Serbia (SRB) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Serbia-Sweden Trade: In 2022, Serbia exported $457M to Sweden. The main products that Serbia exported to Sweden were Electric Motors ($122M), Insulated Wire ($113M), and Frozen Fruits and Nuts ($23.4M). Over the past 5 years the exports of Serbia to Sweden have increased at an annualized rate of 21.2%, from $175M in 2017 to $457M in 2022.

In 2019, Serbia exported services to Sweden worth $90.7M, with Computer and information services ($52.6M), Other business services ($13.4M), and Travel ($12.3M) being the largest in terms of value.

Sweden-Serbia Trade: In 2022, Sweden exported $199M to Serbia. The main products that Sweden exported to Serbia were Kaolin Coated Paper ($17.4M), Tractors ($9.84M), and Delivery Trucks ($9.43M). Over the past 5 years the exports of Sweden to Serbia have increased at an annualized rate of 8.21%, from $134M in 2017 to $199M in 2022.

In 2022, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Serbia exported $457M to Sweden. The main products exported from Serbia to Sweden were Electric Motors ($122M), Insulated Wire ($113M), and Frozen Fruits and Nuts ($23.4M). During the last 5 years the exports of Serbia to Sweden have increased at an annualized rate of 21.2%, from $175M in 2017 to $457M in 2022.

In 2017, Sweden exported $199M to Serbia. The main products exported from Sweden to Serbia were Kaolin Coated Paper ($17.4M), Tractors ($9.84M), and Delivery Trucks ($9.43M). During the last 5 years the exports of Sweden to Serbia have increased at an annualized rate of 8.21%, from $134M in 2022 to $199M in 2017.

Exports from Serbia () to Sweden () (2022)

Exports from Sweden () to Serbia () (2022)

Latest Data

Trade between Serbia () and Sweden ()

Serbia Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4B

Sweden
Top DestinationGermany$19.2B

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

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

In 2022, countries that imported more from Sweden than Serbia included Norway ($18.7B), United States ($17.8B), and Germany ($19.2B).

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

Comparative Advantage Serbia - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Serbia had a large net trade with Sweden in the exports of Machines ($303M), Metals ($39.4M), and Vegetable Products ($24.7M).

During 2017, Sweden had a large net trade with Serbia in the exports of Machines ($63.7M), Paper Goods ($30.7M), and Transportation ($27.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Serbia Sweden+$7.45MRubber Tires

Top Product Potential Sweden Serbia+$15.9MCars

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Serbia () to Sweden () (2022)

Exports from Sweden () to Serbia () (2022)

Latest Data

Trade between Serbia () and Sweden ()

Serbia Exports

Sweden Exports

Market Competitiveness

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

Comparative Advantage Serbia - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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