Serbia / Norway

Serbia-Norway Trade: In 2023, Serbia exported $48.9M to Norway. The main products that Serbia exported to Norway were Frozen Fruits and Nuts ($4.98M), Refrigerators ($3.91M), and Honey ($2.38M). Over the past 5 years the exports of Serbia to Norway have increased at an annualized rate of 6.06%, from $36.4M in 2018 to $48.9M in 2023.

In 2019, Serbia exported services to Norway worth $31.3M, with Other business services ($12.3M), Travel ($5.6M), and Communications services ($5.6M) being the largest in terms of value.

Norway-Serbia Trade: In 2023, Norway exported $463M to Serbia. The main products that Norway exported to Serbia were Crude Petroleum ($357M), Cleaning Products ($28.6M), and Cars ($22.3M). Over the past 5 years the exports of Norway to Serbia have increased at an annualized rate of 56.2%,  from $49.8M in 2018 to $463M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).