Iceland (ISL) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Iceland-Serbia In 2022, Iceland exported $873k to Serbia. The main products that Iceland exported to Serbia are Special Purpose Ships ($410k), Non-fillet Frozen Fish ($269k), and Refined Petroleum ($96.3k). During the last 16 years the exports of Iceland to Serbia have decreased at an annualized rate of 0.18%, from $898k in 2006 to $873k in 2022.

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

Serbia-Iceland In 2022, Serbia exported $5.83M to Iceland. The main products that Serbia exported to Iceland were Packaged Medicaments ($1.07M), Rubber Tires ($824k), and Cellulose Fibers Paper ($591k). During the last 16 years the exports of Serbia to Iceland have increased at an annualized rate of 13%, from $826k in 2006 to $5.83M in 2022.

In 2019, Serbia exported services to Iceland worth $6.72M, with Computer and information services ($4.48M), Travel ($1.12M), and Other business services ($1.12M) being the largest in terms of value.

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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, Iceland exported $873k to Serbia. The main products exported from Iceland to Serbia were Special Purpose Ships ($410k), Non-fillet Frozen Fish ($269k), and Refined Petroleum ($96.3k). During the last 16 years the exports of Iceland to Serbia have decreased at an annualized rate of 0.18%, from $898k in 2006 to $873k in 2022.

In 2022, Serbia exported $5.83M to Iceland. The main products exported from Serbia to Iceland were Packaged Medicaments ($1.07M), Rubber Tires ($824k), and Cellulose Fibers Paper ($591k). During the last 16 years the exports of Serbia to Iceland have increased at an annualized rate of 13%, from $826k in 2006 to $5.83M in 2022.

Exports from Iceland () to Serbia () (2022)

Exports from Serbia () to Iceland () (2022)

Latest Data

Trade between Iceland () and Serbia ()

Iceland Exports

Date

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Serbia
Top DestinationGermany$4B

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

In 2021, countries that imported more from Iceland than Serbia were Netherlands ($1.97B), Norway ($459M), and Denmark ($257M).

In 2021, countries that imported more from Serbia than Iceland were Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

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

Comparative Advantage Iceland - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Serbia in the exports of Transportation ($410k), Animal Products ($313k), and Mineral Products ($96.3k).

During 2022, Serbia had a large net trade with Iceland in the exports of Plastics and Rubbers ($1.45M), Chemical Products ($1.3M), and Paper Goods ($619k).

Service Trade

Bilateral Service Trade

Srb Year

In 2019, Serbia exported services to Iceland worth $6.72M, with Computer and information services ($4.48M), Travel ($1.12M), and Other business services ($1.12M) being the largest in terms of value.

Service trade data is presented based on availability.

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

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Serbia () (2022)

Exports from Serbia () to Iceland () (2022)

Latest Data

Trade between Iceland () and Serbia ()

Iceland Exports

Serbia Exports

Market Competitiveness

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

Comparative Advantage Iceland - Serbia

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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