Serbia (SRB) and Slovenia (SVN) Trade | The Observatory of Economic Complexity

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Serbia-Slovenia Trade: In 2022, Serbia exported $790M to Slovenia. The main products that Serbia exported to Slovenia were Medical Instruments ($63.1M), Air Pumps ($40.5M), and Insulated Wire ($26.5M). Over the past 5 years the exports of Serbia to Slovenia have increased at an annualized rate of 7.02%, from $563M in 2017 to $790M in 2022.

In 2019, Serbia exported services to Slovenia worth $277M, with Travel ($85.1M), Transportation ($62.7M), and Other business services ($58.2M) being the largest in terms of value.

Slovenia-Serbia Trade: In 2022, Slovenia exported $1.54B to Serbia. The main products that Slovenia exported to Serbia were Cars ($171M), Packaged Medicaments ($161M), and Electricity ($81.9M). Over the past 5 years the exports of Slovenia to Serbia have increased at an annualized rate of 8.59%, from $1.02B in 2017 to $1.54B in 2022.

In 2022, Slovenia 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, Slovenia ranked 11 in the Economic Complexity Index (ECI 1.45), and 56 in total exports ($56B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Serbia exported $790M to Slovenia. The main products exported from Serbia to Slovenia were Medical Instruments ($63.1M), Air Pumps ($40.5M), and Insulated Wire ($26.5M). During the last 5 years the exports of Serbia to Slovenia have increased at an annualized rate of 7.02%, from $563M in 2017 to $790M in 2022.

In 2017, Slovenia exported $1.54B to Serbia. The main products exported from Slovenia to Serbia were Cars ($171M), Packaged Medicaments ($161M), and Electricity ($81.9M). During the last 5 years the exports of Slovenia to Serbia have increased at an annualized rate of 8.59%, from $1.02B in 2022 to $1.54B in 2017.

Exports from Serbia () to Slovenia () (2022)

Exports from Slovenia () to Serbia () (2022)

Latest Data

Trade between Serbia () and Slovenia ()

Serbia Exports

Date

Slovenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4B

Slovenia
Top DestinationSwitzerland$9.92B

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

In 2022, countries that imported more from Serbia than Slovenia included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and China ($1.3B).

In 2022, countries that imported more from Slovenia than Serbia included Switzerland ($9.92B), Italy ($6.28B), and Germany ($7.92B).

Difference in imports from Slovenia () and Serbia () (2022)

Comparative Advantage Serbia - Slovenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Serbia had a large net trade with Slovenia in the exports of Machines ($214M), Metals ($143M), and Plastics and Rubbers ($85.6M).

During 2017, Slovenia had a large net trade with Serbia in the exports of Machines ($337M), Chemical Products ($287M), and Transportation ($261M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Serbia Slovenia+$4.22MRefined Petroleum

Top Product Potential Slovenia Serbia+$3.87MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Serbia () to Slovenia () (2022)

Exports from Slovenia () to Serbia () (2022)

Latest Data

Trade between Serbia () and Slovenia ()

Serbia Exports

Slovenia Exports

Market Competitiveness

Difference in imports from Slovenia () and Serbia () (2022)

Comparative Advantage Serbia - Slovenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Serbia () and Slovenia () (2022)

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