2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
 GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
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About

Israel-Serbia Trade: In 2022, Israel exported $36.8M to Serbia. The main products that Israel exported to Serbia were Pesticides ($6.81M), Medical Instruments ($2.47M), and X-Ray Equipment ($2.14M). Over the past 5 years the exports of Israel to Serbia have increased at an annualized rate of 3.22%, from $31.4M in 2017 to $36.8M in 2022.

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

Serbia-Israel Trade: In 2022, Serbia exported $88.8M to Israel. The main products that Serbia exported to Israel were Rolled Tobacco ($26.3M), Gas Turbines ($8.95M), and Rubber Tires ($7.7M). Over the past 5 years the exports of Serbia to Israel have increased at an annualized rate of 25.9%,  from $28M in 2017 to $88.8M in 2022.

In 2009, Serbia exported services to Israel worth $6.16M, with Other business services ($2.51M), Travel ($1.08M), and Transportation ($712k) being the largest in terms of value.

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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
Value

In 2022, Israel exported $36.8M to Serbia. The main products exported from Israel to Serbia were Pesticides ($6.81M), Medical Instruments ($2.47M), and X-Ray Equipment ($2.14M). During the last 5 years the exports of Israel to Serbia have increased at an annualized rate of 3.22%, from $31.4M in 2017 to $36.8M in 2022.

In 2017, Serbia exported $88.8M to Israel. The main products exported from Serbia to Israel were Rolled Tobacco ($26.3M), Gas Turbines ($8.95M), and Rubber Tires ($7.7M). During the last 5 years the exports of Serbia to Israel have increased at an annualized rate of 25.9%, from $28M in 2022 to $88.8M in 2017.

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

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

Latest Data

Trade between Israel (Flag) and Serbia (Flag)

Israel Exports

Serbia Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Serbia
Top Destination
Germany$4B

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

In 2022, countries that imported more from Israel than Serbia included United States ($20.3B), Palestine ($4.6B), and China ($5.53B).

In 2022, countries that imported more from Serbia than Israel included Bosnia and Herzegovina ($2.14B), Germany ($4B), and Hungary ($1.69B).

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

Comparative Advantage Israel - Serbia

Flow
Scale

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

During 2022, Israel had a large net trade with Serbia in the exports of Chemical Products ($9.97M), Machines ($8.39M), and Instruments ($6.61M).

During 2017, Serbia had a large net trade with Israel in the exports of Foodstuffs ($36.3M), Machines ($18.7M), and Plastics and Rubbers ($9.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Serbia+$2.15MMedical Instruments
Top Product Potential Serbia Israel+$3.42MRubber Tires

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Israel and Serbia. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over Serbia. Similarly, a dot/product with the flag of Serbia indicates it has a comparative advantage over Israel.

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

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