Greece (GRC) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Greece-Serbia Trade: In 2022, Greece exported $575M to Serbia. The main products that Greece exported to Serbia were Aluminium Plating ($64.2M), Aluminium Bars ($28.3M), and Raw Aluminium ($27.9M). Over the past 5 years the exports of Greece to Serbia have increased at an annualized rate of 11%, from $342M in 2017 to $575M in 2022.

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

Serbia-Greece Trade: In 2022, Serbia exported $313M to Greece. The main products that Serbia exported to Greece were Paper Containers ($20.9M), Soybean Oil ($18.8M), and Rubber Tires ($11.9M). Over the past 5 years the exports of Serbia to Greece have increased at an annualized rate of 4.88%, from $194M in 2017 to $313M in 2022.

In 2019, Serbia exported services to Greece worth $90.7M, with Transportation ($38.1M), Travel ($38.1M), and Other business services ($10.1M) being the largest in terms of value.

Comparison: In 2022, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). 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, Greece exported $575M to Serbia. The main products exported from Greece to Serbia were Aluminium Plating ($64.2M), Aluminium Bars ($28.3M), and Raw Aluminium ($27.9M). During the last 5 years the exports of Greece to Serbia have increased at an annualized rate of 11%, from $342M in 2017 to $575M in 2022.

In 2017, Serbia exported $313M to Greece. The main products exported from Serbia to Greece were Paper Containers ($20.9M), Soybean Oil ($18.8M), and Rubber Tires ($11.9M). During the last 5 years the exports of Serbia to Greece have increased at an annualized rate of 4.88%, from $194M in 2022 to $313M in 2017.

Exports from Greece () to Serbia () (2022)

Exports from Serbia () to Greece () (2022)

Latest Data

Trade between Greece () and Serbia ()

Greece Exports

Date

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$5.82B

Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Greece than Serbia included Italy ($5.82B), Cyprus ($2.92B), and Bulgaria ($3.62B).

In 2022, countries that imported more from Serbia than Greece included Bosnia and Herzegovina ($2.14B), Hungary ($1.69B), and Russia ($1.19B).

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

Comparative Advantage Greece - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Greece had a large net trade with Serbia in the exports of Metals ($200M), Vegetable Products ($61.5M), and Chemical Products ($61M).

During 2017, Serbia had a large net trade with Greece in the exports of Foodstuffs ($60.1M), Paper Goods ($51.5M), and Metals ($51.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Serbia+$17.6MRefined Petroleum

Top Product Potential Serbia Greece+$8.16MRefined Petroleum

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

Srb Year

In 2019, Serbia exported services to Greece worth $90.7M, with Transportation ($38.1M), Travel ($38.1M), and Other business services ($10.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Serbia () (2022)

Exports from Serbia () to Greece () (2022)

Latest Data

Trade between Greece () and Serbia ()

Greece Exports

Serbia Exports

Market Competitiveness

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

Comparative Advantage Greece - Serbia

Potential Exports

Potential Exports

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Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

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