2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC 
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
Rnk 32 / 186
2022
Flag
GDP PC
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186

About

Serbia-Philippines Trade: In 2022, Serbia exported $4.77M to Philippines. The main products that Serbia exported to Philippines were Washing and Bottling Machines ($1.15M), Rubber Tires ($836k), and Other Edible Preparations ($827k). Over the past 5 years the exports of Serbia to Philippines have increased at an annualized rate of 38.6%, from $934k in 2017 to $4.77M in 2022.

In 2009, Serbia exported services to Philippines worth $211k, with Personal, cultural, and recreational services ($74.1k), Compensation of employees ($60.3k), and Workers' remittances ($37.8k) being the largest in terms of value.

Philippines-Serbia Trade: In 2022, Philippines exported $21.3M to Serbia. The main products that Philippines exported to Serbia were Electromagnets ($7.19M), Office Machine Parts ($3.57M), and Electrical Transformers ($2.37M). Over the past 5 years the exports of Philippines to Serbia have increased at an annualized rate of 5.59%,  from $16.2M in 2017 to $21.3M in 2022.

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

Comparison: In 2022,  Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $4.77M to Philippines. The main products exported from Serbia to Philippines were Washing and Bottling Machines ($1.15M), Rubber Tires ($836k), and Other Edible Preparations ($827k). During the last 5 years the exports of Serbia to Philippines have increased at an annualized rate of 38.6%, from $934k in 2017 to $4.77M in 2022.

In 2017, Philippines exported $21.3M to Serbia. The main products exported from Philippines to Serbia were Electromagnets ($7.19M), Office Machine Parts ($3.57M), and Electrical Transformers ($2.37M). During the last 5 years the exports of Philippines to Serbia have increased at an annualized rate of 5.59%, from $16.2M in 2022 to $21.3M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Philippines (Flag)

Serbia Exports

Philippines Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Philippines
Top Destination
United States$15.5B

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

In 2022, countries that imported more from Serbia than Philippines included Bosnia and Herzegovina ($2.14B), Italy ($2.1B), and Hungary ($1.69B).

In 2022, countries that imported more from Philippines than Serbia included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

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

Comparative Advantage Serbia - Philippines

Flow
Scale

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

During 2022, Serbia had a large net trade with Philippines in the exports of Machines ($1.85M), Plastics and Rubbers ($1.04M), and Foodstuffs ($928k).

During 2017, Philippines had a large net trade with Serbia in the exports of Machines ($18.1M), Instruments ($1.46M), and Footwear and Headwear ($365k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Philippines+$1.28MOther Edible Preparations
Top Product Potential Philippines Serbia+$8.74MIntegrated 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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Economic Complexity

Competitive Landscape

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

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

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