2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$80.4BCURRENT US$
Rnk 72 / 186
2012-2022
Flag
GDP GROWTH
19.1%CURRENT US$
Rnk 123 / 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
$2,255CURRENT US$
Rnk 143 / 186
2012-2022
Flag
GDP PC GROWTH
-0.55%CURRENT US$
Rnk 146 / 186

About

Serbia-Uzbekistan Trade: In 2022, Serbia exported $17.6M to Uzbekistan. The main products that Serbia exported to Uzbekistan were Cellulose Fibers Paper ($4.23M), Aluminium Structures ($3.33M), and Liquid Pumps ($1.69M). Over the past 5 years the exports of Serbia to Uzbekistan have increased at an annualized rate of 62%, from $1.58M in 2017 to $17.6M in 2022.

In 2009, Serbia exported services to Uzbekistan worth $86.1k, with Personal, cultural, and recreational services ($59.9k), Workers' remittances ($16.9k), and Other business services ($8.96k) being the largest in terms of value.

Uzbekistan-Serbia Trade: In 2022, Uzbekistan exported $2.91M to Serbia. The main products that Uzbekistan exported to Serbia were Other Vegetable Products ($1.14M), Non-Retail Pure Cotton Yarn ($742k), and Recovered Paper Pulp ($413k). Over the past 5 years the exports of Uzbekistan to Serbia have increased at an annualized rate of 19.7%,  from $576k in 2017 to $2.91M in 2022.

In 2022, Uzbekistan 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, Uzbekistan ranked 79 in the Economic Complexity Index (ECI -0.28), and 83 in total exports ($16.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $17.6M to Uzbekistan. The main products exported from Serbia to Uzbekistan were Cellulose Fibers Paper ($4.23M), Aluminium Structures ($3.33M), and Liquid Pumps ($1.69M). During the last 5 years the exports of Serbia to Uzbekistan have increased at an annualized rate of 62%, from $1.58M in 2017 to $17.6M in 2022.

In 2017, Uzbekistan exported $2.91M to Serbia. The main products exported from Uzbekistan to Serbia were Other Vegetable Products ($1.14M), Non-Retail Pure Cotton Yarn ($742k), and Recovered Paper Pulp ($413k). During the last 5 years the exports of Uzbekistan to Serbia have increased at an annualized rate of 19.7%, from $576k in 2022 to $2.91M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Uzbekistan (Flag)

Serbia Exports

Uzbekistan Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Uzbekistan
Top Destination
Switzerland$4.29B

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

In 2022, countries that imported more from Serbia than Uzbekistan included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

In 2022, countries that imported more from Uzbekistan than Serbia included Switzerland ($4.29B), Russia ($2.6B), and Kazakhstan ($1.25B).

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

Comparative Advantage Serbia - Uzbekistan

Flow
Scale

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

During 2022, Serbia had a large net trade with Uzbekistan in the exports of Paper Goods ($4.26M), Metals ($3.78M), and Machines ($2.97M).

During 2017, Uzbekistan had a large net trade with Serbia in the exports of Vegetable Products ($1.25M), Textiles ($1.1M), and Paper Goods ($413k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Uzbekistan+$1.45MRubber Tires
Top Product Potential Uzbekistan Serbia+$640kNon-Retail Pure Cotton Yarn

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

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

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