2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
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GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
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 GDP
$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
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GDP GROWTH
49.4%CURRENT US$
Rnk 62 / 186
2022
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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
$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH
26.5%CURRENT US$
Rnk 71 / 186

About

Serbia-Saudi Arabia Trade: In 2022, Serbia exported $36.7M to Saudi Arabia. The main products that Serbia exported to Saudi Arabia were Apples and Pears ($7.08M), Plastic Floor Coverings ($4.93M), and Soap ($4.55M). Over the past 5 years the exports of Serbia to Saudi Arabia have increased at an annualized rate of 14.3%, from $18.9M in 2017 to $36.7M in 2022.

In 2009, Serbia exported services to Saudi Arabia worth $1.38M, with Personal, cultural, and recreational services ($369k), Compensation of employees ($320k), and Construction services ($278k) being the largest in terms of value.

Saudi Arabia-Serbia Trade: In 2022, Saudi Arabia exported $53.6M to Serbia. The main products that Saudi Arabia exported to Serbia were Ethylene Polymers ($24.4M), Propylene Polymers ($17.8M), and Ammonia ($4.25M). Over the past 5 years the exports of Saudi Arabia to Serbia have increased at an annualized rate of 11.6%,  from $30.9M in 2017 to $53.6M in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $36.7M to Saudi Arabia. The main products exported from Serbia to Saudi Arabia were Apples and Pears ($7.08M), Plastic Floor Coverings ($4.93M), and Soap ($4.55M). During the last 5 years the exports of Serbia to Saudi Arabia have increased at an annualized rate of 14.3%, from $18.9M in 2017 to $36.7M in 2022.

In 2017, Saudi Arabia exported $53.6M to Serbia. The main products exported from Saudi Arabia to Serbia were Ethylene Polymers ($24.4M), Propylene Polymers ($17.8M), and Ammonia ($4.25M). During the last 5 years the exports of Saudi Arabia to Serbia have increased at an annualized rate of 11.6%, from $30.9M in 2022 to $53.6M in 2017.

Exports from Serbia (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Serbia (Flag) (2022)

Latest Data

Trade between Serbia (Flag) and Saudi Arabia (Flag)

Serbia Exports

Saudi Arabia Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Saudi Arabia
Top Destination
China$68B

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

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

In 2022, countries that imported more from Saudi Arabia than Serbia included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Serbia (Flag) (2022)

Comparative Advantage Serbia - Saudi Arabia

Flow
Scale

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

During 2022, Serbia had a large net trade with Saudi Arabia in the exports of Vegetable Products ($11M), Machines ($10M), and Plastics and Rubbers ($6.79M).

During 2017, Saudi Arabia had a large net trade with Serbia in the exports of Plastics and Rubbers ($43.2M), Chemical Products ($7.98M), and Mineral Products ($2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Saudi Arabia+$3.11MLiquid Pumps
Top Product Potential Saudi Arabia Serbia+$9.3MEthylene Polymers

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

Product Space of Serbia (Flag) and Saudi Arabia (Flag) (2022)

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