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2023
Flag → Flag
Exports $84.1MRnk 118 / 216
2023
Flag → Flag
Top Product $27.2MRolled Tobacco
2023
Flag → Flag
Exports $110MRnk 34 / 184
2023
Flag → Flag
Top Product $12.1MPhosphatic Fertilizers
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 35 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
 GDP$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
GDP PC $49,041CURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195
2023
Flag
GDP PC$12,282CURRENT US$
Rnk 82 / 196
2013-2023
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GDP PC GROWTH74.4%CURRENT US$
Rnk 20 / 195

About

United Arab Emirates-Serbia Trade: In 2023, United Arab Emirates exported $84.1M to Serbia. The main products that United Arab Emirates exported to Serbia were Rolled Tobacco ($27.2M), Raw Aluminium ($20.3M), and Cars ($12.8M). Over the past 5 years the exports of United Arab Emirates to Serbia have increased at an annualized rate of 27.8%, from $24.7M in 2018 to $84.1M in 2023.

In 2023, United Arab Emirates did not export any services to Serbia.

Serbia-United Arab Emirates Trade: In 2023, Serbia exported $110M to United Arab Emirates. The main products that Serbia exported to United Arab Emirates were Phosphatic Fertilizers ($12.1M), Surveying Equipment ($11M), and Apples and Pears ($9.58M). Over the past 5 years the exports of Serbia to United Arab Emirates have increased at an annualized rate of 7.5%,  from $71.3M in 2018 to $110M in 2023.

In 2009, Serbia exported services to United Arab Emirates worth $11.2M, with Transportation ($2.36M), Other business services ($2.32M), and Compensation of employees ($2.31M) being the largest in terms of value.

Comparison: In 2023,  United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Arab Emirates exported $84.1M to Serbia. The main products exported from United Arab Emirates to Serbia were Rolled Tobacco ($27.2M), Raw Aluminium ($20.3M), and Cars ($12.8M). During the last 5 years the exports of United Arab Emirates to Serbia have increased at an annualized rate of 27.8%, from $24.7M in 2018 to $84.1M in 2023.

In 2018, Serbia exported $110M to United Arab Emirates. The main products exported from Serbia to United Arab Emirates were Phosphatic Fertilizers ($12.1M), Surveying Equipment ($11M), and Apples and Pears ($9.58M). During the last 5 years the exports of Serbia to United Arab Emirates have increased at an annualized rate of 7.5%, from $71.3M in 2023 to $110M in 2018.

Exports from United Arab Emirates (Flag) to Serbia (Flag) (2023)

Exports from Serbia (Flag) to United Arab Emirates (Flag) (2023)

Latest Data

Trade between United Arab Emirates (Flag) and Serbia (Flag)

United Arab Emirates Exports

Serbia Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationChina$40.2B
Serbia
Top DestinationGermany$4.76B

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

In 2023, countries that imported more from United Arab Emirates than Serbia included China ($40.2B), India ($38.2B), and Japan ($37.4B).

In 2023, countries that imported more from Serbia than United Arab Emirates included Hungary ($2.26B), Bosnia and Herzegovina ($1.77B), and Romania ($1.59B).

Difference in imports from Serbia (Flag) and United Arab Emirates (Flag) (2023)

Comparative Advantage United Arab Emirates - Serbia

Flow
Scale

This chart compares trade between United Arab Emirates and Serbia by product, considering products traded by both, United Arab Emirates and Serbia.

During 2023, United Arab Emirates had a large net trade with Serbia in the exports of Foodstuffs ($27.4M), Metals ($22.1M), and Transportation ($13.1M).

During 2018, Serbia had a large net trade with United Arab Emirates in the exports of Chemical Products ($20.8M), Machines ($15.5M), and Instruments ($13.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Serbia+$2.88MEthylene Polymers
Top Product Potential Serbia United Arab Emirates+$9.56MRefined 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

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

Product Space of United Arab Emirates (Flag) and Serbia (Flag) (2023)

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