2021
Flag  
GDP
$1.84TCURRENT US$
Rnk 10 / 204
2011-2021
Flag
GDP GROWTH
-10.2%CURRENT US$
Rnk 187 / 204
2021
Flag
 GDP
$63.1BCURRENT US$
Rnk 83 / 204
2011-2021
Flag
GDP GROWTH
28.1%CURRENT US$
Rnk 98 / 204
2021
Flag
GDP PC 
$12,593CURRENT US$
Rnk 76 / 204
2011-2021
Flag
GDP PC GROWTH
-12%CURRENT US$
Rnk 170 / 204
2021
Flag
GDP PC
$9,230CURRENT US$
Rnk 91 / 204
2011-2021
Flag
GDP PC GROWTH
35.6%CURRENT US$
Rnk 53 / 204

About

Russia-Serbia In 2021, Russia exported $1.65B to Serbia. The main products that Russia exported to Serbia are Petroleum Gas ($481M), Crude Petroleum ($331M), and Mixed Mineral or Chemical Fertilizers ($58.6M). During the last 15 years the exports of Russia to Serbia have decreased at an annualized rate of 1.49%, from $2.06B in 2006 to $1.65B in 2021.

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 2021, Serbia exported $1.07B to Russia. The main products that Serbia exported to Russia were Apples and Pears ($96.2M), Cellulose Fibers Paper ($84.7M), and Rubber Tires ($81.7M). During the last 15 years the exports of Serbia to Russia have increased at an annualized rate of 7.39%, from $366M in 2006 to $1.07B in 2021.

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 2021,  Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B). 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, Russia exported $1.65B to Serbia. The main products exported from Russia to Serbia were Petroleum Gas ($481M), Crude Petroleum ($331M), and Mixed Mineral or Chemical Fertilizers ($58.6M). During the last 15 years the exports of Russia to Serbia have decreased at an annualized rate of 1.49%, from $2.06B in 2006 to $1.65B in 2021.

In 2021, Serbia exported $1.07B to Russia. The main products exported from Serbia to Russia were Apples and Pears ($96.2M), Cellulose Fibers Paper ($84.7M), and Rubber Tires ($81.7M). During the last 15 years the exports of Serbia to Russia have increased at an annualized rate of 7.39%, from $366M in 2006 to $1.07B in 2021.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$70.9B
Serbia
Top Destination
Germany$3.27B

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 2021, countries that imported more from Russia than Serbia were China ($70.9B), Netherlands ($39B), and United States ($27.4B).

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

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

Comparative Advantage Russia - Serbia

Flow
Scale

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

During 2021, Russia had a large net trade with Serbia in the exports of Mineral Products ($916M), Chemical Products ($189M), and Machines ($117M).

During 2021, Serbia had a large net trade with Russia in the exports of Vegetable Products ($205M), Machines ($146M), and Plastics and Rubbers ($143M).

Service Trade

Bilateral Service Trade

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.

Services Exports from Russia (Flag) to Serbia (Flag) (2020)

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

Product Space of Russia (Flag) and Serbia (Flag) (2021)

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