2022
Flag  
GDP
$808BCURRENT US$
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2012-2022
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GDP GROWTH
17.7%CURRENT US$
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2022
Flag
 GDP
$63.5BCURRENT US$
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2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
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2022
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GDP PC 
$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH
7.3%CURRENT US$
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2022
Flag
GDP PC
$9,394CURRENT US$
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2012-2022
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GDP PC GROWTH
56.1%CURRENT US$
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About

Switzerland-Serbia Trade: In 2022, Switzerland exported $712M to Serbia. The main products that Switzerland exported to Serbia were Electricity ($107M), Vaccines, blood, antisera, toxins and cultures ($88M), and Cars ($75M). Over the past 5 years the exports of Switzerland to Serbia have increased at an annualized rate of 21.6%, from $268M in 2017 to $712M in 2022.

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

Serbia-Switzerland Trade: In 2022, Serbia exported $269M to Switzerland. The main products that Serbia exported to Switzerland were Light Fixtures ($30.3M), Iron Structures ($18.4M), and Other Furniture ($17.2M). Over the past 5 years the exports of Serbia to Switzerland have increased at an annualized rate of 13.7%,  from $141M in 2017 to $269M in 2022.

In 2019, Serbia exported services to Switzerland worth $488M, with Other business services ($125M), Computer and information services ($122M), and Travel ($89.6M) being the largest in terms of value.

Comparison: In 2022,  Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B). 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, Switzerland exported $712M to Serbia. The main products exported from Switzerland to Serbia were Electricity ($107M), Vaccines, blood, antisera, toxins and cultures ($88M), and Cars ($75M). During the last 5 years the exports of Switzerland to Serbia have increased at an annualized rate of 21.6%, from $268M in 2017 to $712M in 2022.

In 2017, Serbia exported $269M to Switzerland. The main products exported from Serbia to Switzerland were Light Fixtures ($30.3M), Iron Structures ($18.4M), and Other Furniture ($17.2M). During the last 5 years the exports of Serbia to Switzerland have increased at an annualized rate of 13.7%, from $141M in 2022 to $269M in 2017.

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

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

Latest Data

Trade between Switzerland (Flag) and Serbia (Flag)

Switzerland Exports

Serbia Exports

Market Competitiveness

Color
Switzerland
Top Destination
United States$61.7B
Serbia
Top Destination
Germany$4B

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

In 2022, countries that imported more from Switzerland than Serbia included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

In 2022, countries that imported more from Serbia than Switzerland included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and Croatia ($1.25B).

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

Comparative Advantage Switzerland - Serbia

Flow
Scale

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

During 2022, Switzerland had a large net trade with Serbia in the exports of Chemical Products ($195M), Transportation ($147M), and Mineral Products ($111M).

During 2017, Serbia had a large net trade with Switzerland in the exports of Miscellaneous ($55.7M), Metals ($50.5M), and Machines ($25.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland Serbia+$39.2MPackaged Medicaments
Top Product Potential Serbia Switzerland+$6.86MOther Furniture

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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Bilateral Service Trade

In 2019, Serbia exported services to Switzerland worth $488M, with Other business services ($125M), Computer and information services ($122M), and Travel ($89.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia (Flag) to Switzerland (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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