2023
Flag  
GDP
$102BCURRENT US$
Rnk 70 / 195
2013-2023
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 95 / 195
2023
Flag
 GDP
$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH
61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
GDP PC 
$2,850CURRENT US$
Rnk 144 / 195
2013-2023
Flag
GDP PC GROWTH
15.7%CURRENT US$
Rnk 116 / 195
2023
Flag
GDP PC
$12,282CURRENT US$
Rnk 82 / 196
2013-2023
Flag
GDP PC GROWTH
74.4%CURRENT US$
Rnk 20 / 195

About

Uzbekistan-Serbia Trade: In 2023, Uzbekistan exported $875k to Serbia. The main products that Uzbekistan exported to Serbia were Non-Retail Pure Cotton Yarn ($416k), Corn ($111k), and Nitrogenous Fertilizers ($82.9k). Over the past 5 years the exports of Uzbekistan to Serbia have increased at an annualized rate of 12.3%, from $490k in 2018 to $875k in 2023.

In 2023, Uzbekistan did not export any services to Serbia.

Serbia-Uzbekistan Trade: In 2023, Serbia exported $26.3M to Uzbekistan. The main products that Serbia exported to Uzbekistan were Plastic Pipes ($4.1M), Cellulose Fibers Paper ($3.28M), and Refined Petroleum ($2.42M). Over the past 5 years the exports of Serbia to Uzbekistan have increased at an annualized rate of 12.9%,  from $14.3M in 2018 to $26.3M in 2023.

In 2009, Serbia exported services to Uzbekistan worth $86.1k, with Personal, cultural, and recreational services ($59.9k), Workers' remittances ($16.9k), and Other business services ($8.96k) being the largest in terms of value.

Comparison: In 2023,  Uzbekistan ranked 74 in the Economic Complexity Index (ECI -0.22), and 72 in total exports ($24.3B). 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
Value

In 2023, Uzbekistan exported $875k to Serbia. The main products exported from Uzbekistan to Serbia were Non-Retail Pure Cotton Yarn ($416k), Corn ($111k), and Nitrogenous Fertilizers ($82.9k). During the last 5 years the exports of Uzbekistan to Serbia have increased at an annualized rate of 12.3%, from $490k in 2018 to $875k in 2023.

In 2018, Serbia exported $26.3M to Uzbekistan. The main products exported from Serbia to Uzbekistan were Plastic Pipes ($4.1M), Cellulose Fibers Paper ($3.28M), and Refined Petroleum ($2.42M). During the last 5 years the exports of Serbia to Uzbekistan have increased at an annualized rate of 12.9%, from $14.3M in 2023 to $26.3M in 2018.

Exports from Uzbekistan (Flag) to Serbia (Flag) (2023)

Exports from Serbia (Flag) to Uzbekistan (Flag) (2023)

Latest Data

Trade between Uzbekistan (Flag) and Serbia (Flag)

Uzbekistan Exports

Serbia Exports

Market Competitiveness

Color
Uzbekistan
Top Destination
Switzerland$8.18B
Serbia
Top Destination
Germany$4.76B

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

In 2023, countries that imported more from Uzbekistan than Serbia included Switzerland ($8.18B), United Kingdom ($2.65B), and Russia ($3.02B).

In 2023, countries that imported more from Serbia than Uzbekistan included Germany ($4.76B), Hungary ($2.26B), and Bosnia and Herzegovina ($1.77B).

Difference in imports from Serbia (Flag) and Uzbekistan (Flag) (2023)

Comparative Advantage Uzbekistan - Serbia

Flow
Scale

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

During 2023, Uzbekistan had a large net trade with Serbia in the exports of Textiles ($558k), Vegetable Products ($153k), and Chemical Products ($83.1k).

During 2018, Serbia had a large net trade with Uzbekistan in the exports of Plastics and Rubbers ($4.86M), Machines ($4.1M), and Paper Goods ($3.28M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uzbekistan Serbia+$640kNon-Retail Pure Cotton Yarn
Top Product Potential Serbia Uzbekistan+$1.45MRubber Tires

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

Product Space of Uzbekistan (Flag) and Serbia (Flag) (2023)

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