2022
Flag  
GDP
$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH
43.7%CURRENT US$
Rnk 79 / 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 
$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH
30.5%CURRENT US$
Rnk 62 / 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

Indonesia-Serbia Trade: In 2022, Indonesia exported $71.2M to Serbia. The main products that Indonesia exported to Serbia were Lignite ($15.3M), Raw Tin ($12.4M), and Rubber ($7.99M). Over the past 5 years the exports of Indonesia to Serbia have increased at an annualized rate of 16.3%, from $33.5M in 2017 to $71.2M in 2022.

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

Serbia-Indonesia Trade: In 2022, Serbia exported $4.39M to Indonesia. The main products that Serbia exported to Indonesia were Other Edible Preparations ($1.59M), Pulley Systems ($732k), and Liquid Pumps ($434k). Over the past 5 years the exports of Serbia to Indonesia have decreased at an annualized rate of 20%,  from $13.4M in 2017 to $4.39M in 2022.

In 2009, Serbia exported services to Indonesia worth $2.1M, with Other business services ($1.37M), Compensation of employees ($227k), and Workers' remittances ($190k) being the largest in terms of value.

Comparison: In 2022,  Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). 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, Indonesia exported $71.2M to Serbia. The main products exported from Indonesia to Serbia were Lignite ($15.3M), Raw Tin ($12.4M), and Rubber ($7.99M). During the last 5 years the exports of Indonesia to Serbia have increased at an annualized rate of 16.3%, from $33.5M in 2017 to $71.2M in 2022.

In 2017, Serbia exported $4.39M to Indonesia. The main products exported from Serbia to Indonesia were Other Edible Preparations ($1.59M), Pulley Systems ($732k), and Liquid Pumps ($434k). During the last 5 years the exports of Serbia to Indonesia have decreased at an annualized rate of 20%, from $13.4M in 2022 to $4.39M in 2017.

Exports from Indonesia (Flag) to Serbia (Flag) (2022)

Exports from Serbia (Flag) to Indonesia (Flag) (2022)

Latest Data

Trade between Indonesia (Flag) and Serbia (Flag)

Indonesia Exports

Serbia Exports

Market Competitiveness

Color
Indonesia
Top Destination
China$67.7B
Serbia
Top Destination
Germany$4B

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

In 2022, countries that imported more from Indonesia than Serbia included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

In 2022, countries that imported more from Serbia than Indonesia included Bosnia and Herzegovina ($2.14B), Hungary ($1.69B), and Romania ($1.31B).

Difference in imports from Serbia (Flag) and Indonesia (Flag) (2022)

Comparative Advantage Indonesia - Serbia

Flow
Scale

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

During 2022, Indonesia had a large net trade with Serbia in the exports of Metals ($15.7M), Mineral Products ($15.3M), and Plastics and Rubbers ($8.61M).

During 2017, Serbia had a large net trade with Indonesia in the exports of Foodstuffs ($1.9M), Machines ($1.66M), and Instruments ($146k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Serbia+$5.08MLignite
Top Product Potential Serbia Indonesia+$1.84MOther Edible Preparations

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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Economic Complexity

Competitive Landscape

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

Product Space of Indonesia (Flag) and Serbia (Flag) (2022)

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