Serbia / Belgium

Serbia-Belgium Trade: In 2022, Serbia exported $311M to Belgium. The main products that Serbia exported to Belgium were Frozen Fruits and Nuts ($55.5M), Insulated Wire ($28.5M), and Packing Bags ($21.9M). Over the past 5 years the exports of Serbia to Belgium have increased at an annualized rate of 9.5%, from $197M in 2017 to $311M in 2022.

In 2019, Serbia exported services to Belgium worth $213M, with Transportation ($96.3M), Other business services ($67.2M), and Travel ($19M) being the largest in terms of value.

Belgium-Serbia Trade: In 2022, Belgium exported $553M to Serbia. The main products that Belgium exported to Serbia were Vaccines, blood, antisera, toxins and cultures ($52.3M), Ethylene Polymers ($32.3M), and Packaged Medicaments ($32.1M). Over the past 5 years the exports of Belgium to Serbia have increased at an annualized rate of 11.3%,  from $324M in 2017 to $553M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).