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Trade between Austria and Serbia

In 2024, Austria exported $1 billion to Serbia and imported $901 million. Austria ran a surplus of $125 million with Serbia, compared with a deficit of $2 million in 2019. Serbia was Austria’s 29th largest trading partner (0.5% of its trade), and Austria was Serbia’s 15th (3%).

Summary

Austria → Serbia
$1billion
Serbia → Austria
$901million
Austria’s balance
$125million

Balance

Austria’s trade balance with Serbia

Trade between Austria and Serbia grew 75-fold since 1995

USD billions (current). Austria’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1
  • Imports 0.9
  • Balance +0.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$25 million$545 thousand$25 million
1996$141 million$31 million$110 million
1997$196 million$47 million$149 million
1998$182 million$58 million$124 million
1999$151 million$32 million$119 million
2000$150 million$41 million$110 million
2001$191 million$39 million$152 million
2002$261 million$69 million$192 million
2003$381 million$88 million$293 million
2004$401 million$126 million$275 million
2005$480 million$136 million$344 million
2006$350 million$214 million$136 million
2007$660 million$340 million$320 million
2008$666 million$502 million$163 million
2009$456 million$319 million$137 million
2010$484 million$363 million$121 million
2011$722 million$423 million$299 million
2012$683 million$310 million$373 million
2013$632 million$421 million$211 million
2014$606 million$423 million$182 million
2015$548 million$411 million$137 million
2016$521 million$436 million$85 million
2017$626 million$525 million$101 million
2018$654 million$586 million$68 million
2019$714 million$717 million-$2 million
2020$675 million$612 million$63 million
2021$799 million$809 million-$9 million
2022$915 million$926 million-$11 million
2023$938 million$839 million$99 million
2024$1 billion$901 million$125 million

What they sell each other

What Austria sells to Serbia

The top 10 headings in 2024, with their share of the total.

  1. Unwrought aluminum$43 million · 4.2%
    14 thousand tonnes
  2. Railway parts$38 million · 3.7%
    1 thousand tonnes
  3. Medicines in measured doses or retail packs$37 million · 3.6%
    601 tonnes · Austria’s destinations
  4. Glassware for table, kitchen and decor$27 million · 2.6%
    129 tonnes
  5. Parts for switchgear$24 million · 2.3%
    1 thousand tonnes
  6. Computers$24 million · 2.3%
    58 tonnes
  7. Video game consoles and games$20 million · 2%
    484 tonnes
  8. Insulating fittings and electrical conduit$18 million · 1.8%
    526 tonnes
  9. Kraft paper and paperboard$16 million · 1.6%
    16 thousand tonnes
  10. Soft drinks$16 million · 1.6%
    12 thousand tonnes

What Serbia sells to Austria

The top 10 headings in 2024, with their share of the total.

  1. Lamps and light fittings$77 million · 8.5%
    4 thousand tonnes
  2. Detergents and surfactants$48 million · 5.3%
    14 thousand tonnes
  3. Hot-rolled flat steel$46 million · 5.1%
    63 thousand tonnes
  4. Cargo and cruise ships$43 million · 4.8%
    3 thousand tonnes
  5. Glassware for table, kitchen and decor$43 million · 4.8%
    221 tonnes
  6. Transformers and power supplies$41 million · 4.6%
    1 thousand tonnes
  7. Corn$37 million · 4.1%
    174 thousand tonnes
  8. Cigarettes and cigars$30 million · 3.3%
    2 thousand tonnes
  9. Auto parts$25 million · 2.7%
    778 tonnes · Austria’s sources
  10. Air pumps, compressors and fans$24 million · 2.7%
    342 tonnes

How it travels

Austria and Serbia traded $1.9 billion in 2024 (both directions together). They trade mostly by sea (81% of the value), but there is no estimated route for this pair.

Split by transport mode

  1. Sea$1.6 billion · 81.2%
  2. Air$363 million · 18.8%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Serbia was Austria’s 29th largest trading partner (0.5% of its trade), and Austria was Serbia’s 15th (3%).

Serbia in Austria’s trade
0.5%
Serbia’s rank among Austria’s partners
29th
Austria in Serbia’s trade
2.6%
Austria’s rank among Serbia’s partners
15th

Compare with

Other partners of Austria

Other partners of Serbia

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.