2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC 
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186
2022
Flag
GDP PC
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
Rnk 32 / 186

About

Belarus-Serbia Trade: In 2022, Belarus exported $99.8M to Serbia. The main products that Belarus exported to Serbia were Sulfate Chemical Woodpulp ($36.1M), Tractors ($9.57M), and Broadcasting Equipment ($6.26M). Over the past 5 years the exports of Belarus to Serbia have decreased at an annualized rate of 8.24%, from $153M in 2017 to $99.8M in 2022.

In 2014, Belarus exported services to Serbia worth $4.78M, with Computer and information services ($4.71M), Government services, n.i.e. ($60.4k), and Insurance services ($9.23k) being the largest in terms of value.

Serbia-Belarus Trade: In 2022, Serbia exported $75.6M to Belarus. The main products that Serbia exported to Belarus were Rubber Tires ($18.2M), Nonaqueous Paints ($5.62M), and Polyacetals ($5.37M). Over the past 5 years the exports of Serbia to Belarus have increased at an annualized rate of 4.33%,  from $56.2M in 2017 to $75.6M in 2022.

In 2009, Serbia exported services to Belarus worth $972k, with Workers' remittances ($436k), Personal, cultural, and recreational services ($285k), and Compensation of employees ($244k) being the largest in terms of value.

Comparison: In 2022,  Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belarus exported $99.8M to Serbia. The main products exported from Belarus to Serbia were Sulfate Chemical Woodpulp ($36.1M), Tractors ($9.57M), and Broadcasting Equipment ($6.26M). During the last 5 years the exports of Belarus to Serbia have decreased at an annualized rate of 8.24%, from $153M in 2017 to $99.8M in 2022.

In 2017, Serbia exported $75.6M to Belarus. The main products exported from Serbia to Belarus were Rubber Tires ($18.2M), Nonaqueous Paints ($5.62M), and Polyacetals ($5.37M). During the last 5 years the exports of Serbia to Belarus have increased at an annualized rate of 4.33%, from $56.2M in 2022 to $75.6M in 2017.

Exports from Belarus (Flag) to Serbia (Flag) (2022)

Exports from Serbia (Flag) to Belarus (Flag) (2022)

Latest Data

Trade between Belarus (Flag) and Serbia (Flag)

Belarus Exports

Serbia Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Serbia
Top Destination
Germany$4B

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

In 2022, countries that imported more from Belarus than Serbia included Ukraine ($1.29B), Kazakhstan ($827M), and Lithuania ($778M).

In 2022, countries that imported more from Serbia than Belarus included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

Difference in imports from Serbia (Flag) and Belarus (Flag) (2022)

Comparative Advantage Belarus - Serbia

Flow
Scale

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

During 2022, Belarus had a large net trade with Serbia in the exports of Paper Goods ($38.6M), Transportation ($14.6M), and Metals ($8.32M).

During 2017, Serbia had a large net trade with Belarus in the exports of Plastics and Rubbers ($34.5M), Metals ($8.58M), and Chemical Products ($8.17M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Serbia+$1.15MPotassic Fertilizers
Top Product Potential Serbia Belarus+$1.44MMotor vehicles; parts and accessories (8701 to 8705)

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

Product Space of Belarus (Flag) and Serbia (Flag) (2022)

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