Serbia (SRB) and China (CHN) Trade | The Observatory of Economic Complexity

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $1.42B in 2023.

In 2018, 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 2023 to $3.96B in 2018.

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

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

Latest Data

Trade between Serbia () and China ()

Serbia Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4.76B

China
Top DestinationUnited States$436B

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

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).

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

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

Comparative Advantage Serbia - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Serbia had a large net trade with China in the exports of Mineral Products ($969M), Metals ($303M), and Machines ($82.2M).

During 2018, China had a large net trade with Serbia in the exports of Machines ($2.01B), Metals ($532M), and Plastics and Rubbers ($261M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Serbia China+$101MCopper Ore

Top Product Potential China Serbia+$133MTelephones

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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Serbia () and China ()

Serbia Exports

China Exports

Market Competitiveness

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

Comparative Advantage Serbia - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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