2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
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GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC 
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
Rnk 32 / 186
2022
Flag
GDP PC
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186

About

Serbia-Belarus In 2022, Serbia exported $75.6M to Belarus. The main products that Serbia exported to Belarus are Rubber Tires ($18.2M), Nonaqueous Paints ($5.62M), and Polyacetals ($5.37M). During the last 16 years the exports of Serbia to Belarus have increased at an annualized rate of 9.21%, from $18.5M in 2006 to $75.6M in 2022.

In 2009, Serbia exported services to Belarus worth $972k, with Workers' remittances ($436k), Personal, cultural, and recreational services ($285k), and Compensation of employees ($244k) being the largest in terms of value.

Belarus-Serbia In 2022, Belarus exported $99.8M to Serbia. The main products that Belarus exported to Serbia were Sulfate Chemical Woodpulp ($36.1M), Tractors ($9.57M), and Broadcasting Equipment ($6.26M). During the last 16 years the exports of Belarus to Serbia have increased at an annualized rate of 10.9%, from $19.1M in 2006 to $99.8M in 2022.

In 2014, Belarus exported services to Serbia worth $4.78M, with Computer and information services ($4.71M), Government services, n.i.e. ($60.4k), and Insurance services ($9.23k) being the largest in terms of value.

Comparison In 2022,  Serbia ranked 35 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Belarus ranked 30 in the Economic Complexity Index (ECI 0.86), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $75.6M to Belarus. The main products exported from Serbia to Belarus were Rubber Tires ($18.2M), Nonaqueous Paints ($5.62M), and Polyacetals ($5.37M). During the last 16 years the exports of Serbia to Belarus have increased at an annualized rate of 9.21%, from $18.5M in 2006 to $75.6M in 2022.

In 2022, Belarus exported $99.8M to Serbia. The main products exported from Belarus to Serbia were Sulfate Chemical Woodpulp ($36.1M), Tractors ($9.57M), and Broadcasting Equipment ($6.26M). During the last 16 years the exports of Belarus to Serbia have increased at an annualized rate of 10.9%, from $19.1M in 2006 to $99.8M in 2022.

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

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

Latest Data

Trade between Serbia (Flag) and Belarus (Flag)

Serbia Exports

Belarus Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Belarus
Top Destination
China$1.6B

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

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

In 2021, countries that imported more from Belarus than Serbia were Ukraine ($1.29B), Kazakhstan ($827M), and Lithuania ($778M).

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

Comparative Advantage Serbia - Belarus

Flow
Scale

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

During 2022, Serbia had a large net trade with Belarus in the exports of Plastics and Rubbers ($34.5M), Metals ($8.58M), and Chemical Products ($8.17M).

During 2022, Belarus had a large net trade with Serbia in the exports of Paper Goods ($38.6M), Transportation ($14.6M), and Metals ($8.32M).

Service Trade

Bilateral Service Trade

In 2009, Serbia exported services to Belarus worth $972k, with Workers' remittances ($436k), Personal, cultural, and recreational services ($285k), and Compensation of employees ($244k) being the largest in terms of value.

In 2014, Belarus exported services to Serbia worth $4.78M, with Computer and information services ($4.71M), Government services, n.i.e. ($60.4k), and Insurance services ($9.23k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia (Flag) to Belarus (Flag) (2009)

Services Exports from Belarus (Flag) to Serbia (Flag) (2014)

Economic Complexity

Competitive Landscape

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 Belarus. Similarly, the more yellow a dot/product is, the more Belarus has comparative advantage over Serbia.

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

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