Serbia (SRB) and Nepal (NPL) Trade | The Observatory of Economic Complexity

About

Serbia-Nepal Trade: In 2022, Serbia exported $177k to Nepal. The main products that Serbia exported to Nepal were Chemical Analysis Instruments ($77.6k), Other Plastic Products ($30.5k), and Other Animals ($19.3k). Over the past 5 years the exports of Serbia to Nepal have increased at an annualized rate of 33.1%, from $42.2k in 2017 to $177k in 2022.

In 2009, Serbia exported services to Nepal worth $344, with Computer and information services ($344) being the largest in terms of value.

Nepal-Serbia Trade: In 2022, Nepal exported $80.5k to Serbia. The main products that Nepal exported to Serbia were Knotted Carpets ($28.5k), Tufted Carpets ($25k), and Scarves ($11.5k). Over the past 5 years the exports of Nepal to Serbia have increased at an annualized rate of 36%, from $17.3k in 2017 to $80.5k in 2022.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Serbia exported $177k to Nepal. The main products exported from Serbia to Nepal were Chemical Analysis Instruments ($77.6k), Other Plastic Products ($30.5k), and Other Animals ($19.3k). During the last 5 years the exports of Serbia to Nepal have increased at an annualized rate of 33.1%, from $42.2k in 2017 to $177k in 2022.

In 2017, Nepal exported $80.5k to Serbia. The main products exported from Nepal to Serbia were Knotted Carpets ($28.5k), Tufted Carpets ($25k), and Scarves ($11.5k). During the last 5 years the exports of Nepal to Serbia have increased at an annualized rate of 36%, from $17.3k in 2022 to $80.5k in 2017.

Exports from Serbia () to Nepal () (2022)

Exports from Nepal () to Serbia () (2022)

Latest Data

Trade between Serbia () and Nepal ()

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4B

Nepal
Top DestinationIndia$956M

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

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

In 2022, countries that imported more from Nepal than Serbia included India ($956M), Singapore ($25.5M), and Central African Republic ($8.88M).

Difference in imports from Nepal () and Serbia () (2022)

Comparative Advantage Serbia - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Serbia had a large net trade with Nepal in the exports of N/A.

During 2017, Nepal had a large net trade with Serbia in the exports of Textiles ($68k), Chemical Products ($9.45k), and Instruments ($1.58k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Serbia Nepal+$50.2kChemical Analysis Instruments

Top Product Potential Nepal Serbia+$31.5kTufted Carpets

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Serbia () to Nepal () (2022)

Exports from Nepal () to Serbia () (2022)

Latest Data

Trade between Serbia () and Nepal ()

Serbia Exports

Market Competitiveness

Difference in imports from Nepal () and Serbia () (2022)

Comparative Advantage Serbia - Nepal

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Serbia () and Nepal () (2022)

Keep Exploring