Austria / Serbia

Austria-Serbia Trade: In 2022, Austria exported $1.11B to Serbia. The main products that Austria exported to Serbia were Packaged Medicaments ($52.2M), Electrical Power Accessories ($34.7M), and Insulated Wire ($31.4M). Over the past 5 years the exports of Austria to Serbia have increased at an annualized rate of 7.75%, from $763M in 2017 to $1.11B in 2022.

In 2011, Austria exported services to Serbia worth $342M, with Communications services ($152M), Other business services ($78M), and Transportation ($52.9M) being the largest in terms of value.

Serbia-Austria Trade: In 2022, Serbia exported $890M to Austria. The main products that Serbia exported to Austria were Hot-Rolled Iron ($80.8M), Light Fixtures ($68.3M), and Cleaning Products ($61.1M). Over the past 5 years the exports of Serbia to Austria have increased at an annualized rate of 13.5%,  from $472M in 2017 to $890M in 2022.

In 2019, Serbia exported services to Austria worth $301M, with Transportation ($91.8M), Other business services ($75M), and Computer and information services ($52.6M) being the largest in terms of value.

Comparison: In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).