2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC 
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
Rnk 32 / 186
2022
Flag
GDP PC
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

Serbia-Denmark Trade: In 2022, Serbia exported $80M to Denmark. The main products that Serbia exported to Denmark were Other Furniture ($7.99M), Packaged Medicaments ($7.22M), and Refrigerators ($6.82M). Over the past 5 years the exports of Serbia to Denmark have increased at an annualized rate of 4.39%, from $64.5M in 2017 to $80M in 2022.

In 2019, Serbia exported services to Denmark worth $42.5M, with Other business services ($15.7M), Computer and information services ($12.3M), and Travel ($7.84M) being the largest in terms of value.

Denmark-Serbia Trade: In 2022, Denmark exported $482M to Serbia. The main products that Denmark exported to Serbia were Electricity ($233M), Packaged Medicaments ($46M), and Integrated Circuits ($28.1M). Over the past 5 years the exports of Denmark to Serbia have increased at an annualized rate of 26.8%,  from $147M in 2017 to $482M in 2022.

In 2022, Denmark did not export any services to Serbia.

Comparison: In 2022,  Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $80M to Denmark. The main products exported from Serbia to Denmark were Other Furniture ($7.99M), Packaged Medicaments ($7.22M), and Refrigerators ($6.82M). During the last 5 years the exports of Serbia to Denmark have increased at an annualized rate of 4.39%, from $64.5M in 2017 to $80M in 2022.

In 2017, Denmark exported $482M to Serbia. The main products exported from Denmark to Serbia were Electricity ($233M), Packaged Medicaments ($46M), and Integrated Circuits ($28.1M). During the last 5 years the exports of Denmark to Serbia have increased at an annualized rate of 26.8%, from $147M in 2022 to $482M in 2017.

Exports from Serbia (Flag) to Denmark (Flag) (2022)

Exports from Denmark (Flag) to Serbia (Flag) (2022)

Latest Data

Trade between Serbia (Flag) and Denmark (Flag)

Serbia Exports

Denmark Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Denmark
Top Destination
Germany$18.9B

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

In 2022, countries that imported more from Serbia than Denmark included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and Croatia ($1.25B).

In 2022, countries that imported more from Denmark than Serbia included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

Difference in imports from Denmark (Flag) and Serbia (Flag) (2022)

Comparative Advantage Serbia - Denmark

Flow
Scale

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

During 2022, Serbia had a large net trade with Denmark in the exports of Machines ($20.8M), Metals ($12.1M), and Miscellaneous ($10.1M).

During 2017, Denmark had a large net trade with Serbia in the exports of Mineral Products ($233M), Machines ($105M), and Chemical Products ($62.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Denmark+$5.81MPackaged Medicaments
Top Product Potential Denmark Serbia+$21.1MPackaged Medicaments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Serbia (Flag) and Denmark (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with