2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 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
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186

About

Serbia-Estonia Trade: In 2022, Serbia exported $22.6M to Estonia. The main products that Serbia exported to Estonia were Explosive Ammunition ($3.48M), Buses ($2.26M), and Plastic Lids ($1.75M). Over the past 5 years the exports of Serbia to Estonia have increased at an annualized rate of 28.7%, from $6.42M in 2017 to $22.6M in 2022.

In 2019, Serbia exported services to Estonia worth $12.3M, with Transportation ($3.36M), Computer and information services ($3.36M), and Other business services ($3.36M) being the largest in terms of value.

Estonia-Serbia Trade: In 2022, Estonia exported $15.3M to Serbia. The main products that Estonia exported to Serbia were Processed Fish ($2.08M), Glaziers Putty ($1.42M), and Buses ($1.27M). Over the past 5 years the exports of Estonia to Serbia have decreased at an annualized rate of 1.19%,  from $16.2M in 2017 to $15.3M in 2022.

In 2022, Estonia 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $22.6M to Estonia. The main products exported from Serbia to Estonia were Explosive Ammunition ($3.48M), Buses ($2.26M), and Plastic Lids ($1.75M). During the last 5 years the exports of Serbia to Estonia have increased at an annualized rate of 28.7%, from $6.42M in 2017 to $22.6M in 2022.

In 2017, Estonia exported $15.3M to Serbia. The main products exported from Estonia to Serbia were Processed Fish ($2.08M), Glaziers Putty ($1.42M), and Buses ($1.27M). During the last 5 years the exports of Estonia to Serbia have decreased at an annualized rate of 1.19%, from $16.2M in 2022 to $15.3M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Estonia (Flag)

Serbia Exports

Estonia Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Estonia
Top Destination
Finland$3B

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

In 2022, countries that imported more from Serbia than Estonia included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

In 2022, countries that imported more from Estonia than Serbia included Finland ($3B), Latvia ($2.77B), and Lithuania ($1.51B).

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

Comparative Advantage Serbia - Estonia

Flow
Scale

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

During 2022, Serbia had a large net trade with Estonia in the exports of Machines ($4.88M), Plastics and Rubbers ($3.73M), and Weapons ($3.51M).

During 2017, Estonia had a large net trade with Serbia in the exports of Transportation ($3.14M), Machines ($2.94M), and Foodstuffs ($2.84M).

Economic Complexity

Competitive Landscape

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

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

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