Serbia / Norway

Serbia-Norway Trade: In 2022, Serbia exported $45.3M to Norway. The main products that Serbia exported to Norway were Frozen Fruits and Nuts ($5.07M), Honey ($3.02M), and Motor vehicles; parts and accessories (8701 to 8705) ($2.05M). Over the past 5 years the exports of Serbia to Norway have increased at an annualized rate of 9.12%, from $29.3M in 2017 to $45.3M in 2022.

In 2019, Serbia exported services to Norway worth $31.3M, with Other business services ($12.3M), Travel ($5.6M), and Communications services ($5.6M) being the largest in terms of value.

Norway-Serbia Trade: In 2022, Norway exported $104M to Serbia. The main products that Norway exported to Serbia were Cleaning Products ($32.8M), Cars ($19.2M), and Raw Nickel ($9.74M). Over the past 5 years the exports of Norway to Serbia have increased at an annualized rate of 20.4%,  from $41.1M in 2017 to $104M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).