Macedonia ($1.03B).

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

Comparative Advantage Romania - Serbia

Flow
Scale

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

During 2022, Romania had a large net trade with Serbia in the exports of Mineral Products ($626M), Machines ($183M), and Metals ($177M).

During 2022, Serbia had a large net trade with Romania in the exports of Vegetable Products ($233M), Mineral Products ($197M), and Machines ($173M).

Service Trade

Bilateral Service Trade

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.

Services Exports from Serbia (Flag) to Romania (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 Romania has comparative advantage over Serbia. Similarly, the more yellow a dot/product is, the more Serbia has comparative advantage over Romania.

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

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