Serbia (SRB) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Serbia-Greece Trade: In 2022, Serbia exported $313M to Greece. The main products that Serbia exported to Greece were Paper Containers ($20.9M), Soybean Oil ($18.8M), and Rubber Tires ($11.9M). Over the past 5 years the exports of Serbia to Greece have increased at an annualized rate of 10%, from $194M in 2017 to $313M in 2022.

In 2019, Serbia exported services to Greece worth $90.7M, with Transportation ($38.1M), Travel ($38.1M), and Other business services ($10.1M) being the largest in terms of value.

Greece-Serbia Trade: In 2022, Greece exported $575M to Serbia. The main products that Greece exported to Serbia were Aluminium Plating ($64.2M), Aluminium Bars ($28.3M), and Raw Aluminium ($27.9M). Over the past 5 years the exports of Greece to Serbia have increased at an annualized rate of 11%, from $342M in 2017 to $575M in 2022.

In 2022, Greece 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Serbia exported $313M to Greece. The main products exported from Serbia to Greece were Paper Containers ($20.9M), Soybean Oil ($18.8M), and Rubber Tires ($11.9M). During the last 5 years the exports of Serbia to Greece have increased at an annualized rate of 10%, from $194M in 2017 to $313M in 2022.

In 2017, Greece exported $575M to Serbia. The main products exported from Greece to Serbia were Aluminium Plating ($64.2M), Aluminium Bars ($28.3M), and Raw Aluminium ($27.9M). During the last 5 years the exports of Greece to Serbia have increased at an annualized rate of 11%, from $342M in 2022 to $575M in 2017.

Exports from Serbia () to Greece () (2022)

Exports from Greece () to Serbia () (2022)

Latest Data

Trade between Serbia () and Greece ()

Serbia Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4B

Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Serbia than Greece included Bosnia and Herzegovina ($2.14B), Hungary ($1.69B), and Russia ($1.19B).

In 2022, countries that imported more from Greece than Serbia included Italy ($5.82B), Cyprus ($2.92B), and Bulgaria ($3.62B).

Difference in imports from Greece () and Serbia () (2022)

Comparative Advantage Serbia - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Serbia had a large net trade with Greece in the exports of Foodstuffs ($60.1M), Paper Goods ($51.5M), and Metals ($51.4M).

During 2017, Greece had a large net trade with Serbia in the exports of Metals ($200M), Vegetable Products ($61.5M), and Chemical Products ($61M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Serbia Greece+$8.16MRefined Petroleum

Top Product Potential Greece Serbia+$17.6MRefined Petroleum

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Serbia () to Greece () (2022)

Exports from Greece () to Serbia () (2022)

Latest Data

Trade between Serbia () and Greece ()

Serbia Exports

Greece Exports

Market Competitiveness

Difference in imports from Greece () and Serbia () (2022)

Comparative Advantage Serbia - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Serbia () and Greece () (2022)

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