Czechia (CZE) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Czechia-Serbia Trade: In 2023, Czechia exported $1.1B to Serbia. The main products that Czechia exported to Serbia were N/A. Over the past 5 years the exports of Czechia to Serbia have increased at an annualized rate of 9.89%, from $684M in 2018 to $1.1B in 2023.

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

Serbia-Czechia Trade: In 2023, Serbia exported $1.26B to Czechia. The main products that Serbia exported to Czechia were Insulated Wire ($236M), Seats ($162M), and Motor vehicles; parts and accessories (8701 to 8705) ($108M). Over the past 5 years the exports of Serbia to Czechia have increased at an annualized rate of 13.9%, from $659M in 2018 to $1.26B in 2023.

In 2019, Serbia exported services to Czechia worth $84M, with Other business services ($33.6M), Transportation ($16.8M), and Computer and information services ($11.2M) being the largest in terms of value.

Comparison: In 2023, Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Czechia exported $1.1B to Serbia. There were not main exports from Czechia to Serbia in 2023. During the last 5 years the exports of Czechia to Serbia have increased at an annualized rate of 9.89%, from $684M in 2018 to $1.1B in 2023.

In 2018, Serbia exported $1.26B to Czechia. The main products exported from Serbia to Czechia were Insulated Wire ($236M), Seats ($162M), and Motor vehicles; parts and accessories (8701 to 8705) ($108M). During the last 5 years the exports of Serbia to Czechia have increased at an annualized rate of 13.9%, from $659M in 2023 to $1.26B in 2018.

Exports from Czechia () to Serbia () (2023)

Exports from Serbia () to Czechia () (2023)

Latest Data

Trade between Czechia () and Serbia ()

Czechia Exports

Date

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Czechia
Top DestinationGermany$64.2B

Serbia
Top DestinationGermany$4.76B

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

In 2023, countries that imported more from Czechia than Serbia included Germany ($64.2B), Slovakia ($15.8B), and Poland ($13.8B).

In 2023, countries that imported more from Serbia than Czechia included Bosnia and Herzegovina ($1.77B), Montenegro ($995M), and North Macedonia ($932M).

Difference in imports from Serbia () and Czechia () (2023)

Comparative Advantage Czechia - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Czechia had a large net trade with Serbia in the exports of Machines ($349M), Transportation ($287M), and Metals ($114M).

During 2018, Serbia had a large net trade with Czechia in the exports of Machines ($500M), Metals ($194M), and Miscellaneous ($166M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Czechia Serbia+$25.1MCars

Top Product Potential Serbia Czechia+$21.7MMotor vehicles; parts and accessories (8701 to 8705)

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

Srb Year

In 2019, Serbia exported services to Czechia worth $84M, with Other business services ($33.6M), Transportation ($16.8M), and Computer and information services ($11.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia () to Czechia () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Czechia () to Serbia () (2023)

Exports from Serbia () to Czechia () (2023)

Latest Data

Trade between Czechia () and Serbia ()

Czechia Exports

Serbia Exports

Market Competitiveness

Difference in imports from Serbia () and Czechia () (2023)

Comparative Advantage Czechia - Serbia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Serbia () to Czechia () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Czechia () and Serbia () (2023)

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