2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH
109%CURRENT US$
Rnk 12 / 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
$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH
90.1%CURRENT US$
Rnk 11 / 186

About

Serbia-Vietnam Trade: In 2022, Serbia exported $4.57M to Vietnam. The main products that Serbia exported to Vietnam were Phosphinates (hypophosphites) and phosphonates (phosphites) ($2.28M), Animal Meal and Pellets ($785k), and Sawn Wood ($223k). Over the past 5 years the exports of Serbia to Vietnam have decreased at an annualized rate of 29.1%, from $25.5M in 2017 to $4.57M in 2022.

In 2009, Serbia exported services to Vietnam worth $230k, with Personal, cultural, and recreational services ($110k), Compensation of employees ($50.5k), and Workers' remittances ($45.9k) being the largest in terms of value.

Vietnam-Serbia Trade: In 2022, Vietnam exported $222M to Serbia. The main products that Vietnam exported to Serbia were Broadcasting Equipment ($105M), Coffee ($11M), and Audio Alarms ($9.87M). Over the past 5 years the exports of Vietnam to Serbia have increased at an annualized rate of 9.58%,  from $97.5M in 2017 to $222M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $4.57M to Vietnam. The main products exported from Serbia to Vietnam were Phosphinates (hypophosphites) and phosphonates (phosphites) ($2.28M), Animal Meal and Pellets ($785k), and Sawn Wood ($223k). During the last 5 years the exports of Serbia to Vietnam have decreased at an annualized rate of 29.1%, from $25.5M in 2017 to $4.57M in 2022.

In 2017, Vietnam exported $222M to Serbia. The main products exported from Vietnam to Serbia were Broadcasting Equipment ($105M), Coffee ($11M), and Audio Alarms ($9.87M). During the last 5 years the exports of Vietnam to Serbia have increased at an annualized rate of 9.58%, from $97.5M in 2022 to $222M in 2017.

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

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

Latest Data

Trade between Serbia (Flag) and Vietnam (Flag)

Serbia Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Vietnam
Top Destination
United States$117B

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

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

In 2022, countries that imported more from Vietnam than Serbia included United States ($117B), China ($58.7B), and Japan ($25B).

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

Comparative Advantage Serbia - Vietnam

Flow
Scale

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

During 2022, Serbia had a large net trade with Vietnam in the exports of Chemical Products ($2.82M), Foodstuffs ($965k), and Machines ($293k).

During 2017, Vietnam had a large net trade with Serbia in the exports of Machines ($135M), Metals ($18.6M), and Vegetable Products ($15.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Vietnam+$741kPackaged Medicaments
Top Product Potential Vietnam Serbia+$41MTelephones

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

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

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