NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $320MRnk 47 / 217
2023
Flag → Flag
Top Product $64.1MElectricity
2023
Flag → Flag
Exports $81.4MRnk 38 / 184
2023
Flag → Flag
Top Product $9.57MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 35 / 132
2023
Flag  
GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 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 $68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195
2023
Flag
GDP PC$12,282CURRENT US$
Rnk 82 / 196
2013-2023
Flag
GDP PC GROWTH74.4%CURRENT US$
Rnk 20 / 195

About

Denmark-Serbia Trade: In 2023, Denmark exported $320M to Serbia. The main products that Denmark exported to Serbia were Electricity ($64.1M), Packaged Medicaments ($44.1M), and Liquid Pumps ($23M). Over the past 5 years the exports of Denmark to Serbia have increased at an annualized rate of 10.5%, from $194M in 2018 to $320M in 2023.

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

Serbia-Denmark Trade: In 2023, Serbia exported $81.4M to Denmark. The main products that Serbia exported to Denmark were Packaged Medicaments ($9.57M), Other Furniture ($6.83M), and Aluminium Plating ($5.11M). Over the past 5 years the exports of Serbia to Denmark have increased at an annualized rate of 3.29%,  from $69.3M in 2018 to $81.4M in 2023.

In 2019, Serbia exported services to Denmark worth $42.5M, with Other business services ($15.7M), Computer and information services ($12.3M), and Travel ($7.84M) being the largest in terms of value.

Comparison: In 2023,  Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). 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, Denmark exported $320M to Serbia. The main products exported from Denmark to Serbia were Electricity ($64.1M), Packaged Medicaments ($44.1M), and Liquid Pumps ($23M). During the last 5 years the exports of Denmark to Serbia have increased at an annualized rate of 10.5%, from $194M in 2018 to $320M in 2023.

In 2018, Serbia exported $81.4M to Denmark. The main products exported from Serbia to Denmark were Packaged Medicaments ($9.57M), Other Furniture ($6.83M), and Aluminium Plating ($5.11M). During the last 5 years the exports of Serbia to Denmark have increased at an annualized rate of 3.29%, from $69.3M in 2023 to $81.4M in 2018.

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

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

Latest Data

Trade between Denmark (Flag) and Serbia (Flag)

Denmark Exports

Serbia Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$14.8B
Serbia
Top DestinationGermany$4.76B

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

In 2023, countries that imported more from Denmark than Serbia included United States ($12B), Sweden ($11.2B), and Germany ($14.8B).

In 2023, countries that imported more from Serbia than Denmark included Bosnia and Herzegovina ($1.77B), Hungary ($2.26B), and Russia ($1.19B).

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

Comparative Advantage Denmark - Serbia

Flow
Scale

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

During 2023, Denmark had a large net trade with Serbia in the exports of Machines ($98.7M), Mineral Products ($64.6M), and Chemical Products ($62.2M).

During 2018, Serbia had a large net trade with Denmark in the exports of Machines ($18.3M), Chemical Products ($11.9M), and Metals ($10.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Serbia+$21.1MPackaged Medicaments
Top Product Potential Serbia Denmark+$5.81MPackaged Medicaments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2019, Serbia exported services to Denmark worth $42.5M, with Other business services ($15.7M), Computer and information services ($12.3M), and Travel ($7.84M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia (Flag) to Denmark (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms