2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
Rnk 32 / 186

About

Ireland-Serbia Trade: In 2022, Ireland exported $144M to Serbia. The main products that Ireland exported to Serbia were Scented Mixtures ($34.5M), Packaged Medicaments ($28.9M), and Vaccines, blood, antisera, toxins and cultures ($14.7M). Over the past 5 years the exports of Ireland to Serbia have increased at an annualized rate of 7.34%, from $101M in 2017 to $144M in 2022.

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

Serbia-Ireland Trade: In 2022, Serbia exported $42.1M to Ireland. The main products that Serbia exported to Ireland were Planes, Helicopters, and/or Spacecraft ($13M), Gas Turbines ($11M), and Packaged Medicaments ($4.54M). Over the past 5 years the exports of Serbia to Ireland have increased at an annualized rate of 31.2%,  from $10.8M in 2017 to $42.1M in 2022.

In 2019, Serbia exported services to Ireland worth $139M, with Other business services ($63.8M), Computer and information services ($48.1M), and Transportation ($19M) being the largest in terms of value.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). 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, Ireland exported $144M to Serbia. The main products exported from Ireland to Serbia were Scented Mixtures ($34.5M), Packaged Medicaments ($28.9M), and Vaccines, blood, antisera, toxins and cultures ($14.7M). During the last 5 years the exports of Ireland to Serbia have increased at an annualized rate of 7.34%, from $101M in 2017 to $144M in 2022.

In 2017, Serbia exported $42.1M to Ireland. The main products exported from Serbia to Ireland were Planes, Helicopters, and/or Spacecraft ($13M), Gas Turbines ($11M), and Packaged Medicaments ($4.54M). During the last 5 years the exports of Serbia to Ireland have increased at an annualized rate of 31.2%, from $10.8M in 2022 to $42.1M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Serbia
Top Destination
Germany$4B

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

In 2022, countries that imported more from Ireland than Serbia included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Serbia than Ireland included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and Croatia ($1.25B).

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

Comparative Advantage Ireland - Serbia

Flow
Scale

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

During 2022, Ireland had a large net trade with Serbia in the exports of Chemical Products ($106M), Machines ($10.3M), and Instruments ($10.1M).

During 2017, Serbia had a large net trade with Ireland in the exports of Transportation ($13.6M), Machines ($12.5M), and Plastics and Rubbers ($6.45M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Serbia+$21.6MPackaged Medicaments
Top Product Potential Serbia Ireland+$5.21MPackaged Medicaments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2019, Serbia exported services to Ireland worth $139M, with Other business services ($63.8M), Computer and information services ($48.1M), and Transportation ($19M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with