2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 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
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186

About

Serbia-Spain Trade: In 2022, Serbia exported $670M to Spain. The main products that Serbia exported to Spain were Copper Ore ($313M), Rubber Tires ($107M), and Seats ($27.9M). Over the past 5 years the exports of Serbia to Spain have increased at an annualized rate of 25.7%, from $214M in 2017 to $670M in 2022.

In 2019, Serbia exported services to Spain worth $67.2M, with Travel ($26.9M), Other business services ($19M), and Transportation ($7.84M) being the largest in terms of value.

Spain-Serbia Trade: In 2022, Spain exported $668M to Serbia. The main products that Spain exported to Serbia were Pig Meat ($64.7M), Vaccines, blood, antisera, toxins and cultures ($50.1M), and Planes, Helicopters, and/or Spacecraft ($27.8M). Over the past 5 years the exports of Spain to Serbia have increased at an annualized rate of 15.6%,  from $324M in 2017 to $668M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $670M to Spain. The main products exported from Serbia to Spain were Copper Ore ($313M), Rubber Tires ($107M), and Seats ($27.9M). During the last 5 years the exports of Serbia to Spain have increased at an annualized rate of 25.7%, from $214M in 2017 to $670M in 2022.

In 2017, Spain exported $668M to Serbia. The main products exported from Spain to Serbia were Pig Meat ($64.7M), Vaccines, blood, antisera, toxins and cultures ($50.1M), and Planes, Helicopters, and/or Spacecraft ($27.8M). During the last 5 years the exports of Spain to Serbia have increased at an annualized rate of 15.6%, from $324M in 2022 to $668M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Spain (Flag)

Serbia Exports

Spain Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Spain
Top Destination
France$65.2B

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

In 2022, countries that imported more from Serbia than Spain included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and North Macedonia ($1.03B).

In 2022, countries that imported more from Spain than Serbia included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Serbia - Spain

Flow
Scale

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

During 2022, Serbia had a large net trade with Spain in the exports of Mineral Products ($313M), Plastics and Rubbers ($145M), and Machines ($43.8M).

During 2017, Spain had a large net trade with Serbia in the exports of Chemical Products ($107M), Machines ($90.8M), and Animal Products ($89.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Spain+$13.4MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Spain Serbia+$22.9MCars

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 Spain. This means that a dot/product with the flag of Serbia indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Serbia.

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

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