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2022
Flag → Flag
Exports $873kRnk 77 / 160
2022
Flag → Flag
Top Product $410kSpecial Purpose Ships
2022
Flag → Flag
Exports $5.83MRnk 84 / 174
2022
Flag → Flag
Top Product $1.07MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

Iceland-Serbia Trade: In 2022, Iceland exported $873k to Serbia. The main products that Iceland exported to Serbia were Special Purpose Ships ($410k), Non-fillet Frozen Fish ($269k), and Refined Petroleum ($96.3k). Over the past 5 years the exports of Iceland to Serbia have increased at an annualized rate of 15.9%, from $418k in 2017 to $873k in 2022.

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

Serbia-Iceland Trade: In 2022, Serbia exported $5.83M to Iceland. The main products that Serbia exported to Iceland were Packaged Medicaments ($1.07M), Rubber Tires ($824k), and Cellulose Fibers Paper ($591k). Over the past 5 years the exports of Serbia to Iceland have increased at an annualized rate of 13.6%,  from $3.08M in 2017 to $5.83M in 2022.

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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, Iceland exported $873k to Serbia. The main products exported from Iceland to Serbia were Special Purpose Ships ($410k), Non-fillet Frozen Fish ($269k), and Refined Petroleum ($96.3k). During the last 5 years the exports of Iceland to Serbia have increased at an annualized rate of 15.9%, from $418k in 2017 to $873k in 2022.

In 2017, Serbia exported $5.83M to Iceland. The main products exported from Serbia to Iceland were Packaged Medicaments ($1.07M), Rubber Tires ($824k), and Cellulose Fibers Paper ($591k). During the last 5 years the exports of Serbia to Iceland have increased at an annualized rate of 13.6%, from $3.08M in 2022 to $5.83M in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Serbia (Flag)

Iceland Exports

Serbia Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Iceland than Serbia included Netherlands ($1.97B), Norway ($459M), and Denmark ($257M).

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

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

Comparative Advantage Iceland - Serbia

Flow
Scale

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

During 2022, Iceland had a large net trade with Serbia in the exports of Transportation ($410k), Animal Products ($313k), and Mineral Products ($96.3k).

During 2017, Serbia had a large net trade with Iceland in the exports of Plastics and Rubbers ($1.45M), Chemical Products ($1.3M), and Paper Goods ($619k).

Economic Complexity

Competitive Landscape

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

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

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