2023
Flag  
GDP
$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH
61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
 GDP
$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH
84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
GDP PC 
$12,282CURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP PC GROWTH
74.4%CURRENT US$
Rnk 20 / 195
2023
Flag
GDP PC
$8,575CURRENT US$
Rnk 93 / 196
2013-2023
Flag
GDP PC GROWTH
94.3%CURRENT US$
Rnk 10 / 195

About

Serbia-Albania Trade: In 2023, Serbia exported $381M to Albania. The main products that Serbia exported to Albania were Electricity ($39.8M), Flavored Water ($36.9M), and Wheat ($18.6M). Over the past 5 years the exports of Serbia to Albania have increased at an annualized rate of 10.6%, from $230M in 2018 to $381M in 2023.

In 2009, Serbia exported services to Albania worth $8.79M, with Direct investment ($6.21M), Other business services ($993k), and Computer and information services ($392k) being the largest in terms of value.

Albania-Serbia Trade: In 2023, Albania exported $188M to Serbia. The main products that Albania exported to Serbia were Raw Iron Bars ($23M), Tomatoes ($13.5M), and Cement ($11.2M). Over the past 5 years the exports of Albania to Serbia have increased at an annualized rate of 15.6%,  from $90.7M in 2018 to $188M in 2023.

In 2023, Albania did not export any services to Serbia.

Comparison: In 2023,  Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Serbia exported $381M to Albania. The main products exported from Serbia to Albania were Electricity ($39.8M), Flavored Water ($36.9M), and Wheat ($18.6M). During the last 5 years the exports of Serbia to Albania have increased at an annualized rate of 10.6%, from $230M in 2018 to $381M in 2023.

In 2018, Albania exported $188M to Serbia. The main products exported from Albania to Serbia were Raw Iron Bars ($23M), Tomatoes ($13.5M), and Cement ($11.2M). During the last 5 years the exports of Albania to Serbia have increased at an annualized rate of 15.6%, from $90.7M in 2023 to $188M in 2018.

Exports from Serbia (Flag) to Albania (Flag) (2023)

Exports from Albania (Flag) to Serbia (Flag) (2023)

Latest Data

Trade between Serbia (Flag) and Albania (Flag)

Serbia Exports

Albania Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4.76B
Albania
Top Destination
Italy$1.72B

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

In 2023, countries that imported more from Serbia than Albania included Germany ($4.76B), Hungary ($2.26B), and Bosnia and Herzegovina ($1.77B).

In 2023, countries that imported more from Albania than Serbia included Greece ($409M), Senegal ($14.9M), and Italy ($1.72B).

Difference in imports from Albania (Flag) and Serbia (Flag) (2023)

Comparative Advantage Serbia - Albania

Flow
Scale

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

During 2023, Serbia had a large net trade with Albania in the exports of Foodstuffs ($89.8M), Vegetable Products ($45.4M), and Metals ($43.3M).

During 2018, Albania had a large net trade with Serbia in the exports of Vegetable Products ($35.7M), Chemical Products ($33.2M), and Metals ($32.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Albania+$4.21MInsulated Wire
Top Product Potential Albania Serbia+$2.68MElectricity

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Serbia and Albania. This means that a dot/product with the flag of Serbia indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Serbia.

Product Space of Serbia (Flag) and Albania (Flag) (2023)

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