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2022
Flag → Flag
Exports $530MRnk 20 / 174
2022
Flag → Flag
Top Product $83.9MRubber Tires
2022
Flag → Flag
Exports $320MRnk 80 / 224
2022
Flag → Flag
Top Product $40MGas Turbines
2022
Flag
Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Serbia-United Kingdom Trade: In 2022, Serbia exported $530M to United Kingdom. The main products that Serbia exported to United Kingdom were Rubber Tires ($83.9M), Insulated Wire ($50.7M), and Frozen Fruits and Nuts ($39.6M). Over the past 5 years the exports of Serbia to United Kingdom have increased at an annualized rate of 9.71%, from $334M in 2017 to $530M in 2022.

In 2019, Serbia exported services to United Kingdom worth $667M, with Other business services ($213M), Computer and information services ($161M), and Transportation ($141M) being the largest in terms of value.

United Kingdom-Serbia Trade: In 2022, United Kingdom exported $320M to Serbia. The main products that United Kingdom exported to Serbia were Gas Turbines ($40M), Large Construction Vehicles ($13.5M), and Hard Liquor ($10.2M). Over the past 5 years the exports of United Kingdom to Serbia have increased at an annualized rate of 6.98%,  from $229M in 2017 to $320M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $530M to United Kingdom. The main products exported from Serbia to United Kingdom were Rubber Tires ($83.9M), Insulated Wire ($50.7M), and Frozen Fruits and Nuts ($39.6M). During the last 5 years the exports of Serbia to United Kingdom have increased at an annualized rate of 9.71%, from $334M in 2017 to $530M in 2022.

In 2017, United Kingdom exported $320M to Serbia. The main products exported from United Kingdom to Serbia were Gas Turbines ($40M), Large Construction Vehicles ($13.5M), and Hard Liquor ($10.2M). During the last 5 years the exports of United Kingdom to Serbia have increased at an annualized rate of 6.98%, from $229M in 2022 to $320M in 2017.

Exports from Serbia (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Serbia (Flag) (2022)

Latest Data

Trade between Serbia (Flag) and United Kingdom (Flag)

Serbia Exports

United Kingdom Exports

Market Competitiveness

Color
Serbia
Top DestinationGermany$4B
United Kingdom
Top DestinationUnited States$61.8B

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

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

In 2022, countries that imported more from United Kingdom than Serbia included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Serbia (Flag) (2022)

Comparative Advantage Serbia - United Kingdom

Flow
Scale

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

During 2022, Serbia had a large net trade with United Kingdom in the exports of Machines ($157M), Plastics and Rubbers ($111M), and Vegetable Products ($55.6M).

During 2017, United Kingdom had a large net trade with Serbia in the exports of Machines ($128M), Chemical Products ($39.1M), and Plastics and Rubbers ($25.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia United Kingdom+$38.1MInsulated Wire
Top Product Potential United Kingdom Serbia+$15.6MCars

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

Product Space of Serbia (Flag) and United Kingdom (Flag) (2022)

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