2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
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GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
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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
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186

About

Serbia-Finland Trade: In 2022, Serbia exported $156M to Finland. The main products that Serbia exported to Finland were Copper Ore ($80.8M), Air Pumps ($11.9M), and Insulated Wire ($7.72M). Over the past 5 years the exports of Serbia to Finland have increased at an annualized rate of 38.2%, from $31M in 2017 to $156M in 2022.

In 2019, Serbia exported services to Finland worth $21.3M, with Computer and information services ($8.96M), Other business services ($5.6M), and Transportation ($2.24M) being the largest in terms of value.

Finland-Serbia Trade: In 2022, Finland exported $108M to Serbia. The main products that Finland exported to Serbia were Propylene Polymers ($14.3M), Lifting Machinery ($9.71M), and Machinery Having Individual Functions ($8.79M). Over the past 5 years the exports of Finland to Serbia have increased at an annualized rate of 18.7%,  from $45.9M in 2017 to $108M in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $156M to Finland. The main products exported from Serbia to Finland were Copper Ore ($80.8M), Air Pumps ($11.9M), and Insulated Wire ($7.72M). During the last 5 years the exports of Serbia to Finland have increased at an annualized rate of 38.2%, from $31M in 2017 to $156M in 2022.

In 2017, Finland exported $108M to Serbia. The main products exported from Finland to Serbia were Propylene Polymers ($14.3M), Lifting Machinery ($9.71M), and Machinery Having Individual Functions ($8.79M). During the last 5 years the exports of Finland to Serbia have increased at an annualized rate of 18.7%, from $45.9M in 2022 to $108M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Finland (Flag)

Serbia Exports

Finland Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Finland
Top Destination
Germany$9.99B

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

In 2022, countries that imported more from Serbia than Finland included Bosnia and Herzegovina ($2.14B), Hungary ($1.69B), and Croatia ($1.25B).

In 2022, countries that imported more from Finland than Serbia included Sweden ($9.1B), United States ($9.17B), and Germany ($9.99B).

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

Comparative Advantage Serbia - Finland

Flow
Scale

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

During 2022, Serbia had a large net trade with Finland in the exports of Mineral Products ($80.9M), Machines ($40.3M), and Plastics and Rubbers ($7.81M).

During 2017, Finland had a large net trade with Serbia in the exports of Machines ($44M), Plastics and Rubbers ($17.6M), and Paper Goods ($15.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Finland+$6.1MInsulated Wire
Top Product Potential Finland Serbia+$4.93MCars

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 Finland. This means that a dot/product with the flag of Serbia indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Serbia.

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

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