Sign In
Pricing

2022
Flag → Flag
Exports $290MRnk 84 / 220
2022
Flag → Flag
Top Product $30.7MLow-voltage Protection Equipment
2022
Flag → Flag
Exports $370MRnk 24 / 174
2022
Flag → Flag
Top Product $191MCopper Ore
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 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 $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

South Korea-Serbia Trade: In 2022, South Korea exported $290M to Serbia. The main products that South Korea exported to Serbia were Low-voltage Protection Equipment ($30.7M), Integrated Circuits ($28.6M), and Printed Circuit Boards ($24.3M). Over the past 5 years the exports of South Korea to Serbia have increased at an annualized rate of 16.4%, from $135M in 2017 to $290M in 2022.

In 2022, South Korea did not export any services to Serbia.

Serbia-South Korea Trade: In 2022, Serbia exported $370M to South Korea. The main products that Serbia exported to South Korea were Copper Ore ($191M), Corn ($104M), and Lead Ore ($28.8M). Over the past 5 years the exports of Serbia to South Korea have increased at an annualized rate of 42.9%,  from $62.2M in 2017 to $370M in 2022.

In 2019, Serbia exported services to South Korea worth $2.24M, with Insurance services ($1.12M) and Other business services ($1.12M) being the largest in terms of value.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $23.1M and imported $22.8M from Serbia, resulting in a positive trade balance of $273k. Between September 2023 and September 2024 the exports of South Korea have increased by $4.72M (25.7%) from $18.4M to $23.1M, while imports increased by $16.1M (241%) from $6.68M to $22.8M.

Trade In September 2024, the top exports of South Korea to Serbia were Electrical machinery and electronics ($10.4M), Machinery, mechanical appliances, & parts ($1.93M), Plastics & articles thereof ($1.19M), Cars, tractors, trucks & parts thereof. ($1.03M), and Rubber & articles thereof ($523k). In September 2024 the top imports of South Korea from Serbia were Soap, cleaners, candles, dental, modelling pastes ($2.38M), Ores, slag and ash ($1.66M), Optical, photo, & film equipment; medical... ($1.01M), Electrical machinery and electronics ($688k), and Machinery, mechanical appliances, & parts ($520k).

Growth In September 2024, the increase in South Korea's year-by-year exports to Serbia was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($1.1M or 131%), Plastics & articles thereof ($537k or 81.9%), and Paints, dyes, & varnishes ($316k or 2.87k%). In September 2024, the increase in South Korea's year-by-year imports  from Serbia was explained primarily by an increase in product imports  in Soap, cleaners, candles, dental, modelling pastes ($1.81M or 317%), Optical, photo, & film equipment; medical... ($828k or 460%), and Electrical machinery and electronics ($596k or 648%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$4.72M(25.7%)
IMPORT GROWTH (September 2023 - September 2024)$16.1M(241%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Serbia and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Serbia and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $290M to Serbia. The main products exported from South Korea to Serbia were Low-voltage Protection Equipment ($30.7M), Integrated Circuits ($28.6M), and Printed Circuit Boards ($24.3M). During the last 5 years the exports of South Korea to Serbia have increased at an annualized rate of 16.4%, from $135M in 2017 to $290M in 2022.

In 2017, Serbia exported $370M to South Korea. The main products exported from Serbia to South Korea were Copper Ore ($191M), Corn ($104M), and Lead Ore ($28.8M). During the last 5 years the exports of Serbia to South Korea have increased at an annualized rate of 42.9%, from $62.2M in 2022 to $370M in 2017.

Exports from South Korea (Flag) to Serbia (Flag) (2022)

Exports from Serbia (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from South Korea than Serbia included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Serbia than South Korea included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and Croatia ($1.25B).

Difference in imports from Serbia (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Serbia

Flow
Scale

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

During 2022, South Korea had a large net trade with Serbia in the exports of Machines ($183M), Plastics and Rubbers ($37.6M), and Transportation ($24.1M).

During 2017, Serbia had a large net trade with South Korea in the exports of Mineral Products ($226M), Vegetable Products ($105M), and Chemical Products ($10.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Serbia+$24.2MCars
Top Product Potential Serbia South Korea+$4.66MIntegrated Circuits

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2019, Serbia exported services to South Korea worth $2.24M, with Insurance services ($1.12M) and Other business services ($1.12M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia (Flag) to South Korea (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Serbia (Flag) (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms