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2023
Flag → Flag
Exports $188MRnk 57 / 211
2023
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Top Product $51.7MScented Mixtures
2023
Flag → Flag
Exports $37MRnk 55 / 184
2023
Flag → Flag
Top Product $12.6MGas Turbines
2023
Flag
Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
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Economic Complexity (ECI) ECI 0.76Rnk 35 / 132
2023
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GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
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GDP GROWTH127%CURRENT US$
Rnk 7 / 195
2023
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 GDP$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
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GDP GROWTH61.2%CURRENT US$
Rnk 53 / 195
2023
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GDP PC $103,888CURRENT US$
Rnk 4 / 195
2013-2023
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GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 195
2023
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GDP PC$12,282CURRENT US$
Rnk 82 / 196
2013-2023
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GDP PC GROWTH74.4%CURRENT US$
Rnk 20 / 195

About

Ireland-Serbia Trade: In 2023, Ireland exported $188M to Serbia. The main products that Ireland exported to Serbia were Scented Mixtures ($51.7M), Packaged Medicaments ($38M), and Vaccines, blood, antisera, toxins and cultures ($15.1M). Over the past 5 years the exports of Ireland to Serbia have increased at an annualized rate of 7.19%, from $133M in 2018 to $188M in 2023.

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

Serbia-Ireland Trade: In 2023, Serbia exported $37M to Ireland. The main products that Serbia exported to Ireland were Gas Turbines ($12.6M), Packaged Medicaments ($9.13M), and Other Rubber Products ($2.95M). Over the past 5 years the exports of Serbia to Ireland have increased at an annualized rate of 38.6%,  from $7.22M in 2018 to $37M in 2023.

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 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).

Latest Trends

N/A

About

Overview In N/A, Ireland exported €N/A and imported €N/A from Serbia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Serbia were . In N/A the top imports of Ireland from Serbia were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Serbia was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports  from Serbia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Serbia and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Serbia and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $188M to Serbia. The main products exported from Ireland to Serbia were Scented Mixtures ($51.7M), Packaged Medicaments ($38M), and Vaccines, blood, antisera, toxins and cultures ($15.1M). During the last 5 years the exports of Ireland to Serbia have increased at an annualized rate of 7.19%, from $133M in 2018 to $188M in 2023.

In 2018, Serbia exported $37M to Ireland. The main products exported from Serbia to Ireland were Gas Turbines ($12.6M), Packaged Medicaments ($9.13M), and Other Rubber Products ($2.95M). During the last 5 years the exports of Serbia to Ireland have increased at an annualized rate of 38.6%, from $7.22M in 2023 to $37M in 2018.

Exports from Ireland (Flag) to Serbia (Flag) (2023)

Exports from Serbia (Flag) to Ireland (Flag) (2023)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Serbia
Top DestinationGermany$4.76B

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 2023, countries that imported more from Ireland than Serbia included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Serbia than Ireland included Bosnia and Herzegovina ($1.77B), Hungary ($2.26B), and Croatia ($1.18B).

Difference in imports from Serbia (Flag) and Ireland (Flag) (2023)

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 2023, Ireland had a large net trade with Serbia in the exports of Chemical Products ($130M), Foodstuffs ($14.3M), and Instruments ($14.1M).

During 2018, Serbia had a large net trade with Ireland in the exports of Machines ($15.6M), Chemical Products ($11.3M), and Plastics and Rubbers ($5.25M).

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.

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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) (2023)

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