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Pricing

2022
Flag → Flag
Exports $3.47BRnk 84 / 211
2022
Flag → Flag
Top Product $287MBroadcasting Equipment
2022
Flag → Flag
Exports $1.3BRnk 6 / 174
2022
Flag → Flag
Top Product $913MCopper Ore
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC$9,394CURRENT US$
Rnk 80 / 186
2012-2022
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GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

China-Serbia Trade: In 2022, China exported $3.47B to Serbia. The main products that China exported to Serbia were Broadcasting Equipment ($287M), Steam Boilers ($180M), and Air Pumps ($75.1M). Over the past 5 years the exports of China to Serbia have increased at an annualized rate of 26.6%, from $1.06B in 2017 to $3.47B in 2022.

In 2022, China did not export any services to Serbia.

Serbia-China Trade: In 2022, Serbia exported $1.3B to China. The main products that Serbia exported to China were Copper Ore ($913M), Refined Copper ($133M), and Precious Metal Ore ($78.5M). Over the past 5 years the exports of Serbia to China have increased at an annualized rate of 59.5%,  from $126M in 2017 to $1.3B in 2022.

In 2019, Serbia exported services to China worth $85.1M, with Travel ($36.9M), Construction services ($22.4M), and Transportation ($10.1M) being the largest in terms of value.

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Latest Trends

September, 2024

About

Overview In September 2024, China exported $290M and imported $142M from Serbia, resulting in a positive trade balance of $148M. Between September 2023 and September 2024 the exports of China have increased by $50.8M (21.2%) from $240M to $290M, while imports decreased by $-15.3M (-9.74%) from $157M to $142M.

Trade In September 2024, the top exports of China to Serbia were Air Pumps ($14.5M), Telephones ($8.74M), Machinery Having Individual Functions ($8.44M), Air Conditioners ($6.35M), and Metal Molds ($6.17M). In September 2024 the top imports of China from Serbia were Copper Ore ($105M), Electric Motors ($9.27M), Precious Metal Ore ($4.77M), Sawn Wood ($2.05M), and Low-voltage Protection Equipment ($1.98M).

Origins In September 2024 the exports of China were mainly from Jiangsu Province ($49M), Guangdong Province ($48.2M), Zhejiang Province ($44.8M), Shandong Province ($37.4M), and Shanghai Province ($30.2M), while imports destinations were mainly Guangxi Zhuang Autonomous Region ($61.5M), Jiangsu Province ($20.9M), Shandong Province ($18.1M), Zhejiang Province ($12.2M), and Beijing ($9.05M).

Growth In September 2024, the increase in China's year-by-year exports to Serbia was explained primarily by an increase in product exports in Air Pumps ($8.21M or 130%), Machinery Having Individual Functions ($4.93M or 140%), and Metal Molds ($4.79M or 347%). In September 2024, the decrease in China's year-by-year imports  from Serbia was explained primarily by an decrease in product imports  in Precious Metal Ore ($-5.17M or -52.1%), Rough Wood ($-2.45M or -90.2%), and Pulley Systems ($-2.18M or -99.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$50.8M(21.2%)
IMPORT GROWTH (September 2023 - September 2024)$-15.3M(-9.74%)
MAIN EXPORTER (September 2024)Jiangsu Province$49M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Serbia and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Serbia and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $3.47B to Serbia. The main products exported from China to Serbia were Broadcasting Equipment ($287M), Steam Boilers ($180M), and Air Pumps ($75.1M). During the last 5 years the exports of China to Serbia have increased at an annualized rate of 26.6%, from $1.06B in 2017 to $3.47B in 2022.

In 2017, Serbia exported $1.3B to China. The main products exported from Serbia to China were Copper Ore ($913M), Refined Copper ($133M), and Precious Metal Ore ($78.5M). During the last 5 years the exports of Serbia to China have increased at an annualized rate of 59.5%, from $126M in 2022 to $1.3B in 2017.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$551B
Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from China than Serbia included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

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

Comparative Advantage China - Serbia

Flow
Scale

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

During 2022, China had a large net trade with Serbia in the exports of Machines ($1.93B), Metals ($377M), and Chemical Products ($211M).

During 2017, Serbia had a large net trade with China in the exports of Mineral Products ($998M), Metals ($135M), and Machines ($72.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Serbia+$133MTelephones
Top Product Potential Serbia China+$101MCopper Ore

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 2019, Serbia exported services to China worth $85.1M, with Travel ($36.9M), Construction services ($22.4M), and Transportation ($10.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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