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2022
Flag → Flag
Exports $1.52BRnk 17 / 196
2022
Flag → Flag
Exports $1.31BRnk 5 / 174
2022
Flag → Flag
Top Product $130MCorn
2022
Flag
Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
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Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
Flag  
GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
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GDP GROWTH68.2%CURRENT US$
Rnk 30 / 186
2022
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 GDP$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
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GDP GROWTH46.6%CURRENT US$
Rnk 71 / 186
2022
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GDP PC $15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186
2022
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GDP PC$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

Romania-Serbia Trade: In 2022, Romania exported $1.52B to Serbia. The main products that Romania exported to Serbia were N/A. Over the past 5 years the exports of Romania to Serbia have increased at an annualized rate of 13.1%, from $820M in 2017 to $1.52B in 2022.

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

Serbia-Romania Trade: In 2022, Serbia exported $1.31B to Romania. The main products that Serbia exported to Romania were Corn ($130M), Electricity ($120M), and Insulated Wire ($103M). Over the past 5 years the exports of Serbia to Romania have increased at an annualized rate of 10.2%,  from $805M in 2017 to $1.31B in 2022.

In 2019, Serbia exported services to Romania worth $91.8M, with Transportation ($36.9M), Travel ($28M), and Other business services ($17.9M) being the largest in terms of value.

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Latest Data

Trade between Romania (Flag) and Serbia (Flag)

Romania Exports

Serbia Exports

Market Competitiveness

Color
Romania
Top DestinationGermany$18.8B
Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Romania than Serbia included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2022, countries that imported more from Serbia than Romania included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and North Macedonia ($1.03B).

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Serbia+$28.8MCars
Top Product Potential Serbia Romania+$43.5MInsulated Wire

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

In 2019, Serbia exported services to Romania worth $91.8M, with Transportation ($36.9M), Travel ($28M), and Other business services ($17.9M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Romania (Flag) and Serbia (Flag) (NaN)

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