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2022
Flag → Flag
Exports $915MRnk 31 / 205
2022
Flag → Flag
Top Product $117MCars
2022
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Exports $949MRnk 12 / 174
2022
Flag → Flag
Top Product $147MInsulated Wire
2022
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Economic Complexity (ECI) ECI 1.55Rnk 7 / 133
2022
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Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
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GDP$291BCURRENT US$
Rnk 46 / 186
2012-2022
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GDP GROWTH39.3%CURRENT US$
Rnk 83 / 186
2022
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 GDP$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
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GDP GROWTH46.6%CURRENT US$
Rnk 71 / 186
2022
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GDP PC $27,638CURRENT US$
Rnk 42 / 186
2012-2022
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GDP PC GROWTH39.1%CURRENT US$
Rnk 51 / 186
2022
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GDP PC$9,394CURRENT US$
Rnk 80 / 186
2012-2022
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GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

Czechia-Serbia Trade: In 2022, Czechia exported $915M to Serbia. The main products that Czechia exported to Serbia were Cars ($117M), Insulated Wire ($65.9M), and Electrical Transformers ($47.1M). Over the past 5 years the exports of Czechia to Serbia have increased at an annualized rate of 7.97%, from $624M in 2017 to $915M in 2022.

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

Serbia-Czechia Trade: In 2022, Serbia exported $949M to Czechia. The main products that Serbia exported to Czechia were Insulated Wire ($147M), Seats ($107M), and Low-voltage Protection Equipment ($80.2M). Over the past 5 years the exports of Serbia to Czechia have increased at an annualized rate of 8.14%,  from $434M in 2017 to $949M in 2022.

In 2019, Serbia exported services to Czechia worth $84M, with Other business services ($33.6M), Transportation ($16.8M), and Computer and information services ($11.2M) being the largest in terms of value.

Comparison: In 2022,  Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Czechia exported $915M to Serbia. The main products exported from Czechia to Serbia were Cars ($117M), Insulated Wire ($65.9M), and Electrical Transformers ($47.1M). During the last 5 years the exports of Czechia to Serbia have increased at an annualized rate of 7.97%, from $624M in 2017 to $915M in 2022.

In 2017, Serbia exported $949M to Czechia. The main products exported from Serbia to Czechia were Insulated Wire ($147M), Seats ($107M), and Low-voltage Protection Equipment ($80.2M). During the last 5 years the exports of Serbia to Czechia have increased at an annualized rate of 8.14%, from $434M in 2022 to $949M in 2017.

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

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

Latest Data

Trade between Czechia (Flag) and Serbia (Flag)

Czechia Exports

Serbia Exports

Market Competitiveness

Color
Czechia
Top DestinationGermany$75.3B
Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Czechia than Serbia included Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

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

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

Comparative Advantage Czechia - Serbia

Flow
Scale

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

During 2022, Czechia had a large net trade with Serbia in the exports of Machines ($325M), Transportation ($160M), and Plastics and Rubbers ($97.1M).

During 2017, Serbia had a large net trade with Czechia in the exports of Machines ($366M), Metals ($159M), and Miscellaneous ($111M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Czechia Serbia+$25.1MCars
Top Product Potential Serbia Czechia+$21.7MMotor vehicles; parts and accessories (8701 to 8705)

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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Bilateral Service Trade

In 2019, Serbia exported services to Czechia worth $84M, with Other business services ($33.6M), Transportation ($16.8M), and Computer and information services ($11.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia (Flag) to Czechia (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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