2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 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
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186

About

Serbia-Kuwait Trade: In 2022, Serbia exported $24.3M to Kuwait. The main products that Serbia exported to Kuwait were Cleaning Products ($7.02M), Liquid Pumps ($1.63M), and Refrigerators ($939k). Over the past 5 years the exports of Serbia to Kuwait have increased at an annualized rate of 26.8%, from $7.43M in 2017 to $24.3M in 2022.

In 2009, Serbia exported services to Kuwait worth $1.56M, with Workers' remittances ($1.32M), Travel ($81k), and Government services, n.i.e. ($50.5k) being the largest in terms of value.

Kuwait-Serbia Trade: In 2022, Kuwait exported $472k to Serbia. The main products that Kuwait exported to Serbia were Ethers ($197k), Ethylene Polymers ($157k), and Acyclic Alcohols ($47.1k). Over the past 5 years the exports of Kuwait to Serbia have increased at an annualized rate of 1.89%,  from $430k in 2017 to $472k in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $24.3M to Kuwait. The main products exported from Serbia to Kuwait were Cleaning Products ($7.02M), Liquid Pumps ($1.63M), and Refrigerators ($939k). During the last 5 years the exports of Serbia to Kuwait have increased at an annualized rate of 26.8%, from $7.43M in 2017 to $24.3M in 2022.

In 2017, Kuwait exported $472k to Serbia. The main products exported from Kuwait to Serbia were Ethers ($197k), Ethylene Polymers ($157k), and Acyclic Alcohols ($47.1k). During the last 5 years the exports of Kuwait to Serbia have increased at an annualized rate of 1.89%, from $430k in 2022 to $472k in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Kuwait (Flag)

Serbia Exports

Kuwait Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Kuwait
Top Destination
China$24.3B

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

In 2022, countries that imported more from Serbia than Kuwait included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

In 2022, countries that imported more from Kuwait than Serbia included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Serbia - Kuwait

Flow
Scale

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

During 2022, Serbia had a large net trade with Kuwait in the exports of Chemical Products ($7.69M), Machines ($5.75M), and Textiles ($2.38M).

During 2017, Kuwait had a large net trade with Serbia in the exports of Chemical Products ($269k), Plastics and Rubbers ($157k), and Mineral Products ($16.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Kuwait+$2.29MCleaning Products
Top Product Potential Kuwait Serbia+$485kEthylene Polymers

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

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

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