2023
Flag  
GDP
$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH
61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
 GDP
$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH
127%CURRENT US$
Rnk 7 / 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
$103,888CURRENT US$
Rnk 4 / 196
2013-2023
Flag
GDP PC GROWTH
97.4%CURRENT US$
Rnk 9 / 195

About

Serbia-Ireland Trade: In 2023, Serbia exported $37M to Ireland. The main products that Serbia exported to Ireland were Gas Turbines ($12.6M), Packaged Medicaments ($9.13M), and Other Rubber Products ($2.95M). Over the past 5 years the exports of Serbia to Ireland have increased at an annualized rate of 38.6%, from $7.22M in 2018 to $37M in 2023.

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 2023, Ireland exported $188M to Serbia. The main products that Ireland exported to Serbia were Scented Mixtures ($51.7M), Packaged Medicaments ($38M), and Vaccines, blood, antisera, toxins and cultures ($15.1M). Over the past 5 years the exports of Ireland to Serbia have increased at an annualized rate of 7.19%,  from $133M in 2018 to $188M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Serbia exported $37M to Ireland. The main products exported from Serbia to Ireland were Gas Turbines ($12.6M), Packaged Medicaments ($9.13M), and Other Rubber Products ($2.95M). During the last 5 years the exports of Serbia to Ireland have increased at an annualized rate of 38.6%, from $7.22M in 2018 to $37M in 2023.

In 2018, Ireland exported $188M to Serbia. The main products exported from Ireland to Serbia were Scented Mixtures ($51.7M), Packaged Medicaments ($38M), and Vaccines, blood, antisera, toxins and cultures ($15.1M). During the last 5 years the exports of Ireland to Serbia have increased at an annualized rate of 7.19%, from $133M in 2023 to $188M in 2018.

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

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

Latest Data

Trade between Serbia (Flag) and Ireland (Flag)

Serbia Exports

Ireland Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4.76B
Ireland
Top Destination
United States$67.4B

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 2023, countries that imported more from Serbia than Ireland included Bosnia and Herzegovina ($1.77B), Hungary ($2.26B), and Croatia ($1.18B).

In 2023, countries that imported more from Ireland than Serbia included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

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 2023, Serbia had a large net trade with Ireland in the exports of Machines ($15.6M), Chemical Products ($11.3M), and Plastics and Rubbers ($5.25M).

During 2018, Ireland had a large net trade with Serbia in the exports of Chemical Products ($130M), Foodstuffs ($14.3M), and Instruments ($14.1M).

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with