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2023
Flag → Flag
Exports $532MRnk 27 / 214
2023
Flag → Flag
Top Product $47.8MAluminium Plating
2023
Flag → Flag
Exports $363MRnk 26 / 184
2023
Flag → Flag
Top Product $26.4MPaper Containers
2023
Flag
Economic Complexity (ECI) ECI 0.4Rnk 46 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 35 / 132
2023
Flag  
GDP$243BCURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP GROWTH2.93%CURRENT US$
Rnk 166 / 195
2023
Flag
 GDP$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
GDP PC $23,401CURRENT US$
Rnk 53 / 195
2013-2023
Flag
GDP PC GROWTH8.47%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC$12,282CURRENT US$
Rnk 82 / 196
2013-2023
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GDP PC GROWTH74.4%CURRENT US$
Rnk 20 / 195

About

Greece-Serbia Trade: In 2023, Greece exported $532M to Serbia. The main products that Greece exported to Serbia were Aluminium Plating ($47.8M), Packaged Medicaments ($30.8M), and Citrus ($29.1M). Over the past 5 years the exports of Greece to Serbia have increased at an annualized rate of 9.23%, from $342M in 2018 to $532M in 2023.

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

Serbia-Greece Trade: In 2023, Serbia exported $363M to Greece. The main products that Serbia exported to Greece were Paper Containers ($26.4M), Refined Copper ($25.3M), and Cellulose Fibers Paper ($17.6M). Over the past 5 years the exports of Serbia to Greece have increased at an annualized rate of 9.02%,  from $236M in 2018 to $363M in 2023.

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 2023,  Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). 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
Value

In 2023, Greece exported $532M to Serbia. The main products exported from Greece to Serbia were Aluminium Plating ($47.8M), Packaged Medicaments ($30.8M), and Citrus ($29.1M). During the last 5 years the exports of Greece to Serbia have increased at an annualized rate of 9.23%, from $342M in 2018 to $532M in 2023.

In 2018, Serbia exported $363M to Greece. The main products exported from Serbia to Greece were Paper Containers ($26.4M), Refined Copper ($25.3M), and Cellulose Fibers Paper ($17.6M). During the last 5 years the exports of Serbia to Greece have increased at an annualized rate of 9.02%, from $236M in 2023 to $363M in 2018.

Exports from Greece (Flag) to Serbia (Flag) (2023)

Exports from Serbia (Flag) to Greece (Flag) (2023)

Latest Data

Trade between Greece (Flag) and Serbia (Flag)

Greece Exports

Serbia Exports

Market Competitiveness

Color
Greece
Top DestinationItaly$6.21B
Serbia
Top DestinationGermany$4.76B

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 2023, countries that imported more from Greece than Serbia included Italy ($6.21B), Cyprus ($3.03B), and Lebanon ($1.78B).

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

Difference in imports from Serbia (Flag) and Greece (Flag) (2023)

Comparative Advantage Greece - Serbia

Flow
Scale

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

During 2023, Greece had a large net trade with Serbia in the exports of Metals ($155M), Vegetable Products ($81.3M), and Chemical Products ($71.1M).

During 2018, Serbia had a large net trade with Greece in the exports of Metals ($74.6M), Foodstuffs ($60.6M), and Paper Goods ($60.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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 (Flag) to Greece (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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.

Product Space of Greece (Flag) and Serbia (Flag) (2023)

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