2022
Flag  
GDP
$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC 
$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH
7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
Rnk 32 / 186

About

United Kingdom-Serbia Trade: In 2022, United Kingdom exported $320M to Serbia. The main products that United Kingdom exported to Serbia were Gas Turbines ($40M), Large Construction Vehicles ($13.5M), and Hard Liquor ($10.2M). Over the past 5 years the exports of United Kingdom to Serbia have increased at an annualized rate of 6.98%, from $229M in 2017 to $320M in 2022.

In 2022, United Kingdom did not export any services to Serbia.

Serbia-United Kingdom Trade: In 2022, Serbia exported $530M to United Kingdom. The main products that Serbia exported to United Kingdom were Rubber Tires ($83.9M), Insulated Wire ($50.7M), and Frozen Fruits and Nuts ($39.6M). Over the past 5 years the exports of Serbia to United Kingdom have increased at an annualized rate of 9.71%,  from $334M in 2017 to $530M in 2022.

In 2019, Serbia exported services to United Kingdom worth $667M, with Other business services ($213M), Computer and information services ($161M), and Transportation ($141M) being the largest in terms of value.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). 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, United Kingdom exported $320M to Serbia. The main products exported from United Kingdom to Serbia were Gas Turbines ($40M), Large Construction Vehicles ($13.5M), and Hard Liquor ($10.2M). During the last 5 years the exports of United Kingdom to Serbia have increased at an annualized rate of 6.98%, from $229M in 2017 to $320M in 2022.

In 2017, Serbia exported $530M to United Kingdom. The main products exported from Serbia to United Kingdom were Rubber Tires ($83.9M), Insulated Wire ($50.7M), and Frozen Fruits and Nuts ($39.6M). During the last 5 years the exports of Serbia to United Kingdom have increased at an annualized rate of 9.71%, from $334M in 2022 to $530M in 2017.

Exports from United Kingdom (Flag) to Serbia (Flag) (2022)

Exports from Serbia (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top Destination
United States$61.8B
Serbia
Top Destination
Germany$4B

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

In 2022, countries that imported more from United Kingdom than Serbia included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

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

Difference in imports from Serbia (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Serbia

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Serbia in the exports of Machines ($128M), Chemical Products ($39.1M), and Plastics and Rubbers ($25.4M).

During 2017, Serbia had a large net trade with United Kingdom in the exports of Machines ($157M), Plastics and Rubbers ($111M), and Vegetable Products ($55.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Serbia+$15.6MCars
Top Product Potential Serbia United Kingdom+$38.1MInsulated Wire

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 United Kingdom worth $667M, with Other business services ($213M), Computer and information services ($161M), and Transportation ($141M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia (Flag) to United Kingdom (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Serbia (Flag) (2022)

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