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

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Estonia-Serbia Trade: In 2023, Estonia exported $18M to Serbia. The main products that Estonia exported to Serbia were Processed Fish ($2.38M), Glaziers Putty ($1.24M), and Centrifuges ($1.11M). Over the past 5 years the exports of Estonia to Serbia have increased at an annualized rate of 12.8%, from $9.85M in 2018 to $18M in 2023.

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

Serbia-Estonia Trade: In 2023, Serbia exported $37.4M to Estonia. The main products that Serbia exported to Estonia were Explosive Ammunition ($16.6M), Lead Ore ($3.34M), and Buses ($2.37M). Over the past 5 years the exports of Serbia to Estonia have increased at an annualized rate of 39.4%, from $7.11M in 2018 to $37.4M in 2023.

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 2023, Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Estonia exported $18M to Serbia. The main products exported from Estonia to Serbia were Processed Fish ($2.38M), Glaziers Putty ($1.24M), and Centrifuges ($1.11M). During the last 5 years the exports of Estonia to Serbia have increased at an annualized rate of 12.8%, from $9.85M in 2018 to $18M in 2023.

In 2018, Serbia exported $37.4M to Estonia. The main products exported from Serbia to Estonia were Explosive Ammunition ($16.6M), Lead Ore ($3.34M), and Buses ($2.37M). During the last 5 years the exports of Serbia to Estonia have increased at an annualized rate of 39.4%, from $7.11M in 2023 to $37.4M in 2018.

Exports from Estonia () to Serbia () (2023)

Exports from Serbia () to Estonia () (2023)

Latest Data

Trade between Estonia () and Serbia ()

Estonia Exports

Date

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$2.71B

Serbia
Top DestinationGermany$4.76B

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 2023, countries that imported more from Estonia than Serbia included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

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

Difference in imports from Serbia () and Estonia () (2023)

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 2023, Estonia had a large net trade with Serbia in the exports of Machines ($4.49M), Foodstuffs ($3.54M), and Chemical Products ($2.89M).

During 2018, Serbia had a large net trade with Estonia in the exports of Weapons ($16.7M), Mineral Products ($3.34M), and Machines ($3.17M).

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 () (2023)

Exports from Serbia () to Estonia () (2023)

Latest Data

Trade between Estonia () and Serbia ()

Estonia Exports

Serbia Exports

Market Competitiveness

Difference in imports from Serbia () and Estonia () (2023)

Comparative Advantage Estonia - Serbia

Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Estonia () and Serbia () (2023)

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