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2022
Flag → Flag
Exports $482MRnk 37 / 218
2022
Flag → Flag
Top Product $233MElectricity
2022
Flag → Flag
Exports $80MRnk 36 / 174
2022
Flag → Flag
Top Product $7.99MOther Furniture
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
Flag  
GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC $66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

Denmark-Serbia Trade: In 2022, Denmark exported $482M to Serbia. The main products that Denmark exported to Serbia were Electricity ($233M), Packaged Medicaments ($46M), and Integrated Circuits ($28.1M). Over the past 5 years the exports of Denmark to Serbia have increased at an annualized rate of 26.8%, from $147M in 2017 to $482M in 2022.

In 2022, Denmark did not export any services to Serbia.

Serbia-Denmark Trade: In 2022, Serbia exported $80M to Denmark. The main products that Serbia exported to Denmark were Other Furniture ($7.99M), Packaged Medicaments ($7.22M), and Refrigerators ($6.82M). Over the past 5 years the exports of Serbia to Denmark have increased at an annualized rate of 4.39%,  from $64.5M in 2017 to $80M in 2022.

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 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). 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, Denmark exported $482M to Serbia. The main products exported from Denmark to Serbia were Electricity ($233M), Packaged Medicaments ($46M), and Integrated Circuits ($28.1M). During the last 5 years the exports of Denmark to Serbia have increased at an annualized rate of 26.8%, from $147M in 2017 to $482M in 2022.

In 2017, Serbia exported $80M to Denmark. The main products exported from Serbia to Denmark were Other Furniture ($7.99M), Packaged Medicaments ($7.22M), and Refrigerators ($6.82M). During the last 5 years the exports of Serbia to Denmark have increased at an annualized rate of 4.39%, from $64.5M in 2022 to $80M in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Serbia (Flag)

Denmark Exports

Serbia Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$18.9B
Serbia
Top DestinationGermany$4B

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 2022, countries that imported more from Denmark than Serbia included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

In 2022, countries that imported more from Serbia than Denmark included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and Croatia ($1.25B).

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

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 2022, Denmark had a large net trade with Serbia in the exports of Mineral Products ($233M), Machines ($105M), and Chemical Products ($62.5M).

During 2017, Serbia had a large net trade with Denmark in the exports of Machines ($20.8M), Metals ($12.1M), and Miscellaneous ($10.1M).

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.

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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) (2022)

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