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2022
Flag → Flag
Exports $671MRnk 23 / 203
2022
Flag → Flag
Top Product $109MRefined Petroleum
2022
Flag → Flag
Exports $697MRnk 17 / 174
2022
Flag → Flag
Top Product $314MInsulated Wire
2022
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Economic Complexity (ECI) ECI 1.32Rnk 15 / 133
2022
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Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
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GDP$115BCURRENT US$
Rnk 61 / 186
2012-2022
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GDP GROWTH22%CURRENT US$
Rnk 117 / 186
2022
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 GDP$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
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GDP GROWTH46.6%CURRENT US$
Rnk 71 / 186
2022
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GDP PC $21,258CURRENT US$
Rnk 48 / 186
2012-2022
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GDP PC GROWTH21.5%CURRENT US$
Rnk 80 / 186
2022
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GDP PC$9,394CURRENT US$
Rnk 80 / 186
2012-2022
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GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

Slovakia-Serbia Trade: In 2022, Slovakia exported $671M to Serbia. The main products that Slovakia exported to Serbia were Refined Petroleum ($109M), Broadcasting Equipment ($86M), and Cars ($33.1M). Over the past 5 years the exports of Slovakia to Serbia have increased at an annualized rate of 11.5%, from $390M in 2017 to $671M in 2022.

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 2022, Serbia exported $697M to Slovakia. The main products that Serbia exported to Slovakia were Insulated Wire ($314M), Refined Petroleum ($35.1M), and Railway Freight Cars ($33.6M). Over the past 5 years the exports of Serbia to Slovakia have increased at an annualized rate of 12.7%,  from $341M in 2017 to $697M in 2022.

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 2022,  Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovakia exported $671M to Serbia. The main products exported from Slovakia to Serbia were Refined Petroleum ($109M), Broadcasting Equipment ($86M), and Cars ($33.1M). During the last 5 years the exports of Slovakia to Serbia have increased at an annualized rate of 11.5%, from $390M in 2017 to $671M in 2022.

In 2017, Serbia exported $697M to Slovakia. The main products exported from Serbia to Slovakia were Insulated Wire ($314M), Refined Petroleum ($35.1M), and Railway Freight Cars ($33.6M). During the last 5 years the exports of Serbia to Slovakia have increased at an annualized rate of 12.7%, from $341M in 2022 to $697M in 2017.

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

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

Latest Data

Trade between Slovakia (Flag) and Serbia (Flag)

Slovakia Exports

Serbia Exports

Market Competitiveness

Color
Slovakia
Top DestinationGermany$22.2B
Serbia
Top DestinationGermany$4B

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 2022, countries that imported more from Slovakia than Serbia included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

In 2022, countries that imported more from Serbia than Slovakia included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and North Macedonia ($1.03B).

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

Comparative Advantage Slovakia - Serbia

Flow
Scale

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

During 2022, Slovakia had a large net trade with Serbia in the exports of Machines ($220M), Mineral Products ($146M), and Transportation ($69.1M).

During 2017, Serbia had a large net trade with Slovakia in the exports of Machines ($383M), Metals ($65.1M), and Plastics and Rubbers ($61.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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 (Flag) to Serbia (Flag) (2012)

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

Service Trade

Economic Complexity

Competitive Landscape

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.

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

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