Hong Kong (HKG) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Hong Kong-Serbia Trade: In 2023, Hong Kong exported $46M to Serbia. The main products that Hong Kong exported to Serbia were Broadcasting Equipment ($15.1M), Rolled Tobacco ($10.1M), and Computers ($1.79M). Over the past 5 years the exports of Hong Kong to Serbia have increased at an annualized rate of 1.34%, from $43.1M in 2018 to $46M in 2023.

In 2023, Hong Kong did not export any services to Serbia.

Serbia-Hong Kong Trade: In 2023, Serbia exported $36M to Hong Kong. The main products that Serbia exported to Hong Kong were Electrical Control Boards ($3.26M), Pulley Systems ($2.98M), and Rolled Tobacco ($2.8M). Over the past 5 years the exports of Serbia to Hong Kong have increased at an annualized rate of 15.7%, from $17.4M in 2018 to $36M in 2023.

In 2019, Serbia exported services to Hong Kong worth $49.3M, with Other business services ($26.9M), Computer and information services ($11.2M), and Travel ($3.36M) being the largest in terms of value.

Comparison: In 2023, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). 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, Hong Kong exported $46M to Serbia. The main products exported from Hong Kong to Serbia were Broadcasting Equipment ($15.1M), Rolled Tobacco ($10.1M), and Computers ($1.79M). During the last 5 years the exports of Hong Kong to Serbia have increased at an annualized rate of 1.34%, from $43.1M in 2018 to $46M in 2023.

In 2018, Serbia exported $36M to Hong Kong. The main products exported from Serbia to Hong Kong were Electrical Control Boards ($3.26M), Pulley Systems ($2.98M), and Rolled Tobacco ($2.8M). During the last 5 years the exports of Serbia to Hong Kong have increased at an annualized rate of 15.7%, from $17.4M in 2023 to $36M in 2018.

Exports from Hong Kong () to Serbia () (2023)

Exports from Serbia () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Serbia ()

Hong Kong Exports

Date

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

Serbia
Top DestinationGermany$4.76B

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

In 2023, countries that imported more from Hong Kong than Serbia included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Serbia than Hong Kong included Germany ($4.76B), Bosnia and Herzegovina ($1.77B), and Romania ($1.59B).

Difference in imports from Serbia () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with Serbia in the exports of Machines ($21.9M), Foodstuffs ($10.1M), and Textiles ($3.93M).

During 2018, Serbia had a large net trade with Hong Kong in the exports of Machines ($26.2M), Foodstuffs ($3M), and Chemical Products ($2.08M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hong Kong Serbia+$11.1MTelephones

Top Product Potential Serbia Hong Kong+$3.47MIntegrated Circuits

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 Hong Kong worth $49.3M, with Other business services ($26.9M), Computer and information services ($11.2M), and Travel ($3.36M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia () to Hong Kong () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Serbia () (2023)

Exports from Serbia () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Serbia ()

Hong Kong Exports

Serbia Exports

Market Competitiveness

Difference in imports from Serbia () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Serbia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Serbia () to Hong Kong () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Serbia () (2023)

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