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2022
Flag → Flag
Exports $199MRnk 64 / 217
2022
Flag → Flag
Top Product $17.4MKaolin Coated Paper
2022
Flag → Flag
Exports $457MRnk 22 / 174
2022
Flag → Flag
Top Product $122MElectric Motors
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

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.

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 11.2%,  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.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK151M and imported SEK400M from Serbia, resulting in a negative trade balance of SEK249M. Between August 2023 and August 2024 the exports of Sweden have increased by SEK24.2M (19.1%) from SEK126M to SEK151M, while imports increased by SEK94.1M (30.8%) from SEK306M to SEK400M.

Trade In August 2024, the top exports of Sweden to Serbia were Kaolin Coated Paper (SEK18.7M), Cars (SEK17.7M), Vaccines, blood, antisera, toxins and cultures (SEK7.39M), Other Vegetable Oils (SEK6.94M), and Concentrated Milk (SEK6.61M). In August 2024 the top imports of Sweden from Serbia were Insulated Wire (SEK140M), Electric Motors (SEK65.9M), Frozen Fruits and Nuts (SEK18.8M), Flexible Metal Tubing (SEK15.9M), and Engine Parts (SEK14M).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK24.2M(19.1%)
IMPORT GROWTH (August 2023 - August 2024)SEK94.1M(30.8%)

This section shows exports and imports data at subnational level for Sweden. Click any date in the line plot or any product to explore the exports or imports behavior of Sweden over time.

To check Serbia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Serbia and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $199M in 2022.

In 2017, 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 11.2%, from $175M in 2022 to $457M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Serbia
Top DestinationGermany$4B

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

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

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

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

Comparative Advantage Sweden - Serbia

Flow
Scale

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

During 2022, Sweden had a large net trade with Serbia in the exports of Machines ($63.7M), Paper Goods ($30.7M), and Transportation ($27.1M).

During 2017, Serbia had a large net trade with Sweden in the exports of Machines ($303M), Metals ($39.4M), and Vegetable Products ($24.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Serbia+$15.9MCars
Top Product Potential Serbia Sweden+$7.45MRubber Tires

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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Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Serbia (Flag) to Sweden (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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