Estonia (EST) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Estonia-Serbia Trade: In 2022, Estonia exported $15.3M to Serbia. The main products that Estonia exported to Serbia were Processed Fish ($2.08M), Glaziers Putty ($1.42M), and Buses ($1.27M). Over the past 5 years the exports of Estonia to Serbia have decreased at an annualized rate of 1.19%, from $16.2M in 2017 to $15.3M in 2022.

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

Serbia-Estonia Trade: In 2022, Serbia exported $22.6M to Estonia. The main products that Serbia exported to Estonia were Explosive Ammunition ($3.48M), Buses ($2.26M), and Plastic Lids ($1.75M). Over the past 5 years the exports of Serbia to Estonia have increased at an annualized rate of 23.4%, from $6.42M in 2017 to $22.6M in 2022.

In 2019, Serbia exported services to Estonia worth $12.3M, with Transportation ($3.36M), Computer and information services ($3.36M), and Other business services ($3.36M) being the largest in terms of value.

Comparison In 2022, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Estonia exported $15.3M to Serbia. The main products exported from Estonia to Serbia were Processed Fish ($2.08M), Glaziers Putty ($1.42M), and Buses ($1.27M). During the last 5 years the exports of Estonia to Serbia have decreased at an annualized rate of 1.19%, from $16.2M in 2017 to $15.3M in 2022.

In 2017, Serbia exported $22.6M to Estonia. The main products exported from Serbia to Estonia were Explosive Ammunition ($3.48M), Buses ($2.26M), and Plastic Lids ($1.75M). During the last 5 years the exports of Serbia to Estonia have increased at an annualized rate of 23.4%, from $6.42M in 2022 to $22.6M in 2017.

Exports from Estonia () to Serbia () (2022)

Exports from Serbia () to Estonia () (2022)

Latest Data

Trade between Estonia () and Serbia ()

Estonia Exports

Date

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$3B

Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Estonia than Serbia included Finland ($3B), Latvia ($2.77B), and Lithuania ($1.51B).

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

Difference in imports from Serbia () and Estonia () (2022)

Comparative Advantage Estonia - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Estonia had a large net trade with Serbia in the exports of Transportation ($3.14M), Machines ($2.94M), and Foodstuffs ($2.84M).

During 2017, Serbia had a large net trade with Estonia in the exports of Machines ($4.88M), Plastics and Rubbers ($3.73M), and Weapons ($3.51M).

Potential Exports

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Bilateral Service Trade

Srb Year

In 2019, Serbia exported services to Estonia worth $12.3M, with Transportation ($3.36M), Computer and information services ($3.36M), and Other business services ($3.36M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia () to Estonia () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Estonia () to Serbia () (2022)

Exports from Serbia () to Estonia () (2022)

Latest Data

Trade between Estonia () and Serbia ()

Estonia Exports

Serbia Exports

Market Competitiveness

Difference in imports from Serbia () and Estonia () (2022)

Comparative Advantage Estonia - Serbia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Serbia () to Estonia () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Estonia () and Serbia () (2022)

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