2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 97 / 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
$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH
1.35%CURRENT US$
Rnk 136 / 186

About

Serbia-Oman Trade: In 2022, Serbia exported $2.92M to Oman. The main products that Serbia exported to Oman were Apples and Pears ($1.08M), Rubber Tires ($531k), and Refrigerators ($388k). Over the past 5 years the exports of Serbia to Oman have increased at an annualized rate of 5.51%, from $2.23M in 2017 to $2.92M in 2022.

In 2009, Serbia exported services to Oman worth $1.32M, with Computer and information services ($672k), Other business services ($469k), and Workers' remittances ($164k) being the largest in terms of value.

Oman-Serbia Trade: In 2022, Oman exported $21M to Serbia. The main products that Oman exported to Serbia were Raw Aluminium ($17M), Polyacetals ($2.39M), and Telephones ($704k). Over the past 5 years the exports of Oman to Serbia have increased at an annualized rate of 52.8%,  from $2.52M in 2017 to $21M in 2022.

In 2022, Oman 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, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $2.92M to Oman. The main products exported from Serbia to Oman were Apples and Pears ($1.08M), Rubber Tires ($531k), and Refrigerators ($388k). During the last 5 years the exports of Serbia to Oman have increased at an annualized rate of 5.51%, from $2.23M in 2017 to $2.92M in 2022.

In 2017, Oman exported $21M to Serbia. The main products exported from Oman to Serbia were Raw Aluminium ($17M), Polyacetals ($2.39M), and Telephones ($704k). During the last 5 years the exports of Oman to Serbia have increased at an annualized rate of 52.8%, from $2.52M in 2022 to $21M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Oman (Flag)

Serbia Exports

Oman Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Oman
Top Destination
China$30.4B

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

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

In 2022, countries that imported more from Oman than Serbia included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

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

Comparative Advantage Serbia - Oman

Flow
Scale

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

During 2022, Serbia had a large net trade with Oman in the exports of Vegetable Products ($1.29M), Machines ($581k), and Plastics and Rubbers ($532k).

During 2017, Oman had a large net trade with Serbia in the exports of Metals ($17.2M), Plastics and Rubbers ($2.76M), and Machines ($704k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Oman+$818kRubber Tires
Top Product Potential Oman Serbia+$1.26MPolyacetals

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

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

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