2022
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GDP
$63.5BCURRENT US$
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2012-2022
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GDP GROWTH
46.6%CURRENT US$
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2022
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 GDP
$4.23TCURRENT US$
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2012-2022
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GDP GROWTH
-32.5%CURRENT US$
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GDP PC 
$9,394CURRENT US$
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2012-2022
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GDP PC GROWTH
56.1%CURRENT US$
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2022
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GDP PC
$33,815CURRENT US$
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2012-2022
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GDP PC GROWTH
-31.2%CURRENT US$
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About

Serbia-Japan Trade: In 2022, Serbia exported $125M to Japan. The main products that Serbia exported to Japan were Rolled Tobacco ($87M), Other Edible Preparations ($7.52M), and Peptones ($4.19M). Over the past 5 years the exports of Serbia to Japan have increased at an annualized rate of 10.2%, from $77.1M in 2017 to $125M in 2022.

In 2019, Serbia exported services to Japan worth $39.2M, with Computer and information services ($35.8M), Personal, cultural, and recreational services ($1.12M), and Travel ($1.12M) being the largest in terms of value.

Japan-Serbia Trade: In 2022, Japan exported $158M to Serbia. The main products that Japan exported to Serbia were Cars ($12.4M), Lifting Machinery ($9.28M), and Industrial Printers ($5.48M). Over the past 5 years the exports of Japan to Serbia have increased at an annualized rate of 13.7%,  from $83M in 2017 to $158M in 2022.

In 2022, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $125M to Japan. The main products exported from Serbia to Japan were Rolled Tobacco ($87M), Other Edible Preparations ($7.52M), and Peptones ($4.19M). During the last 5 years the exports of Serbia to Japan have increased at an annualized rate of 10.2%, from $77.1M in 2017 to $125M in 2022.

In 2017, Japan exported $158M to Serbia. The main products exported from Japan to Serbia were Cars ($12.4M), Lifting Machinery ($9.28M), and Industrial Printers ($5.48M). During the last 5 years the exports of Japan to Serbia have increased at an annualized rate of 13.7%, from $83M in 2022 to $158M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Japan (Flag)

Serbia Exports

Japan Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Japan
Top Destination
United States$137B

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

In 2022, countries that imported more from Serbia than Japan included Bosnia and Herzegovina ($2.14B), Croatia ($1.25B), and Montenegro ($1.15B).

In 2022, countries that imported more from Japan than Serbia included United States ($137B), China ($135B), and South Korea ($50.8B).

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

Comparative Advantage Serbia - Japan

Flow
Scale

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

During 2022, Serbia had a large net trade with Japan in the exports of Foodstuffs ($102M), Textiles ($5.07M), and Vegetable Products ($4.79M).

During 2017, Japan had a large net trade with Serbia in the exports of Machines ($87.9M), Transportation ($18.5M), and Plastics and Rubbers ($17.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Japan+$4.03MOther Edible Preparations
Top Product Potential Japan Serbia+$25.2MCars

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

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

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