2023
Flag  
GDP
$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH
61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
 GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC 
$12,282CURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP PC GROWTH
74.4%CURRENT US$
Rnk 20 / 195
2023
Flag
GDP PC
$56,034CURRENT US$
Rnk 18 / 196
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195

About

In 2019, Serbia exported services to Austria worth $301M, with Transportation ($91.8M), Other business services ($75M), and Computer and information services ($52.6M) being the largest in terms of value.

Austria-Serbia Trade: In N/A, Austria exported $955M to Serbia. The main products that Austria exported to Serbia were Packaged Medicaments ($41.6M), Raw Aluminium ($30.4M), and Locomotive Parts ($27.8M). Over the past N/A years the exports of Austria to Serbia have increased at an annualized rate of 2.96%,  from $673M in N/A to $955M in N/A.

In 2011, Austria exported services to Serbia worth $342M, with Communications services ($152M), Other business services ($78M), and Transportation ($52.9M) being the largest in terms of value.

Comparison: In 2023,  Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth
Value

Serbia does not register exports to Austria. The main products exported from Serbia to Austria were Light Fixtures ($73.7M), Cleaning Products ($52.5M), and Hot-Rolled Iron ($44.5M).

In 2018, Austria exported $955M to Serbia. The main products exported from Austria to Serbia were Packaged Medicaments ($41.6M), Raw Aluminium ($30.4M), and Locomotive Parts ($27.8M). During the last 5 years the exports of Austria to Serbia have increased at an annualized rate of 2.96%, from $673M in 2023 to $955M in 2018.

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

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

Latest Data

Trade between Serbia (Flag) and Austria (Flag)

Serbia Exports

Austria Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4.76B
Austria
Top Destination
Germany$51B

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

In 2023, countries that imported more from Serbia than Austria included Bosnia and Herzegovina ($1.77B), Montenegro ($995M), and North Macedonia ($932M).

In 2023, countries that imported more from Austria than Serbia included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

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

Comparative Advantage Serbia - Austria

Flow
Scale

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

During 2018, Austria had a large net trade with Serbia in the exports of Machines ($254M), Chemical Products ($129M), and Metals ($117M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Austria+$18.7MInsulated Wire
Top Product Potential Austria Serbia+$18.5MPackaged 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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Economic Complexity

Competitive Landscape

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

Product Space of Serbia (Flag) and Austria (Flag) (2023)

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