2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
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GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
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GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
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GDP PC 
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
Rnk 32 / 186
2022
Flag
GDP PC
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
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GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 186

About

Serbia-Austria In 2022, Serbia exported $890M to Austria. The main products that Serbia exported to Austria are Hot-Rolled Iron ($80.8M), Light Fixtures ($68.3M), and Cleaning Products ($61.1M). During the last 16 years the exports of Serbia to Austria have increased at an annualized rate of 9.42%, from $211M in 2006 to $890M in 2022.

In 2019, Serbia exported services to Austria worth $301M, with Transportation ($91.8M), Other business services ($75M), and Computer and information services ($52.6M) being the largest in terms of value.

Austria-Serbia In 2022, Austria exported $1.11B to Serbia. The main products that Austria exported to Serbia were Packaged Medicaments ($52.2M), Electrical Power Accessories ($34.7M), and Insulated Wire ($31.4M). During the last 16 years the exports of Austria to Serbia have increased at an annualized rate of 4.49%, from $549M in 2006 to $1.11B in 2022.

In 2011, Austria exported services to Serbia worth $342M, with Communications services ($152M), Other business services ($78M), and Transportation ($52.9M) being the largest in terms of value.

Comparison In 2022,  Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $890M to Austria. The main products exported from Serbia to Austria were Hot-Rolled Iron ($80.8M), Light Fixtures ($68.3M), and Cleaning Products ($61.1M). During the last 16 years the exports of Serbia to Austria have increased at an annualized rate of 9.42%, from $211M in 2006 to $890M in 2022.

In 2022, Austria exported $1.11B to Serbia. The main products exported from Austria to Serbia were Packaged Medicaments ($52.2M), Electrical Power Accessories ($34.7M), and Insulated Wire ($31.4M). During the last 16 years the exports of Austria to Serbia have increased at an annualized rate of 4.49%, from $549M in 2006 to $1.11B in 2022.

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

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

Latest Data

Trade between Serbia (Flag) and Austria (Flag)

Serbia Exports

Austria Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Austria
Top Destination
Germany$57.7B

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

In 2021, countries that imported more from Serbia than Austria were Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and North Macedonia ($1.03B).

In 2021, countries that imported more from Austria than Serbia were Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

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

Comparative Advantage Serbia - Austria

Flow
Scale

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

During 2022, Serbia had a large net trade with Austria in the exports of Machines ($197M), Metals ($159M), and Miscellaneous ($94.7M).

During 2022, Austria had a large net trade with Serbia in the exports of Machines ($282M), Chemical Products ($162M), and Metals ($100M).

Service Trade

Bilateral Service Trade

In 2019, Serbia exported services to Austria worth $301M, with Transportation ($91.8M), Other business services ($75M), and Computer and information services ($52.6M) being the largest in terms of value.

In 2011, Austria exported services to Serbia worth $342M, with Communications services ($152M), Other business services ($78M), and Transportation ($52.9M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Austria (Flag) to Serbia (Flag) (2011)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Serbia has comparative advantage over Austria. Similarly, the more yellow a dot/product is, the more Austria has comparative advantage over Serbia.

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

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