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2022
Flag → Flag
Exports $101MRnk 61 / 210
2022
Flag → Flag
Top Product $34.5MScented Mixtures
2022
Flag → Flag
Exports $10.8MRnk 48 / 174
2022
Flag → Flag
Top Product $13MPlanes, Helicopters, and/or Spacecraft
2022
Flag
Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
Flag  
GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$9,394CURRENT US$
Rnk 80 / 186
2012-2022
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GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

Ireland-Serbia Trade: In 2022, Ireland exported $101M to Serbia. The main products that Ireland exported to Serbia were Scented Mixtures ($34.5M), Packaged Medicaments ($28.9M), and Vaccines, blood, antisera, toxins and cultures ($14.7M). Over the past 5 years the exports of Ireland to Serbia have increased at an annualized rate of 16%, from $48.1M in 2017 to $101M in 2022.

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

Serbia-Ireland Trade: In 2022, Serbia exported $10.8M to Ireland. The main products that Serbia exported to Ireland were Planes, Helicopters, and/or Spacecraft ($13M), Gas Turbines ($11M), and Packaged Medicaments ($4.54M). Over the past 5 years the exports of Serbia to Ireland have decreased at an annualized rate of 5.37%,  from $14.3M in 2017 to $10.8M in 2022.

In 2019, Serbia exported services to Ireland worth $139M, with Other business services ($63.8M), Computer and information services ($48.1M), and Transportation ($19M) being the largest in terms of value.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Latest Trends

N/A

About

Overview In N/A, Ireland exported €N/A and imported €N/A from Serbia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Serbia were . In N/A the top imports of Ireland from Serbia were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Serbia was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports  from Serbia was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Value

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

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

For full datasets download visit Bulk Download page.

Explore Serbia and Ireland Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $101M to Serbia. The main products exported from Ireland to Serbia were Scented Mixtures ($34.5M), Packaged Medicaments ($28.9M), and Vaccines, blood, antisera, toxins and cultures ($14.7M). During the last 5 years the exports of Ireland to Serbia have increased at an annualized rate of 16%, from $48.1M in 2017 to $101M in 2022.

In 2017, Serbia exported $10.8M to Ireland. The main products exported from Serbia to Ireland were Planes, Helicopters, and/or Spacecraft ($13M), Gas Turbines ($11M), and Packaged Medicaments ($4.54M). During the last 11 years the exports of Serbia to Ireland have decreased at an annualized rate of 5.37%, from $14.3M in 2006 to $10.8M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Ireland than Serbia included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

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

Comparative Advantage Ireland - Serbia

Flow
Scale

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

During 2022, Ireland had a large net trade with Serbia in the exports of Chemical Products ($106M), Machines ($10.3M), and Instruments ($10.1M).

During 2017, Serbia had a large net trade with Ireland in the exports of Transportation ($13.6M), Machines ($12.5M), and Plastics and Rubbers ($6.45M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Serbia+$21.6MPackaged Medicaments
Top Product Potential Serbia Ireland+$5.21MPackaged Medicaments

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 Ireland worth $139M, with Other business services ($63.8M), Computer and information services ($48.1M), and Transportation ($19M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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