Slovakia (SVK) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Slovakia-Serbia Trade: In 2023, Slovakia exported $473M to Serbia. The main products that Slovakia exported to Serbia were Cars ($50.4M), Refined Petroleum ($33M), and Insulated Wire ($22.3M). Over the past 5 years the exports of Slovakia to Serbia have increased at an annualized rate of 7.81%, from $325M in 2018 to $473M in 2023.

In 2012, Slovakia exported services to Serbia worth $9.81M, with Travel ($4.92M), Services not allocated ($4.91M), and Transportation (-$15.8k) being the largest in terms of value.

Serbia-Slovakia Trade: In 2023, Serbia exported $693M to Slovakia. The main products that Serbia exported to Slovakia were Insulated Wire ($288M), Railway Freight Cars ($53.2M), and Electrical Control Boards ($32.3M). Over the past 5 years the exports of Serbia to Slovakia have increased at an annualized rate of 9.93%, from $432M in 2018 to $693M in 2023.

In 2019, Serbia exported services to Slovakia worth $54.9M, with Transportation ($24.6M), Other business services ($17.9M), and Travel ($4.48M) being the largest in terms of value.

Comparison: In 2023, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Slovakia exported $473M to Serbia. The main products exported from Slovakia to Serbia were Cars ($50.4M), Refined Petroleum ($33M), and Insulated Wire ($22.3M). During the last 5 years the exports of Slovakia to Serbia have increased at an annualized rate of 7.81%, from $325M in 2018 to $473M in 2023.

In 2018, Serbia exported $693M to Slovakia. The main products exported from Serbia to Slovakia were Insulated Wire ($288M), Railway Freight Cars ($53.2M), and Electrical Control Boards ($32.3M). During the last 5 years the exports of Serbia to Slovakia have increased at an annualized rate of 9.93%, from $432M in 2023 to $693M in 2018.

Exports from Slovakia () to Serbia () (2023)

Exports from Serbia () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Serbia ()

Slovakia Exports

Date

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$21.5B

Serbia
Top DestinationGermany$4.76B

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

In 2023, countries that imported more from Slovakia than Serbia included Germany ($21.5B), Czechia ($11.1B), and United States ($6.19B).

In 2023, countries that imported more from Serbia than Slovakia included Bosnia and Herzegovina ($1.77B), Montenegro ($995M), and North Macedonia ($932M).

Difference in imports from Serbia () and Slovakia () (2023)

Comparative Advantage Slovakia - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Slovakia had a large net trade with Serbia in the exports of Machines ($118M), Metals ($70.4M), and Transportation ($68M).

During 2018, Serbia had a large net trade with Slovakia in the exports of Machines ($404M), Transportation ($73M), and Plastics and Rubbers ($54.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovakia Serbia+$36.9MCars

Top Product Potential Serbia Slovakia+$6.62MElectric Motors

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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Bilateral Service Trade

Srb Year

Svk Year

In 2012, Slovakia exported services to Serbia worth $9.81M, with Travel ($4.92M), Services not allocated ($4.91M), and Transportation (-$15.8k) being the largest in terms of value.

In 2019, Serbia exported services to Slovakia worth $54.9M, with Transportation ($24.6M), Other business services ($17.9M), and Travel ($4.48M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Slovakia () to Serbia () (2012)

Services Exports from Serbia () to Slovakia () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Slovakia and Serbia. This means that a dot/product with the flag of Slovakia indicates it has a comparative advantage over Serbia. Similarly, a dot/product with the flag of Serbia indicates it has a comparative advantage over Slovakia.

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Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Serbia () (2023)

Exports from Serbia () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Serbia ()

Slovakia Exports

Serbia Exports

Market Competitiveness

Difference in imports from Serbia () and Slovakia () (2023)

Comparative Advantage Slovakia - Serbia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Slovakia () to Serbia () (2012)

Services Exports from Serbia () to Slovakia () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Slovakia () and Serbia () (2023)

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