Flag Russia / Serbia Flag

2020
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Exports
: $1.26B, Rnk 47 / 187

2020
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Top Product
: $343M, Petroleum Gas

2020
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Exports
: $976M, Rnk 5 / 170

2020
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Top Product
: $109M, Apples and Pears

2020
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Economic Complexity (ECI)
: ECI 0.5, Rnk 43 / 127

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

2020
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GDP
: $1.48T, CURRENT US$
Rnk 11 / 195

2010-2020
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GDP GROWTH
: -2.72%, CURRENT US$
Rnk 164 / 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 
: $10,127, CURRENT US$
Rnk 70 / 195

2010-2020
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GDP PC GROWTH
: -5.14%, CURRENT US$
Rnk 154 / 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

Russia-Serbia In 2020, Russia exported $1.26B to Serbia. The main products that Russia exported to Serbia are Petroleum Gas ($343M), Crude Petroleum ($303M), and Aircraft Parts ($61.3M). During the last 14 years the exports of Russia to Serbia have decreased at an annualized rate of 3.48%, from $2.06B in 2006 to $1.26B in 2020.

In 2020, Russia exported services to Serbia worth $240M, with Construction services ($104M), Other business services ($82.9M), and Transportation ($20.3M) being the largest in terms of value.

Serbia-Russia In 2020, Serbia exported $976M to Russia. The main products that Serbia exported to Russia were Apples and Pears ($109M), Rubber Tires ($70.2M), and Knit Socks and Hosiery ($68.1M). During the last 14 years the exports of Serbia to Russia have increased at an annualized rate of 7.26%, from $366M in 2006 to $976M in 2020.

In 2019, Serbia exported services to Russia worth $237M, with Construction services ($86.2M), Transportation ($54.9M), and Other business services ($53.7M) being the largest in terms of value.

Comparison In 2020,  Russia ranked 43 in the Economic Complexity Index (ECI 0.5), and 13 in total exports ($330B). 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, Russia exported $1.26B to Serbia. The main products exported from Russia to Serbia were Petroleum Gas ($343M), Crude Petroleum ($303M), and Aircraft Parts ($61.3M). During the last 14 years the exports of Russia to Serbia have decreased at an annualized rate of 3.48%, from $2.06B in 2006 to $1.26B in 2020.

In 2020, Serbia exported $976M to Russia. The main products exported from Serbia to Russia were Apples and Pears ($109M), Rubber Tires ($70.2M), and Knit Socks and Hosiery ($68.1M). During the last 14 years the exports of Serbia to Russia have increased at an annualized rate of 7.26%, from $366M in 2006 to $976M in 2020.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $49.3B

Serbia
Top Destination
: Germany, $2.55B

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

In 2019, countries that imported more from Russia than Serbia were China ($49.3B), United Kingdom ($25.3B), and Netherlands ($22.5B).

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

Comparative Advantage Russia - Serbia

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Flow

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

During 2020, Russia had a large net trade with Serbia in the exports of Mineral Products ($691M), Chemical Products ($111M), and Foodstuffs ($91.7M).

During 2020, Serbia had a large net trade with Russia in the exports of Vegetable Products ($272M), Machines ($129M), and Plastics and Rubbers ($115M).

Bilateral Service Trade

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In 2020, Russia exported services to Serbia worth $240M, with Construction services ($104M), Other business services ($82.9M), and Transportation ($20.3M) being the largest in terms of value.

In 2019, Serbia exported services to Russia worth $237M, with Construction services ($86.2M), Transportation ($54.9M), and Other business services ($53.7M) 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 Russia has comparative advantage over Serbia. Similarly, the more yellow a dot/product is, the more Serbia has comparative advantage over Russia.