2021
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GDP
$285BCURRENT US$
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2011-2021
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GDP GROWTH
48.2%CURRENT US$
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2021
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 GDP
$63.1BCURRENT US$
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2011-2021
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GDP GROWTH
28.1%CURRENT US$
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2021
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GDP PC 
$14,927CURRENT US$
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2011-2021
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GDP PC GROWTH
56.1%CURRENT US$
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2021
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GDP PC
$9,230CURRENT US$
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2011-2021
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GDP PC GROWTH
35.6%CURRENT US$
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About

Romania-Serbia In 2021, Romania exported $1.14B to Serbia. The main products that Romania exported to Serbia are Electricity ($190M), Refined Petroleum ($69.7M), and Hot-Rolled Iron ($58.3M). During the last 15 years the exports of Romania to Serbia have increased at an annualized rate of 6.63%, from $437M in 2006 to $1.14B in 2021.

In 2021, Romania did not export any services to Serbia.

Serbia-Romania In 2021, Serbia exported $1.43B to Romania. The main products that Serbia exported to Romania were Corn ($302M), Wheat ($130M), and Insulated Wire ($117M). During the last 15 years the exports of Serbia to Romania have increased at an annualized rate of 15%, from $177M in 2006 to $1.43B in 2021.

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 2021,  Romania ranked 26 in the Economic Complexity Index (ECI 1.07), and 42 in total exports ($90.8B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.74), and 70 in total exports ($26.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Romania exported $1.14B to Serbia. The main products exported from Romania to Serbia were Electricity ($190M), Refined Petroleum ($69.7M), and Hot-Rolled Iron ($58.3M). During the last 15 years the exports of Romania to Serbia have increased at an annualized rate of 6.63%, from $437M in 2006 to $1.14B in 2021.

In 2021, Serbia exported $1.43B to Romania. The main products exported from Serbia to Romania were Corn ($302M), Wheat ($130M), and Insulated Wire ($117M). During the last 15 years the exports of Serbia to Romania have increased at an annualized rate of 15%, from $177M in 2006 to $1.43B in 2021.

Exports from Romania (Flag) to Serbia (Flag) (2021)

Exports from Serbia (Flag) to Romania (Flag) (2021)

Latest Data

Trade between Romania (Flag) and Serbia (Flag)

Romania Exports

Serbia Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$17.7B
Serbia
Top Destination
Germany$3.27B

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 ($17.7B), Italy ($8.85B), and France ($5.5B).

In 2021, countries that imported more from Serbia than Romania were Bosnia and Herzegovina ($1.83B), Montenegro ($961M), and North Macedonia ($976M).

Difference in imports from Serbia (Flag) and Romania (Flag) (2021)

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 2021, Romania had a large net trade with Serbia in the exports of Mineral Products ($334M), Machines ($176M), and Metals ($174M).

During 2021, Serbia had a large net trade with Romania in the exports of Vegetable Products ($478M), Machines ($189M), and Chemical Products ($153M).

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) (2021)

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