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Trade between Romania and Serbia

In 2024, Romania exported $1 billion to Serbia and imported $1.6 billion. Romania ran a deficit of $600 million with Serbia, compared with a deficit of $433 million in 2019. Serbia was Romania’s 22nd largest trading partner (1% of its trade), and Romania was Serbia’s 7th (4%).

Summary

Romania → Serbia
$1billion
Serbia → Romania
$1.6billion
Romania’s balance
-$600million

Balance

Romania’s trade balance with Serbia

Trade between Romania and Serbia grew 30.4-fold since 1995

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

  • Exports 1
  • Imports 1.6
  • Balance -0.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$69 million$20 million$49 million
1996$152 million$58 million$94 million
1997$149 million$69 million$80 million
1998$130 million$70 million$60 million
1999$117 million$67 million$50 million
2000$168 million$73 million$94 million
2001$165 million$45 million$120 million
2002$148 million$58 million$90 million
2003$153 million$30 million$123 million
2004$232 million$142 million$90 million
2005$317 million$106 million$211 million
2006$437 million$177 million$260 million
2007$451 million$345 million$106 million
2008$699 million$433 million$266 million
2009$525 million$499 million$26 million
2010$568 million$621 million-$53 million
2011$883 million$519 million$364 million
2012$884 million$441 million$443 million
2013$733 million$550 million$182 million
2014$702 million$818 million-$116 million
2015$583 million$745 million-$162 million
2016$543 million$871 million-$328 million
2017$658 million$845 million-$187 million
2018$728 million$1.2 billion-$461 million
2019$835 million$1.3 billion-$433 million
2020$707 million$1.4 billion-$671 million
2021$889 million$1.2 billion-$293 million
2022$1.1 billion$1.3 billion-$160 million
2023$1.2 billion$1.6 billion-$375 million
2024$1 billion$1.6 billion-$600 million

What they sell each other

What Romania sells to Serbia

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

  1. Refined petroleum$120 million · 11.5%
    130 thousand tonnes · Romania’s destinations
  2. Electricity$98 million · 9.4%
  3. Cables and wire$65 million · 6.2%
    5 thousand tonnes · Romania’s destinations
  4. Soft drinks$43 million · 4.2%
    65 thousand tonnes
  5. Particle board and OSB$40 million · 3.8%
    77 thousand tonnes
  6. Control panels$32 million · 3.1%
    589 tonnes
  7. Other aluminum articles$31 million · 2.9%
    3 thousand tonnes
  8. 371 tonnes
  9. Ferrous scrap$19 million · 1.8%
    50 thousand tonnes
  10. Bread, biscuits and pastries$17 million · 1.6%
    6 thousand tonnes

What Serbia sells to Romania

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

  1. Electricity$296 million · 18%
    Romania’s sources
  2. Corn$193 million · 11.7%
    608 thousand tonnes
  3. Wheat$145 million · 8.8%
    435 thousand tonnes
  4. Cables and wire$93 million · 5.7%
    4 thousand tonnes · Serbia’s destinations
  5. Other leather articles$55 million · 3.3%
    720 tonnes
  6. New tires$53 million · 3.2%
    14 thousand tonnes
  7. Furniture$43 million · 2.6%
    26 thousand tonnes
  8. Hot-rolled flat steel$27 million · 1.7%
    37 thousand tonnes
  9. Plastic packaging$25 million · 1.5%
    5 thousand tonnes
  10. Steel structures$23 million · 1.4%
    11 thousand tonnes

How it travels

Romania and Serbia traded $2.7 billion in 2024 (both directions together). They trade mostly over land: 100% of the value travels by truck, rail or pipeline.

Split by transport mode

  1. Land$2.7 billion · 100%

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

How much each matters to the other

Serbia was Romania’s 22nd largest trading partner (1% of its trade), and Romania was Serbia’s 7th (4%).

Serbia in Romania’s trade
1.1%
Serbia’s rank among Romania’s partners
22nd
Romania in Serbia’s trade
3.6%
Romania’s rank among Serbia’s partners
7th

Compare with

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.