2023
Flag  
GDP
$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH
61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
 GDP
$3.79BCURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP GROWTH
18.5%CURRENT US$
Rnk 145 / 195
2023
Flag
GDP PC 
$12,282CURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP PC GROWTH
74.4%CURRENT US$
Rnk 20 / 195
2023
Flag
GDP PC
$46,812CURRENT US$
Rnk 29 / 196
2013-2023
Flag
GDP PC GROWTH
10.2%CURRENT US$
Rnk 132 / 195

About

Serbia-Andorra Trade: In 2023, Serbia exported $31.9k to Andorra. The main products that Serbia exported to Andorra were Brooms ($9.79k), Other Paper Machinery ($7.32k), and Mattresses ($6.68k). Over the past 5 years the exports of Serbia to Andorra have decreased at an annualized rate of 9.21%, from $51.7k in 2018 to $31.9k in 2023.

In 2009, Serbia exported services to Andorra worth $256k, with Personal, cultural, and recreational services ($191k), Workers' remittances ($64k), and Communications services ($752) being the largest in terms of value.

Andorra-Serbia Trade: In 2023, Andorra exported $18.3k to Serbia. The main products that Andorra exported to Serbia were Textile Footwear ($3.84k), Non-Knit Men's Suits ($2.35k), and Non-Knit Women's Suits ($1.82k). Over the past 5 years the exports of Andorra to Serbia have decreased at an annualized rate of 28.7%,  from $99.4k in 2018 to $18.3k in 2023.

In 2023, Andorra did not export any services to Serbia.

Comparison In 2023,  Serbia ranked 35 in the Economic Complexity Index (ECI 0.76),  and 69 in total exports ($32.6B). That same year, Andorra ranked 180 in total exports ($253M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Serbia exported $31.9k to Andorra. The main products exported from Serbia to Andorra were Brooms ($9.79k), Other Paper Machinery ($7.32k), and Mattresses ($6.68k). During the last 5 years the exports of Serbia to Andorra have decreased at an annualized rate of 9.21%, from $51.7k in 2018 to $31.9k in 2023.

In 2018, Andorra exported $18.3k to Serbia. The main products exported from Andorra to Serbia were Textile Footwear ($3.84k), Non-Knit Men's Suits ($2.35k), and Non-Knit Women's Suits ($1.82k). During the last 5 years the exports of Andorra to Serbia have decreased at an annualized rate of 28.7%, from $99.4k in 2023 to $18.3k in 2018.

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

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

Latest Data

Trade between Serbia (Flag) and Andorra (Flag)

Serbia Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4.76B
Andorra
Top Destination
Spain$99.1M

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

In 2023, countries that imported more from Serbia than Andorra included Germany ($4.76B), Hungary ($2.26B), and Bosnia and Herzegovina ($1.77B).

In 2023, countries that imported more from Andorra than Serbia included El Salvador ($2.76M), Bahamas ($379k), and Liberia ($210k).

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

Comparative Advantage Serbia - Andorra

Flow
Scale

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

During 2023, Serbia had a large net trade with Andorra in the exports of Miscellaneous ($16.5k), Machines ($7.32k), and Plastics and Rubbers ($5.86k).

During 2018, Andorra had a large net trade with Serbia in the exports of Textiles ($8.86k), Footwear and Headwear ($5.87k), and Miscellaneous ($864).

Economic Complexity

Competitive Landscape

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

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

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