2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$291BCURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP GROWTH
39.3%CURRENT US$
Rnk 83 / 186
2022
Flag
GDP PC 
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
Rnk 32 / 186
2022
Flag
GDP PC
$27,638CURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP PC GROWTH
39.1%CURRENT US$
Rnk 51 / 186

About

Serbia-Czechia Trade: In 2022, Serbia exported $949M to Czechia. The main products that Serbia exported to Czechia were Insulated Wire ($147M), Seats ($107M), and Low-voltage Protection Equipment ($80.2M). Over the past 5 years the exports of Serbia to Czechia have increased at an annualized rate of 16.9%, from $434M in 2017 to $949M in 2022.

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 2022, Czechia exported $915M to Serbia. The main products that Czechia exported to Serbia were Cars ($117M), Insulated Wire ($65.9M), and Electrical Transformers ($47.1M). Over the past 5 years the exports of Czechia to Serbia have increased at an annualized rate of 7.97%,  from $624M in 2017 to $915M in 2022.

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

Comparison: In 2022,  Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $949M to Czechia. The main products exported from Serbia to Czechia were Insulated Wire ($147M), Seats ($107M), and Low-voltage Protection Equipment ($80.2M). During the last 5 years the exports of Serbia to Czechia have increased at an annualized rate of 16.9%, from $434M in 2017 to $949M in 2022.

In 2017, Czechia exported $915M to Serbia. The main products exported from Czechia to Serbia were Cars ($117M), Insulated Wire ($65.9M), and Electrical Transformers ($47.1M). During the last 5 years the exports of Czechia to Serbia have increased at an annualized rate of 7.97%, from $624M in 2022 to $915M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Czechia (Flag)

Serbia Exports

Czechia Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Czechia
Top Destination
Germany$75.3B

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 2022, countries that imported more from Serbia than Czechia included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and North Macedonia ($1.03B).

In 2022, countries that imported more from Czechia than Serbia included Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

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

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 2022, Serbia had a large net trade with Czechia in the exports of Machines ($366M), Metals ($159M), and Miscellaneous ($111M).

During 2017, Czechia had a large net trade with Serbia in the exports of Machines ($325M), Transportation ($160M), and Plastics and Rubbers ($97.1M).

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+N/AN/A

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) (2022)

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