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2023
Flag → Flag
Exports $3.96BRnk 80 / 208
2023
Flag → Flag
Top Product $306MBroadcasting Equipment
2023
Flag → Flag
Exports $1.42BRnk 6 / 184
2023
Flag → Flag
Top Product $859MCopper Ore
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 35 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
 GDP$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC$12,282CURRENT US$
Rnk 82 / 196
2013-2023
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GDP PC GROWTH74.4%CURRENT US$
Rnk 20 / 195

About

China-Serbia Trade: In 2023, China exported $3.96B to Serbia. The main products that China exported to Serbia were Broadcasting Equipment ($306M), Computers ($124M), and Coated Flat-Rolled Iron ($78M). Over the past 5 years the exports of China to Serbia have increased at an annualized rate of 16.7%, from $1.83B in 2018 to $3.96B in 2023.

In 2023, China did not export any services to Serbia.

Serbia-China Trade: In 2023, Serbia exported $1.42B to China. The main products that Serbia exported to China were Copper Ore ($859M), Refined Copper ($298M), and Precious Metal Ore ($106M). Over the past 5 years the exports of Serbia to China have increased at an annualized rate of 48.1%,  from $200M in 2018 to $1.42B in 2023.

In 2019, Serbia exported services to China worth $85.1M, with Travel ($36.9M), Construction services ($22.4M), and Transportation ($10.1M) being the largest in terms of value.

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $334M and imported $234M from Serbia, resulting in a positive trade balance of $99.8M. Between December 2023 and December 2024 the exports of China have increased by $58.8M (21.4%) from $275M to $334M, while imports increased by $81.6M (53.4%) from $153M to $234M.

Trade In December 2024, the top exports of China to Serbia were Air Pumps ($23M), Telephones ($8.2M), Rubberworking Machinery ($7.51M), Delivery Trucks ($5.35M), and Large Construction Vehicles ($5.29M). In December 2024 the top imports of China from Serbia were Copper Ore ($131M), Refined Copper ($14.5M), Precious Metal Ore ($4.86M), Pulley Systems ($3.1M), and Sawn Wood ($2.36M).

Origins In December 2024 the exports of China were mainly from Zhejiang Province ($62M), Jiangsu Province ($52.7M), Guangdong Province ($42.8M), Shandong Province ($35.8M), and Fujian Province ($22M), while imports destinations were mainly Beijing ($102M), Zhejiang Province ($46.9M), Shandong Province ($22.7M), Jiangsu Province ($18.7M), and Hunan Province ($17.6M).

Growth In December 2024, the increase in China's year-by-year exports to Serbia was explained primarily by an increase in product exports in Air Pumps ($8.48M or 58.5%), Rubberworking Machinery ($6.21M or 477%), and Delivery Trucks ($4.67M or 683%). In December 2024, the increase in China's year-by-year imports  from Serbia was explained primarily by an increase in product imports  in Copper Ore ($26M or 24.8%), Pulley Systems ($3.1M or 258k%), and Electric Heaters ($566k or 225%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$58.8M(21.4%)
IMPORT GROWTH (December 2023 - December 2024)$81.6M(53.4%)
MAIN EXPORTER (December 2024)Zhejiang Province$62M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Serbia and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Serbia and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $3.96B to Serbia. The main products exported from China to Serbia were Broadcasting Equipment ($306M), Computers ($124M), and Coated Flat-Rolled Iron ($78M). During the last 5 years the exports of China to Serbia have increased at an annualized rate of 16.7%, from $1.83B in 2018 to $3.96B in 2023.

In 2018, Serbia exported $1.42B to China. The main products exported from Serbia to China were Copper Ore ($859M), Refined Copper ($298M), and Precious Metal Ore ($106M). During the last 5 years the exports of Serbia to China have increased at an annualized rate of 48.1%, from $200M in 2023 to $1.42B in 2018.

Exports from China (Flag) to Serbia (Flag) (2023)

Exports from Serbia (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Serbia
Top DestinationGermany$4.76B

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

In 2023, countries that imported more from China than Serbia included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, countries that imported more from Serbia than China included Montenegro ($995M), Bosnia and Herzegovina ($1.77B), and French South Antarctic Territory ($24.1k).

Difference in imports from Serbia (Flag) and China (Flag) (2023)

Comparative Advantage China - Serbia

Flow
Scale

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

During 2023, China had a large net trade with Serbia in the exports of Machines ($2.01B), Metals ($532M), and Plastics and Rubbers ($261M).

During 2018, Serbia had a large net trade with China in the exports of Mineral Products ($969M), Metals ($303M), and Machines ($82.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Serbia+$133MTelephones
Top Product Potential Serbia China+$101MCopper Ore

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 China worth $85.1M, with Travel ($36.9M), Construction services ($22.4M), and Transportation ($10.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of China (Flag) and Serbia (Flag) (2023)

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