Serbia / Iceland

Serbia-Iceland Trade: In 2022, Serbia exported $5.83M to Iceland. The main products that Serbia exported to Iceland were Packaged Medicaments ($1.07M), Rubber Tires ($824k), and Cellulose Fibers Paper ($591k). Over the past 5 years the exports of Serbia to Iceland have increased at an annualized rate of 13.6%, from $3.08M in 2017 to $5.83M in 2022.

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 2022, Iceland exported $873k to Serbia. The main products that Iceland exported to Serbia were Special Purpose Ships ($410k), Non-fillet Frozen Fish ($269k), and Refined Petroleum ($96.3k). Over the past 5 years the exports of Iceland to Serbia have increased at an annualized rate of 15.9%,  from $418k in 2017 to $873k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.