Serbia (SRB) and Italy (ITA) Trade | The Observatory of Economic Complexity

About

Serbia-Italy In 2022, Serbia exported $2.1B to Italy. The main products that Serbia exported to Italy are Footwear Parts ($111M), Wheat ($97.4M), and Rubber Tires ($94M). During the last 16 years the exports of Serbia to Italy have increased at an annualized rate of 5.26%, from $926M in 2006 to $2.1B in 2022.

In 2019, Serbia exported services to Italy worth $193M, with Transportation ($64.9M), Other business services ($59.3M), and Travel ($28M) being the largest in terms of value.

Italy-Serbia In 2022, Italy exported $2.53B to Serbia. The main products that Italy exported to Serbia were Tanned Equine and Bovine Hides ($142M), Packaged Medicaments ($65M), and Plastic Pipes ($45.4M). During the last 16 years the exports of Italy to Serbia have increased at an annualized rate of 5.4%, from $1.09B in 2006 to $2.53B in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Serbia exported $2.1B to Italy. The main products exported from Serbia to Italy were Footwear Parts ($111M), Wheat ($97.4M), and Rubber Tires ($94M). During the last 16 years the exports of Serbia to Italy have increased at an annualized rate of 5.26%, from $926M in 2006 to $2.1B in 2022.

In 2022, Italy exported $2.53B to Serbia. The main products exported from Italy to Serbia were Tanned Equine and Bovine Hides ($142M), Packaged Medicaments ($65M), and Plastic Pipes ($45.4M). During the last 16 years the exports of Italy to Serbia have increased at an annualized rate of 5.4%, from $1.09B in 2006 to $2.53B in 2022.

Exports from Serbia () to Italy () (2022)

Exports from Italy () to Serbia () (2022)

Latest Data

Trade between Serbia () and Italy ()

Serbia Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4B

Italy
Top DestinationGermany$78.5B

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

In 2021, countries that imported more from Serbia than Italy were Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and North Macedonia ($1.03B).

In 2021, countries that imported more from Italy than Serbia were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Serbia - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Serbia had a large net trade with Italy in the exports of Textiles ($291M), Metals ($279M), and Machines ($263M).

During 2022, Italy had a large net trade with Serbia in the exports of Machines ($528M), Metals ($281M), and Textiles ($274M).

Service Trade

Bilateral Service Trade

Srb Year

In 2019, Serbia exported services to Italy worth $193M, with Transportation ($64.9M), Other business services ($59.3M), and Travel ($28M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia () to Italy () (2019)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Serbia has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Serbia.

About

Historical Data

Bilateral Trade by Products

Exports from Serbia () to Italy () (2022)

Exports from Italy () to Serbia () (2022)

Latest Data

Trade between Serbia () and Italy ()

Serbia Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Serbia - Italy

Service Trade

Bilateral Service Trade

Services Exports from Serbia () to Italy () (2019)

Economic Complexity

Competitive Landscape

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

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