Serbia / Germany

Serbia-Germany Trade: In 2023, Serbia exported $4.76B to Germany. The main products that Serbia exported to Germany were Insulated Wire ($653M), Electric Motors ($486M), and Motor vehicles; parts and accessories (8701 to 8705) ($338M). Over the past 5 years the exports of Serbia to Germany have increased at an annualized rate of 15.1%, from $2.35B in 2018 to $4.76B in 2023.

In 2019, Serbia exported services to Germany worth $708M, with Other business services ($250M), Transportation ($146M), and Computer and information services ($122M) being the largest in terms of value.

Germany-Serbia Trade: In 2023, Germany exported $4.6B to Serbia. The main products that Germany exported to Serbia were Cars ($303M), Copper Wire ($231M), and Packaged Medicaments ($207M). Over the past 5 years the exports of Germany to Serbia have increased at an annualized rate of 7.29%,  from $3.23B in 2018 to $4.6B in 2023.

In 2023, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).