2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
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
$54,660CURRENT US$
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2012-2022
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GDP PC GROWTH
64.9%CURRENT US$
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About

Serbia-Israel Trade: In 2022, Serbia exported $88.8M to Israel. The main products that Serbia exported to Israel were Rolled Tobacco ($26.3M), Gas Turbines ($8.95M), and Rubber Tires ($7.7M). Over the past 5 years the exports of Serbia to Israel have increased at an annualized rate of 25.9%, from $28M in 2017 to $88.8M in 2022.

In 2009, Serbia exported services to Israel worth $6.16M, with Other business services ($2.51M), Travel ($1.08M), and Transportation ($712k) being the largest in terms of value.

Israel-Serbia Trade: In 2022, Israel exported $36.8M to Serbia. The main products that Israel exported to Serbia were Pesticides ($6.81M), Medical Instruments ($2.47M), and X-Ray Equipment ($2.14M). Over the past 5 years the exports of Israel to Serbia have increased at an annualized rate of 3.22%,  from $31.4M in 2017 to $36.8M in 2022.

In 2022, Israel 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, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $88.8M to Israel. The main products exported from Serbia to Israel were Rolled Tobacco ($26.3M), Gas Turbines ($8.95M), and Rubber Tires ($7.7M). During the last 5 years the exports of Serbia to Israel have increased at an annualized rate of 25.9%, from $28M in 2017 to $88.8M in 2022.

In 2017, Israel exported $36.8M to Serbia. The main products exported from Israel to Serbia were Pesticides ($6.81M), Medical Instruments ($2.47M), and X-Ray Equipment ($2.14M). During the last 5 years the exports of Israel to Serbia have increased at an annualized rate of 3.22%, from $31.4M in 2022 to $36.8M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Israel (Flag)

Serbia Exports

Israel Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Israel
Top Destination
United States$20.3B

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

In 2022, countries that imported more from Serbia than Israel included Bosnia and Herzegovina ($2.14B), Germany ($4B), and Hungary ($1.69B).

In 2022, countries that imported more from Israel than Serbia included United States ($20.3B), Palestine ($4.6B), and China ($5.53B).

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

Comparative Advantage Serbia - Israel

Flow
Scale

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

During 2022, Serbia had a large net trade with Israel in the exports of Foodstuffs ($36.3M), Machines ($18.7M), and Plastics and Rubbers ($9.2M).

During 2017, Israel had a large net trade with Serbia in the exports of Chemical Products ($9.97M), Machines ($8.39M), and Instruments ($6.61M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Israel+$3.42MRubber Tires
Top Product Potential Israel Serbia+$2.15MMedical Instruments

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

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

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