Iran (IRN) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Iran-Serbia Trade: In 2022, Iran exported $56.3M to Serbia. The main products that Iran exported to Serbia were Styrene Polymers ($23.3M), Ethylene Polymers ($15.3M), and Refined Petroleum ($3.06M). Over the past 5 years the exports of Iran to Serbia have increased at an annualized rate of 28.6%, from $16M in 2017 to $56.3M in 2022.

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

Serbia-Iran Trade: In 2022, Serbia exported $2.89M to Iran. The main products that Serbia exported to Iran were Boron ($410k), Gaskets ($379k), and Corn ($317k). Over the past 5 years the exports of Serbia to Iran have decreased at an annualized rate of 28.8%, from $15.8M in 2017 to $2.89M in 2022.

In 2009, Serbia exported services to Iran worth $138k, with Compensation of employees ($113k), Workers' remittances ($49.4k), and Personal, cultural, and recreational services ($25.2k) being the largest in terms of value.

Comparison: In 2022, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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, Iran exported $56.3M to Serbia. The main products exported from Iran to Serbia were Styrene Polymers ($23.3M), Ethylene Polymers ($15.3M), and Refined Petroleum ($3.06M). During the last 5 years the exports of Iran to Serbia have increased at an annualized rate of 28.6%, from $16M in 2017 to $56.3M in 2022.

In 2017, Serbia exported $2.89M to Iran. The main products exported from Serbia to Iran were Boron ($410k), Gaskets ($379k), and Corn ($317k). During the last 5 years the exports of Serbia to Iran have decreased at an annualized rate of 28.8%, from $15.8M in 2022 to $2.89M in 2017.

Exports from Iran () to Serbia () (2022)

Exports from Serbia () to Iran () (2022)

Latest Data

Trade between Iran () and Serbia ()

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$5.72B

Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Iran than Serbia included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

In 2022, countries that imported more from Serbia than Iran included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

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

Comparative Advantage Iran - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iran had a large net trade with Serbia in the exports of Plastics and Rubbers ($40M), Metals ($5.03M), and Mineral Products ($3.58M).

During 2017, Serbia had a large net trade with Iran in the exports of Machines ($870k), Vegetable Products ($715k), and Chemical Products ($470k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Serbia+$5.14MEthylene Polymers

Top Product Potential Serbia Iran+$1.25MCorn

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Serbia () (2022)

Exports from Serbia () to Iran () (2022)

Latest Data

Trade between Iran () and Serbia ()

Serbia Exports

Market Competitiveness

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

Comparative Advantage Iran - Serbia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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