Serbia / Germany

Serbia-Germany Trade: In 2022, Serbia exported $4B to Germany. The main products that Serbia exported to Germany were Insulated Wire ($550M), Electric Motors ($398M), and Electric Motor Parts ($286M). Over the past 5 years the exports of Serbia to Germany have increased at an annualized rate of 13.3%, from $2.14B in 2017 to $4B in 2022.

In 2019, Serbia exported services to Germany worth $708M, with Other business services ($250M), Transportation ($146M), and Computer and information services ($122M) being the largest in terms of value.

Germany-Serbia Trade: In 2022, Germany exported $4.74B to Serbia. The main products that Germany exported to Serbia were Copper Wire ($254M), Packaged Medicaments ($241M), and Cars ($213M). Over the past 5 years the exports of Germany to Serbia have increased at an annualized rate of 3.47%,  from $2.84B in 2017 to $4.74B in 2022.

In 2022, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).