Serbia / Iceland

Serbia-Iceland Trade: In 2023, Serbia exported $7.82M to Iceland. The main products that Serbia exported to Iceland were Rubber Tires ($1.07M), Cellulose Fibers Paper ($1.01M), and Fluorides ($838k). Over the past 5 years the exports of Serbia to Iceland have increased at an annualized rate of 24%, from $2.67M in 2018 to $7.82M in 2023.

In 2019, Serbia exported services to Iceland worth $6.72M, with Computer and information services ($4.48M), Travel ($1.12M), and Other business services ($1.12M) being the largest in terms of value.

Iceland-Serbia Trade: In 2023, Iceland exported $404k to Serbia. The main products that Iceland exported to Serbia were Non-fillet Frozen Fish ($247k), Hydrogen ($26.1k), and Retail Wool or Animal Hair Yarn ($25.4k). Over the past 5 years the exports of Iceland to Serbia have decreased at an annualized rate of 8.09%,  from $616k in 2018 to $404k in 2023.

In 2023, Iceland 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, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.