Armenia / Serbia

Armenia-Serbia Trade: In 2023, Armenia exported $2.99M to Serbia. The main products that Armenia exported to Serbia were Copper Ore ($1.46M), Gas Turbines ($750k), and Aluminium Foil ($247k). Over the past 5 years the exports of Armenia to Serbia have decreased at an annualized rate of 52.3%, from $121M in 2018 to $2.99M in 2023.

In 2023, Armenia did not export any services to Serbia.

Serbia-Armenia Trade: In 2023, Serbia exported $16.4M to Armenia. The main products that Serbia exported to Armenia were Rolled Tobacco ($4.65M), Harvesting Machinery ($1.9M), and Electric Heaters ($566k). Over the past 5 years the exports of Serbia to Armenia have increased at an annualized rate of 36.6%,  from $3.46M in 2018 to $16.4M in 2023.

In 2009, Serbia exported services to Armenia worth $92.4k, with Workers' remittances ($52.8k), Personal, cultural, and recreational services ($37.6k), and Travel ($1.13k) being the largest in terms of value.

Comparison: In 2023,  Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).