Serbia / Italy

Serbia-Italy Trade: In 2023, Serbia exported $1.72B to Italy. The main products that Serbia exported to Italy were Footwear Parts ($116M), Rubber Tires ($88.2M), and Wheat ($70.2M). Over the past 5 years the exports of Serbia to Italy have decreased at an annualized rate of 5.51%, from $2.28B in 2018 to $1.72B in 2023.

In 2019, Serbia exported services to Italy worth $193M, with Transportation ($64.9M), Other business services ($59.3M), and Travel ($28M) being the largest in terms of value.

Italy-Serbia Trade: In 2023, Italy exported $2.64B to Serbia. The main products that Italy exported to Serbia were Tanned Equine and Bovine Hides ($151M), Raw Copper ($48.5M), and Machinery Having Individual Functions ($47.5M). Over the past 5 years the exports of Italy to Serbia have increased at an annualized rate of 2.64%,  from $2.31B in 2018 to $2.64B in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).