2023
Flag  
GDP
$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH
61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
 GDP
$343BCURRENT US$
Rnk 44 / 195
2013-2023
Flag
GDP GROWTH
61.1%CURRENT US$
Rnk 55 / 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
$31,591CURRENT US$
Rnk 45 / 196
2013-2023
Flag
GDP PC GROWTH
55.9%CURRENT US$
Rnk 36 / 195

About

Serbia-Czechia Trade: In 2023, Serbia exported $1.26B to Czechia. The main products that Serbia exported to Czechia were Insulated Wire ($236M), Seats ($162M), and Motor vehicles; parts and accessories (8701 to 8705) ($108M). Over the past 5 years the exports of Serbia to Czechia have increased at an annualized rate of 13.9%, from $659M in 2018 to $1.26B in 2023.

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.

Czechia-Serbia Trade: In 2023, Czechia exported $1.1B to Serbia. The main products that Czechia exported to Serbia were Cars ($239M), Insulated Wire ($74.5M), and Electrical Transformers ($66.4M). Over the past 5 years the exports of Czechia to Serbia have increased at an annualized rate of 8.18%,  from $684M in 2018 to $1.1B in 2023.

In 2023, Czechia 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, Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Serbia exported $1.26B to Czechia. The main products exported from Serbia to Czechia were Insulated Wire ($236M), Seats ($162M), and Motor vehicles; parts and accessories (8701 to 8705) ($108M). During the last 5 years the exports of Serbia to Czechia have increased at an annualized rate of 13.9%, from $659M in 2018 to $1.26B in 2023.

In 2018, Czechia exported $1.1B to Serbia. The main products exported from Czechia to Serbia were Cars ($239M), Insulated Wire ($74.5M), and Electrical Transformers ($66.4M). During the last 5 years the exports of Czechia to Serbia have increased at an annualized rate of 8.18%, from $684M in 2023 to $1.1B in 2018.

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

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

Latest Data

Trade between Serbia (Flag) and Czechia (Flag)

Serbia Exports

Czechia Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4.76B
Czechia
Top Destination
Germany$64.2B

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

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

In 2023, countries that imported more from Czechia than Serbia included Germany ($64.2B), Slovakia ($15.8B), and Poland ($13.8B).

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

Comparative Advantage Serbia - Czechia

Flow
Scale

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

During 2023, Serbia had a large net trade with Czechia in the exports of Machines ($500M), Metals ($194M), and Miscellaneous ($166M).

During 2018, Czechia had a large net trade with Serbia in the exports of Machines ($349M), Transportation ($287M), and Metals ($114M).

Potential Exports

Potential Exports

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

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 Czechia. This means that a dot/product with the flag of Serbia indicates it has a comparative advantage over Czechia. Similarly, a dot/product with the flag of Czechia indicates it has a comparative advantage over Serbia.

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

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