Cyprus (CYP) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Cyprus-Serbia Trade: In 2023, Cyprus exported $8.58M to Serbia. The main products that Cyprus exported to Serbia were Packaged Medicaments ($4.6M), Light Fixtures ($755k), and Citrus ($626k). Over the past 5 years the exports of Cyprus to Serbia have increased at an annualized rate of 7.39%, from $6.01M in 2018 to $8.58M in 2023.

In 2023, Cyprus did not export any services to Serbia.

Serbia-Cyprus Trade: In 2023, Serbia exported $44.1M to Cyprus. The main products that Serbia exported to Cyprus were Flavored Water ($12.7M), Cellulose Fibers Paper ($10.8M), and Rubber Tires ($3.31M). Over the past 5 years the exports of Serbia to Cyprus have increased at an annualized rate of 11.9%, from $22.5M in 2018 to $44.1M in 2023.

In 2019, Serbia exported services to Cyprus worth $89.6M, with Travel ($26.9M), Other business services ($22.4M), and Computer and information services ($21.3M) being the largest in terms of value.

Comparison In 2023, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Cyprus exported $8.58M to Serbia. The main products exported from Cyprus to Serbia were Packaged Medicaments ($4.6M), Light Fixtures ($755k), and Citrus ($626k). During the last 5 years the exports of Cyprus to Serbia have increased at an annualized rate of 7.39%, from $6.01M in 2018 to $8.58M in 2023.

In 2018, Serbia exported $44.1M to Cyprus. The main products exported from Serbia to Cyprus were Flavored Water ($12.7M), Cellulose Fibers Paper ($10.8M), and Rubber Tires ($3.31M). During the last 5 years the exports of Serbia to Cyprus have increased at an annualized rate of 11.9%, from $22.5M in 2023 to $44.1M in 2018.

Exports from Cyprus () to Serbia () (2023)

Exports from Serbia () to Cyprus () (2023)

Latest Data

Trade between Cyprus () and Serbia ()

Cyprus Exports

Date

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationLibya$775M

Serbia
Top DestinationGermany$4.76B

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

In 2023, countries that imported more from Cyprus than Serbia included Libya ($775M), Lebanon ($438M), and Bermuda ($403M).

In 2023, countries that imported more from Serbia than Cyprus included Germany ($4.76B), Hungary ($2.26B), and Bosnia and Herzegovina ($1.77B).

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

Comparative Advantage Cyprus - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Cyprus had a large net trade with Serbia in the exports of Chemical Products ($4.89M), Miscellaneous ($1.42M), and Vegetable Products ($828k).

During 2018, Serbia had a large net trade with Cyprus in the exports of Foodstuffs ($18.2M), Paper Goods ($11.5M), and Plastics and Rubbers ($4.78M).

Bilateral Service Trade

Srb Year

In 2019, Serbia exported services to Cyprus worth $89.6M, with Travel ($26.9M), Other business services ($22.4M), and Computer and information services ($21.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia () to Cyprus () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Cyprus () to Serbia () (2023)

Exports from Serbia () to Cyprus () (2023)

Latest Data

Trade between Cyprus () and Serbia ()

Cyprus Exports

Serbia Exports

Market Competitiveness

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

Comparative Advantage Cyprus - Serbia

Bilateral Service Trade

Services Exports from Serbia () to Cyprus () (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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