2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$221BCURRENT US$
Rnk 53 / 186
2012-2022
Flag
GDP GROWTH
6.07%CURRENT US$
Rnk 150 / 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
$11,244CURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP PC GROWTH
-9.23%CURRENT US$
Rnk 161 / 186

About

Serbia-Kazakhstan Trade: In 2022, Serbia exported $71.1M to Kazakhstan. The main products that Serbia exported to Kazakhstan were Cellulose Fibers Paper ($32M), Aluminium Bars ($4.7M), and Aluminium Plating ($3.99M). Over the past 5 years the exports of Serbia to Kazakhstan have increased at an annualized rate of 14.8%, from $35.7M in 2017 to $71.1M in 2022.

In 2009, Serbia exported services to Kazakhstan worth $11.1M, with Construction services ($7.22M), Workers' remittances ($2.45M), and Compensation of employees ($584k) being the largest in terms of value.

Kazakhstan-Serbia Trade: In 2022, Kazakhstan exported $16.9M to Serbia. The main products that Kazakhstan exported to Serbia were Petroleum Gas ($9.09M), Coal Briquettes ($4.18M), and Refined Petroleum ($1.24M). Over the past 5 years the exports of Kazakhstan to Serbia have decreased at an annualized rate of 22.4%,  from $59.8M in 2017 to $16.9M in 2022.

In 2022, Kazakhstan 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, Kazakhstan ranked 73 in the Economic Complexity Index (ECI -0.17), and 45 in total exports ($98.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $71.1M to Kazakhstan. The main products exported from Serbia to Kazakhstan were Cellulose Fibers Paper ($32M), Aluminium Bars ($4.7M), and Aluminium Plating ($3.99M). During the last 5 years the exports of Serbia to Kazakhstan have increased at an annualized rate of 14.8%, from $35.7M in 2017 to $71.1M in 2022.

In 2017, Kazakhstan exported $16.9M to Serbia. The main products exported from Kazakhstan to Serbia were Petroleum Gas ($9.09M), Coal Briquettes ($4.18M), and Refined Petroleum ($1.24M). During the last 5 years the exports of Kazakhstan to Serbia have decreased at an annualized rate of 22.4%, from $59.8M in 2022 to $16.9M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Kazakhstan (Flag)

Serbia Exports

Kazakhstan Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Kazakhstan
Top Destination
China$13.4B

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

In 2022, countries that imported more from Serbia than Kazakhstan included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Hungary ($1.69B).

In 2022, countries that imported more from Kazakhstan than Serbia included China ($13.4B), Italy ($12.4B), and Russia ($8.78B).

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

Comparative Advantage Serbia - Kazakhstan

Flow
Scale

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

During 2022, Serbia had a large net trade with Kazakhstan in the exports of Paper Goods ($32.1M), Metals ($11M), and Machines ($9.6M).

During 2017, Kazakhstan had a large net trade with Serbia in the exports of Mineral Products ($14.5M), Metals ($885k), and Machines ($495k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Kazakhstan+$1.66MPackaged Medicaments
Top Product Potential Kazakhstan Serbia+$6.91MPetroleum Gas

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

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

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