2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH
53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC 
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
Rnk 32 / 186
2022
Flag
GDP PC
$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH
60.2%CURRENT US$
Rnk 27 / 186

About

Serbia-Albania Trade: In 2022, Serbia exported $215M to Albania. The main products that Serbia exported to Albania were Flavored Water ($20.2M), Wheat ($19.4M), and Corn ($13.1M). Over the past 5 years the exports of Serbia to Albania have increased at an annualized rate of 5.83%, from $162M in 2017 to $215M in 2022.

In 2009, Serbia exported services to Albania worth $8.79M, with Direct investment ($6.21M), Other business services ($993k), and Computer and information services ($392k) being the largest in terms of value.

Albania-Serbia Trade: In 2022, Albania exported $89.3M to Serbia. The main products that Albania exported to Serbia were Nitrogenous Fertilizers ($18.5M), Tomatoes ($10.6M), and Raw Iron Bars ($6.13M). Over the past 5 years the exports of Albania to Serbia have decreased at an annualized rate of 3.1%,  from $130M in 2017 to $89.3M in 2022.

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

Comparison: In 2022,  Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $215M to Albania. The main products exported from Serbia to Albania were Flavored Water ($20.2M), Wheat ($19.4M), and Corn ($13.1M). During the last 5 years the exports of Serbia to Albania have increased at an annualized rate of 5.83%, from $162M in 2017 to $215M in 2022.

In 2017, Albania exported $89.3M to Serbia. The main products exported from Albania to Serbia were Nitrogenous Fertilizers ($18.5M), Tomatoes ($10.6M), and Raw Iron Bars ($6.13M). During the last 5 years the exports of Albania to Serbia have decreased at an annualized rate of 3.1%, from $130M in 2022 to $89.3M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Albania (Flag)

Serbia Exports

Albania Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Albania
Top Destination
Italy$1.75B

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

In 2022, countries that imported more from Serbia than Albania included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Hungary ($1.69B).

In 2022, countries that imported more from Albania than Serbia included Greece ($421M), Malta ($27.4M), and Senegal ($7.9M).

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

Comparative Advantage Serbia - Albania

Flow
Scale

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

During 2022, Serbia had a large net trade with Albania in the exports of Foodstuffs ($42.2M), Vegetable Products ($37.7M), and Chemical Products ($24.6M).

During 2017, Albania had a large net trade with Serbia in the exports of Vegetable Products ($28.1M), Chemical Products ($18.5M), and Metals ($13.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Albania+$4.21MInsulated Wire
Top Product Potential Albania Serbia+$2.68MElectricity

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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Economic Complexity

Competitive Landscape

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

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

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