Serbia / South Korea

Serbia-South Korea Trade: In 2022, Serbia exported $370M to South Korea. The main products that Serbia exported to South Korea were Copper Ore ($191M), Corn ($104M), and Lead Ore ($28.8M). Over the past 5 years the exports of Serbia to South Korea have increased at an annualized rate of 42.9%, from $62.2M in 2017 to $370M in 2022.

In 2019, Serbia exported services to South Korea worth $2.24M, with Insurance services ($1.12M) and Other business services ($1.12M) being the largest in terms of value.

South Korea-Serbia Trade: In 2022, South Korea exported $290M to Serbia. The main products that South Korea exported to Serbia were Low-voltage Protection Equipment ($30.7M), Integrated Circuits ($28.6M), and Printed Circuit Boards ($24.3M). Over the past 5 years the exports of South Korea to Serbia have increased at an annualized rate of 16.4%,  from $135M in 2017 to $290M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).