2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 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
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186

About

Serbia-Ireland Trade: In 2022, Serbia exported $42.1M to Ireland. The main products that Serbia exported to Ireland were Planes, Helicopters, and/or Spacecraft ($13M), Gas Turbines ($11M), and Packaged Medicaments ($4.54M). Over the past 5 years the exports of Serbia to Ireland have increased at an annualized rate of 31.2%, from $10.8M in 2017 to $42.1M in 2022.

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.

Ireland-Serbia Trade: In 2022, Ireland exported $144M to Serbia. The main products that Ireland exported to Serbia were Scented Mixtures ($34.5M), Packaged Medicaments ($28.9M), and Vaccines, blood, antisera, toxins and cultures ($14.7M). Over the past 5 years the exports of Ireland to Serbia have increased at an annualized rate of 7.34%,  from $101M in 2017 to $144M in 2022.

In 2022, Ireland 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $42.1M to Ireland. The main products exported from Serbia to Ireland were Planes, Helicopters, and/or Spacecraft ($13M), Gas Turbines ($11M), and Packaged Medicaments ($4.54M). During the last 5 years the exports of Serbia to Ireland have increased at an annualized rate of 31.2%, from $10.8M in 2017 to $42.1M in 2022.

In 2017, Ireland exported $144M to Serbia. The main products exported from Ireland to Serbia were Scented Mixtures ($34.5M), Packaged Medicaments ($28.9M), and Vaccines, blood, antisera, toxins and cultures ($14.7M). During the last 5 years the exports of Ireland to Serbia have increased at an annualized rate of 7.34%, from $101M in 2022 to $144M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Ireland (Flag)

Serbia Exports

Ireland Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Ireland
Top Destination
United States$70.7B

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

In 2022, countries that imported more from Serbia than Ireland included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and Croatia ($1.25B).

In 2022, countries that imported more from Ireland than Serbia included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

Comparative Advantage Serbia - Ireland

Flow
Scale

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

During 2022, Serbia had a large net trade with Ireland in the exports of Transportation ($13.6M), Machines ($12.5M), and Plastics and Rubbers ($6.45M).

During 2017, Ireland had a large net trade with Serbia in the exports of Chemical Products ($106M), Machines ($10.3M), and Instruments ($10.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Ireland+$5.21MPackaged Medicaments
Top Product Potential Ireland Serbia+$21.6MPackaged 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 Ireland. This means that a dot/product with the flag of Serbia indicates it has a comparative advantage over Ireland. Similarly, a dot/product with the flag of Ireland indicates it has a comparative advantage over Serbia.

Product Space of Serbia (Flag) and Ireland (Flag) (2022)

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