2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH
43.7%CURRENT US$
Rnk 79 / 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
$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH
30.5%CURRENT US$
Rnk 62 / 186

About

Serbia-Indonesia Trade: In 2022, Serbia exported $4.39M to Indonesia. The main products that Serbia exported to Indonesia were Other Edible Preparations ($1.59M), Pulley Systems ($732k), and Liquid Pumps ($434k). Over the past 5 years the exports of Serbia to Indonesia have decreased at an annualized rate of 20%, from $13.4M in 2017 to $4.39M in 2022.

In 2009, Serbia exported services to Indonesia worth $2.1M, with Other business services ($1.37M), Compensation of employees ($227k), and Workers' remittances ($190k) being the largest in terms of value.

Indonesia-Serbia Trade: In 2022, Indonesia exported $71.2M to Serbia. The main products that Indonesia exported to Serbia were Lignite ($15.3M), Raw Tin ($12.4M), and Rubber ($7.99M). Over the past 5 years the exports of Indonesia to Serbia have increased at an annualized rate of 16.3%,  from $33.5M in 2017 to $71.2M in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $4.39M to Indonesia. The main products exported from Serbia to Indonesia were Other Edible Preparations ($1.59M), Pulley Systems ($732k), and Liquid Pumps ($434k). During the last 5 years the exports of Serbia to Indonesia have decreased at an annualized rate of 20%, from $13.4M in 2017 to $4.39M in 2022.

In 2017, Indonesia exported $71.2M to Serbia. The main products exported from Indonesia to Serbia were Lignite ($15.3M), Raw Tin ($12.4M), and Rubber ($7.99M). During the last 5 years the exports of Indonesia to Serbia have increased at an annualized rate of 16.3%, from $33.5M in 2022 to $71.2M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Indonesia (Flag)

Serbia Exports

Indonesia Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Indonesia
Top Destination
China$67.7B

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

In 2022, countries that imported more from Serbia than Indonesia included Bosnia and Herzegovina ($2.14B), Hungary ($1.69B), and Romania ($1.31B).

In 2022, countries that imported more from Indonesia than Serbia included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

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

Comparative Advantage Serbia - Indonesia

Flow
Scale

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

During 2022, Serbia had a large net trade with Indonesia in the exports of Foodstuffs ($1.9M), Machines ($1.66M), and Instruments ($146k).

During 2017, Indonesia had a large net trade with Serbia in the exports of Metals ($15.7M), Mineral Products ($15.3M), and Plastics and Rubbers ($8.61M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Indonesia+$1.84MOther Edible Preparations
Top Product Potential Indonesia Serbia+$5.08MLignite

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

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

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