2023
Flag  
GDP
$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH
-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
 GDP
$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH
61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
GDP PC 
$6,947CURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP PC GROWTH
-16.1%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC
$12,282CURRENT US$
Rnk 82 / 196
2013-2023
Flag
GDP PC GROWTH
74.4%CURRENT US$
Rnk 20 / 195

About

Colombia-Serbia Trade: In 2023, Colombia exported $20.1M to Serbia. The main products that Colombia exported to Serbia were Bananas ($9.96M), Coal Briquettes ($7.78M), and Tropical Fruits ($1.18M). Over the past 5 years the exports of Colombia to Serbia have increased at an annualized rate of 7.1%, from $14.2M in 2018 to $20.1M in 2023.

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

Serbia-Colombia Trade: In 2023, Serbia exported $1.57M to Colombia. The main products that Serbia exported to Colombia were Video and Card Games ($659k), Electrical Control Boards ($271k), and Plastic Building Materials ($122k). Over the past 5 years the exports of Serbia to Colombia have decreased at an annualized rate of 2.75%,  from $1.81M in 2018 to $1.57M in 2023.

In 2009, Serbia exported services to Colombia worth $90.6k, with Computer and information services ($70k), Compensation of employees ($10.2k), and Other business services ($6.38k) being the largest in terms of value.

Comparison: In 2023,  Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). 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, Colombia exported $20.1M to Serbia. The main products exported from Colombia to Serbia were Bananas ($9.96M), Coal Briquettes ($7.78M), and Tropical Fruits ($1.18M). During the last 5 years the exports of Colombia to Serbia have increased at an annualized rate of 7.1%, from $14.2M in 2018 to $20.1M in 2023.

In 2018, Serbia exported $1.57M to Colombia. The main products exported from Serbia to Colombia were Video and Card Games ($659k), Electrical Control Boards ($271k), and Plastic Building Materials ($122k). During the last 5 years the exports of Serbia to Colombia have decreased at an annualized rate of 2.75%, from $1.81M in 2023 to $1.57M in 2018.

Exports from Colombia (Flag) to Serbia (Flag) (2023)

Exports from Serbia (Flag) to Colombia (Flag) (2023)

Latest Data

Trade between Colombia (Flag) and Serbia (Flag)

Colombia Exports

Serbia Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$14.8B
Serbia
Top Destination
Germany$4.76B

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

In 2023, countries that imported more from Colombia than Serbia included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

In 2023, countries that imported more from Serbia than Colombia included Germany ($4.76B), Hungary ($2.26B), and Bosnia and Herzegovina ($1.77B).

Difference in imports from Serbia (Flag) and Colombia (Flag) (2023)

Comparative Advantage Colombia - Serbia

Flow
Scale

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

During 2023, Colombia had a large net trade with Serbia in the exports of Vegetable Products ($11.9M), Mineral Products ($7.78M), and Foodstuffs ($191k).

During 2018, Serbia had a large net trade with Colombia in the exports of Miscellaneous ($659k), Machines ($471k), and Plastics and Rubbers ($168k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Serbia+$3.31MCoal Briquettes
Top Product Potential Serbia Colombia+$380kRefined 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 Colombia and Serbia. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Serbia. Similarly, a dot/product with the flag of Serbia indicates it has a comparative advantage over Colombia.

Product Space of Colombia (Flag) and Serbia (Flag) (2023)

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