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Pricing

2022
Flag → Flag
Exports $580MRnk 98 / 219
2022
Flag → Flag
Top Product $226MPlanes, Helicopters, and/or Spacecraft
2022
Flag → Flag
Exports $597MRnk 19 / 174
2022
Flag → Flag
Top Product $67.6MRubber Tires
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 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 $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

United States-Serbia Trade: In 2022, United States exported $580M to Serbia. The main products that United States exported to Serbia were Planes, Helicopters, and/or Spacecraft ($226M), Raw Plastic Sheeting ($20.3M), and Cars ($17.3M). Over the past 5 years the exports of United States to Serbia have increased at an annualized rate of 22.2%, from $213M in 2017 to $580M in 2022.

In 2022, United States did not export any services to Serbia.

Serbia-United States Trade: In 2022, Serbia exported $597M to United States. The main products that Serbia exported to United States were Rubber Tires ($67.6M), Explosive Ammunition ($43.5M), and Engine Parts ($42.2M). Over the past 5 years the exports of Serbia to United States have increased at an annualized rate of 16.7%,  from $276M in 2017 to $597M in 2022.

In 2019, Serbia exported services to United States worth $658M, with Computer and information services ($321M), Other business services ($182M), and Travel ($78.4M) being the largest in terms of value.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Company data: In 2023, leading companies such as were at the forefront of exporting goods from Serbia to the United States. Conversely, were notable for importing products to Serbia from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $14.7M and imported $75.4M from Serbia, resulting in a negative trade balance of $60.7M. Between August 2023 and August 2024 the exports of United States have decreased by $-8.15M (-35.6%) from $22.9M to $14.7M, while imports increased by $15.5M (25.9%) from $59.9M to $75.4M.

Trade In August 2024, the top exports of United States to Serbia were N/A. In August 2024 the top imports of United States from Serbia were Frozen Fruits and Nuts ($8.27M), Rubber Tires ($5.54M), Explosive Ammunition ($5.05M), Electrical Lighting and Signalling Equipment ($3.14M), and Liquid Pumps ($2.87M).

Origins In August 2024 the exports of United States were mainly from Texas ($1.79M), Michigan ($1.75M), Florida ($1.59M), Pennsylvania ($1.28M), and California ($1.19M), while imports destinations were mainly Georgia ($19.2M), Illinois ($6.29M), New York ($5.77M), Tennessee ($4.93M), and Connecticut ($4.37M).

Growth In August 2024, the decrease in United States's year-by-year exports to Serbia was explained primarily by an decrease in product exports in Vinyl Chloride Polymers ($-1.15M or -86.6%), Electrical Power Accessories ($-660k or -97.2%), and Liquid Dispersing Machines ($-141k or -91.6%). In August 2024, the increase in United States's year-by-year imports  from Serbia was explained primarily by an increase in product imports  in Copper Plating ($2.13M or 401%), Liquid Pumps ($1.5M or 109%), and Rubber Tires ($1.44M or 35.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-8.15M(-35.6%)
IMPORT GROWTH (August 2023 - August 2024)$15.5M(25.9%)
MAIN EXPORTER (August 2024)Texas$1.79M

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

To check Serbia and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Serbia and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $580M to Serbia. The main products exported from United States to Serbia were Planes, Helicopters, and/or Spacecraft ($226M), Raw Plastic Sheeting ($20.3M), and Cars ($17.3M). During the last 5 years the exports of United States to Serbia have increased at an annualized rate of 22.2%, from $213M in 2017 to $580M in 2022.

In 2017, Serbia exported $597M to United States. The main products exported from Serbia to United States were Rubber Tires ($67.6M), Explosive Ammunition ($43.5M), and Engine Parts ($42.2M). During the last 5 years the exports of Serbia to United States have increased at an annualized rate of 16.7%, from $276M in 2022 to $597M in 2017.

Exports from United States (Flag) to Serbia (Flag) (2022)

Exports from Serbia (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from United States than Serbia included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Serbia than United States included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and North Macedonia ($1.03B).

Difference in imports from Serbia (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Serbia

Flow
Scale

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

During 2022, United States had a large net trade with Serbia in the exports of Transportation ($256M), Machines ($93.2M), and Plastics and Rubbers ($60.7M).

During 2017, Serbia had a large net trade with United States in the exports of Machines ($185M), Plastics and Rubbers ($83.8M), and Metals ($72M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Serbia+$31.1MCars
Top Product Potential Serbia United States+$58.2MRubber 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 United States worth $658M, with Computer and information services ($321M), Other business services ($182M), and Travel ($78.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia (Flag) to United States (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of United States (Flag) and Serbia (Flag) (2022)

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