2023
Flag  
GDP
$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH
61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
 GDP
$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH
41.4%CURRENT US$
Rnk 91 / 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
$36,551CURRENT US$
Rnk 35 / 196
2013-2023
Flag
GDP PC GROWTH
31.5%CURRENT US$
Rnk 76 / 195

About

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 14.4%, 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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 14.4%, from $22.5M in 2018 to $44.1M in 2023.

In 2018, 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 2023 to $8.58M in 2018.

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

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

Latest Data

Trade between Serbia (Flag) and Cyprus (Flag)

Serbia Exports

Cyprus Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4.76B
Cyprus
Top Destination
Libya$775M

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

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

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

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

Comparative Advantage Serbia - Cyprus

Flow
Scale

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

During 2023, 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).

During 2018, Cyprus had a large net trade with Serbia in the exports of Chemical Products ($4.89M), Miscellaneous ($1.42M), and Vegetable Products ($828k).

Economic Complexity

Competitive Landscape

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

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

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