Serbia (SRB) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Serbia-Singapore In 2022, Serbia exported $11.6M to Singapore. The main products that Serbia exported to Singapore are Liquid Pumps ($3.1M), Electric Motors ($1.03M), and Refrigerators ($953k). During the last 16 years the exports of Serbia to Singapore have increased at an annualized rate of 21%, from $552k in 2006 to $11.6M in 2022.

In 2019, Serbia exported services to Singapore worth $14.6M, with Other business services ($10.1M), Computer and information services ($2.24M), and Personal, cultural, and recreational services ($1.12M) being the largest in terms of value.

Singapore-Serbia In 2022, Singapore exported $21.4M to Serbia. The main products that Singapore exported to Serbia were Other Plastic Products ($2.07M), Integrated Circuits ($1.97M), and Orthopedic Appliances ($1.9M). During the last 16 years the exports of Singapore to Serbia have increased at an annualized rate of 2.99%, from $13.4M in 2006 to $21.4M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Serbia exported $11.6M to Singapore. The main products exported from Serbia to Singapore were Liquid Pumps ($3.1M), Electric Motors ($1.03M), and Refrigerators ($953k). During the last 16 years the exports of Serbia to Singapore have increased at an annualized rate of 21%, from $552k in 2006 to $11.6M in 2022.

In 2022, Singapore exported $21.4M to Serbia. The main products exported from Singapore to Serbia were Other Plastic Products ($2.07M), Integrated Circuits ($1.97M), and Orthopedic Appliances ($1.9M). During the last 16 years the exports of Singapore to Serbia have increased at an annualized rate of 2.99%, from $13.4M in 2006 to $21.4M in 2022.

Exports from Serbia () to Singapore () (2022)

Exports from Singapore () to Serbia () (2022)

Latest Data

Trade between Serbia () and Singapore ()

Serbia Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4B

Singapore
Top DestinationHong Kong$51.6B

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

In 2021, countries that imported more from Serbia than Singapore were Bosnia and Herzegovina ($2.14B), Italy ($2.1B), and Croatia ($1.25B).

In 2021, countries that imported more from Singapore than Serbia were Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Serbia - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Serbia had a large net trade with Singapore in the exports of Machines ($7.67M), Miscellaneous ($973k), and Foodstuffs ($653k).

During 2022, Singapore had a large net trade with Serbia in the exports of Machines ($8.45M), Plastics and Rubbers ($5.28M), and Instruments ($4.27M).

Service Trade

Bilateral Service Trade

Srb Year

In 2019, Serbia exported services to Singapore worth $14.6M, with Other business services ($10.1M), Computer and information services ($2.24M), and Personal, cultural, and recreational services ($1.12M) being the largest in terms of value.

Service trade data is presented based on availability.

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

About

Historical Data

Bilateral Trade by Products

Exports from Serbia () to Singapore () (2022)

Exports from Singapore () to Serbia () (2022)

Latest Data

Trade between Serbia () and Singapore ()

Serbia Exports

Singapore Exports

Market Competitiveness

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

Comparative Advantage Serbia - Singapore

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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