2023
Flag  
GDP
$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH
30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP
$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH
61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
GDP PC 
$64,572CURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 96 / 195
2023
Flag
GDP PC
$12,282CURRENT US$
Rnk 82 / 196
2013-2023
Flag
GDP PC GROWTH
74.4%CURRENT US$
Rnk 20 / 195

About

Netherlands-Serbia Trade: In 2023, Netherlands exported $705M to Serbia. The main products that Netherlands exported to Serbia were Processed Tobacco ($44.8M), Tractors ($44.3M), and Rubberworking Machinery ($23M). Over the past 5 years the exports of Netherlands to Serbia have increased at an annualized rate of 8.59%, from $467M in 2018 to $705M in 2023.

In 2009, Netherlands exported services to Serbia worth $59.9M, with Services not allocated ($59.9M) being the largest in terms of value.

Serbia-Netherlands Trade: In 2023, Serbia exported $447M to Netherlands. The main products that Serbia exported to Netherlands were Liquid Pumps ($65.6M), Passenger and Cargo Ships ($41.8M), and Frozen Fruits and Nuts ($25.1M). Over the past 5 years the exports of Serbia to Netherlands have increased at an annualized rate of 2.05%,  from $404M in 2018 to $447M in 2023.

In 2019, Serbia exported services to Netherlands worth $222M, with Computer and information services ($84M), Other business services ($80.6M), and Transportation ($32.5M) being the largest in terms of value.

Comparison: In 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B). 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, Netherlands exported $705M to Serbia. The main products exported from Netherlands to Serbia were Processed Tobacco ($44.8M), Tractors ($44.3M), and Rubberworking Machinery ($23M). During the last 5 years the exports of Netherlands to Serbia have increased at an annualized rate of 8.59%, from $467M in 2018 to $705M in 2023.

In 2018, Serbia exported $447M to Netherlands. The main products exported from Serbia to Netherlands were Liquid Pumps ($65.6M), Passenger and Cargo Ships ($41.8M), and Frozen Fruits and Nuts ($25.1M). During the last 5 years the exports of Serbia to Netherlands have increased at an annualized rate of 2.05%, from $404M in 2023 to $447M in 2018.

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

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

Market Competitiveness

Color
Netherlands
Top Destination
Germany$96.9B
Serbia
Top Destination
Germany$4.76B

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

In 2023, countries that imported more from Netherlands than Serbia included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

In 2023, countries that imported more from Serbia than Netherlands included Bosnia and Herzegovina ($1.77B), Montenegro ($995M), and North Macedonia ($932M).

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

Comparative Advantage Netherlands - Serbia

Flow
Scale

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

During 2023, Netherlands had a large net trade with Serbia in the exports of Machines ($138M), Foodstuffs ($116M), and Chemical Products ($81.7M).

During 2018, Serbia had a large net trade with Netherlands in the exports of Machines ($110M), Transportation ($63.2M), and Vegetable Products ($56.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Serbia+$19.1MPackaged Medicaments
Top Product Potential Serbia Netherlands+$12.8MMotor vehicles; parts and accessories (8701 to 8705)

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

Nld Year

In 2009, Netherlands exported services to Serbia worth $59.9M, with Services not allocated ($59.9M) being the largest in terms of value.

In 2019, Serbia exported services to Netherlands worth $222M, with Computer and information services ($84M), Other business services ($80.6M), and Transportation ($32.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Netherlands (Flag) to Serbia (Flag) (2009)

Services Exports from Serbia (Flag) to Netherlands (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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