Russia-Serbia Trade: In 2022, Russia exported $3.05B to Serbia. The main products that Russia exported to Serbia were Crude Petroleum ($1.05B), Petroleum Gas ($1.01B), and Nitrogenous Fertilizers ($207M). Over the past 5 years the exports of Russia to Serbia have increased at an annualized rate of 15.6%, from $1.47B in 2017 to $3.05B in 2022.
In 2020, Russia exported services to Serbia worth $240M, with Construction services ($104M), Other business services ($82.9M), and Transportation ($20.3M) being the largest in terms of value.
Serbia-Russia Trade: In 2022, Serbia exported $1.19B to Russia. The main products that Serbia exported to Russia were Apples and Pears ($75.5M), Refrigerators ($74.5M), and Knit Socks and Hosiery ($69.3M). Over the past 5 years the exports of Serbia to Russia have increased at an annualized rate of 2.66%, from $1.05B in 2017 to $1.19B in 2022.
In 2019, Serbia exported services to Russia worth $237M, with Construction services ($86.2M), Transportation ($54.9M), and Other business services ($53.7M) being the largest in terms of value.
Comparison: In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).