2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 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
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186

About

Serbia-Slovakia Trade: In 2022, Serbia exported $697M to Slovakia. The main products that Serbia exported to Slovakia were Insulated Wire ($314M), Refined Petroleum ($35.1M), and Railway Freight Cars ($33.6M). Over the past 5 years the exports of Serbia to Slovakia have increased at an annualized rate of 15.4%, from $341M in 2017 to $697M in 2022.

In 2019, Serbia exported services to Slovakia worth $54.9M, with Transportation ($24.6M), Other business services ($17.9M), and Travel ($4.48M) being the largest in terms of value.

Slovakia-Serbia Trade: In 2022, Slovakia exported $671M to Serbia. The main products that Slovakia exported to Serbia were Refined Petroleum ($109M), Broadcasting Equipment ($86M), and Cars ($33.1M). Over the past 5 years the exports of Slovakia to Serbia have increased at an annualized rate of 11.5%,  from $390M in 2017 to $671M in 2022.

In 2012, Slovakia exported services to Serbia worth $9.81M, with Travel ($4.92M), Services not allocated ($4.91M), and Transportation (-$15.8k) being the largest in terms of value.

Comparison: In 2022,  Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $697M to Slovakia. The main products exported from Serbia to Slovakia were Insulated Wire ($314M), Refined Petroleum ($35.1M), and Railway Freight Cars ($33.6M). During the last 5 years the exports of Serbia to Slovakia have increased at an annualized rate of 15.4%, from $341M in 2017 to $697M in 2022.

In 2017, Slovakia exported $671M to Serbia. The main products exported from Slovakia to Serbia were Refined Petroleum ($109M), Broadcasting Equipment ($86M), and Cars ($33.1M). During the last 5 years the exports of Slovakia to Serbia have increased at an annualized rate of 11.5%, from $390M in 2022 to $671M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Slovakia (Flag)

Serbia Exports

Slovakia Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Slovakia
Top Destination
Germany$22.2B

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

In 2022, countries that imported more from Serbia than Slovakia included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and North Macedonia ($1.03B).

In 2022, countries that imported more from Slovakia than Serbia included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

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

Comparative Advantage Serbia - Slovakia

Flow
Scale

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

During 2022, Serbia had a large net trade with Slovakia in the exports of Machines ($383M), Metals ($65.1M), and Plastics and Rubbers ($61.5M).

During 2017, Slovakia had a large net trade with Serbia in the exports of Machines ($220M), Mineral Products ($146M), and Transportation ($69.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Slovakia+$6.62MElectric Motors
Top Product Potential Slovakia Serbia+$36.9MCars

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 Slovakia. This means that a dot/product with the flag of Serbia indicates it has a comparative advantage over Slovakia. Similarly, a dot/product with the flag of Slovakia indicates it has a comparative advantage over Serbia.

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

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