Serbia (SRB) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Serbia-Romania Trade: In 2023, Serbia exported $1.59B to Romania. The main products that Serbia exported to Romania were Electricity ($546M), Insulated Wire ($101M), and Corn ($98M). Over the past 5 years the exports of Serbia to Romania have increased at an annualized rate of 6.06%, from $1.19B in 2018 to $1.59B in 2023.

In 2019, Serbia exported services to Romania worth $91.8M, with Transportation ($36.9M), Travel ($28M), and Other business services ($17.9M) being the largest in terms of value.

Romania-Serbia Trade: In 2023, Romania exported $1.2B to Serbia. The main products that Romania exported to Serbia were Electricity ($242M), Refined Petroleum ($90.2M), and Insulated Wire ($51.3M). Over the past 5 years the exports of Romania to Serbia have increased at an annualized rate of 10.2%, from $739M in 2018 to $1.2B in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Serbia exported $1.59B to Romania. The main products exported from Serbia to Romania were Electricity ($546M), Insulated Wire ($101M), and Corn ($98M). During the last 5 years the exports of Serbia to Romania have increased at an annualized rate of 6.06%, from $1.19B in 2018 to $1.59B in 2023.

In 2018, Romania exported $1.2B to Serbia. The main products exported from Romania to Serbia were Electricity ($242M), Refined Petroleum ($90.2M), and Insulated Wire ($51.3M). During the last 5 years the exports of Romania to Serbia have increased at an annualized rate of 10.2%, from $739M in 2023 to $1.2B in 2018.

Exports from Serbia () to Romania () (2023)

Exports from Romania () to Serbia () (2023)

Latest Data

Trade between Serbia () and Romania ()

Serbia Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4.76B

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Serbia than Romania included Bosnia and Herzegovina ($1.77B), Montenegro ($995M), and Russia ($1.19B).

In 2023, countries that imported more from Romania than Serbia included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

Difference in imports from Romania () and Serbia () (2023)

Comparative Advantage Serbia - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Serbia had a large net trade with Romania in the exports of Mineral Products ($566M), Machines ($190M), and Vegetable Products ($165M).

During 2018, Romania had a large net trade with Serbia in the exports of Mineral Products ($391M), Machines ($208M), and Metals ($156M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Serbia Romania+$43.5MInsulated Wire

Top Product Potential Romania Serbia+$28.8MCars

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

Year

This visualization shows the product space at the HS4 level with the flags of Serbia and Romania. This means that a dot/product with the flag of Serbia indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Serbia.

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Historical Data

Bilateral Trade by Products

Exports from Serbia () to Romania () (2023)

Exports from Romania () to Serbia () (2023)

Latest Data

Trade between Serbia () and Romania ()

Serbia Exports

Romania Exports

Market Competitiveness

Difference in imports from Romania () and Serbia () (2023)

Comparative Advantage Serbia - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Serbia () and Romania () (2023)

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