Denmark (DNK) and Serbia (SRB) Trade | The Observatory of Economic Complexity

About

Denmark-Serbia In 2022, Denmark exported $482M to Serbia. The main products that Denmark exported to Serbia are Electricity ($233M), Packaged Medicaments ($46M), and Integrated Circuits ($28.1M). During the last 16 years the exports of Denmark to Serbia have increased at an annualized rate of 13.7%, from $61.8M in 2006 to $482M in 2022.

In 2022, Denmark did not export any services to Serbia.

Serbia-Denmark In 2022, Serbia exported $80M to Denmark. The main products that Serbia exported to Denmark were Other Furniture ($7.99M), Packaged Medicaments ($7.22M), and Refrigerators ($6.82M). During the last 16 years the exports of Serbia to Denmark have increased at an annualized rate of 12.5%, from $12.2M in 2006 to $80M in 2022.

In 2019, Serbia exported services to Denmark worth $42.5M, with Other business services ($15.7M), Computer and information services ($12.3M), and Travel ($7.84M) being the largest in terms of value.

Comparison In 2022, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Denmark exported $482M to Serbia. The main products exported from Denmark to Serbia were Electricity ($233M), Packaged Medicaments ($46M), and Integrated Circuits ($28.1M). During the last 16 years the exports of Denmark to Serbia have increased at an annualized rate of 13.7%, from $61.8M in 2006 to $482M in 2022.

In 2022, Serbia exported $80M to Denmark. The main products exported from Serbia to Denmark were Other Furniture ($7.99M), Packaged Medicaments ($7.22M), and Refrigerators ($6.82M). During the last 16 years the exports of Serbia to Denmark have increased at an annualized rate of 12.5%, from $12.2M in 2006 to $80M in 2022.

Exports from Denmark () to Serbia () (2022)

Exports from Serbia () to Denmark () (2022)

Latest Data

Trade between Denmark () and Serbia ()

Denmark Exports

Date

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$18.9B

Serbia
Top DestinationGermany$4B

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

In 2021, countries that imported more from Denmark than Serbia were Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

In 2021, countries that imported more from Serbia than Denmark were Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and Croatia ($1.25B).

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

Comparative Advantage Denmark - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Denmark had a large net trade with Serbia in the exports of Mineral Products ($233M), Machines ($105M), and Chemical Products ($62.5M).

During 2022, Serbia had a large net trade with Denmark in the exports of Machines ($20.8M), Metals ($12.1M), and Miscellaneous ($10.1M).

Service Trade

Bilateral Service Trade

Srb Year

In 2019, Serbia exported services to Denmark worth $42.5M, with Other business services ($15.7M), Computer and information services ($12.3M), and Travel ($7.84M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia () to Denmark () (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 Denmark has comparative advantage over Serbia. Similarly, the more yellow a dot/product is, the more Serbia has comparative advantage over Denmark.

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Serbia () (2022)

Exports from Serbia () to Denmark () (2022)

Latest Data

Trade between Denmark () and Serbia ()

Denmark Exports

Serbia Exports

Market Competitiveness

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

Comparative Advantage Denmark - Serbia

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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