2022
Flag  
GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC 
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%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).

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 Destination
United States$551B
Serbia
Top Destination
Germany$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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