Serbia (SRB) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Serbia-Thailand In 2022, Serbia exported $16.5M to Thailand. The main products that Serbia exported to Thailand are Electric Motors ($6.63M), Computers ($1.11M), and Motor vehicles; parts and accessories (8701 to 8705) ($1.06M). During the last 16 years the exports of Serbia to Thailand have increased at an annualized rate of 16.8%, from $1.37M in 2006 to $16.5M in 2022.

In 2019, Serbia exported services to Thailand worth $1.12M, with Other business services ($1.12M) being the largest in terms of value.

Thailand-Serbia In 2022, Thailand exported $58.6M to Serbia. The main products that Thailand exported to Serbia were Processed Fish ($8.61M), Rubber ($6.33M), and Poultry Meat ($3.84M). During the last 16 years the exports of Thailand to Serbia have increased at an annualized rate of 5.56%, from $24.6M in 2006 to $58.6M in 2022.

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

Comparison In 2022, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Serbia exported $16.5M to Thailand. The main products exported from Serbia to Thailand were Electric Motors ($6.63M), Computers ($1.11M), and Motor vehicles; parts and accessories (8701 to 8705) ($1.06M). During the last 16 years the exports of Serbia to Thailand have increased at an annualized rate of 16.8%, from $1.37M in 2006 to $16.5M in 2022.

In 2022, Thailand exported $58.6M to Serbia. The main products exported from Thailand to Serbia were Processed Fish ($8.61M), Rubber ($6.33M), and Poultry Meat ($3.84M). During the last 16 years the exports of Thailand to Serbia have increased at an annualized rate of 5.56%, from $24.6M in 2006 to $58.6M in 2022.

Exports from Serbia () to Thailand () (2022)

Exports from Thailand () to Serbia () (2022)

Latest Data

Trade between Serbia () and Thailand ()

Serbia Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4B

Thailand
Top DestinationUnited States$53.4B

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

In 2021, countries that imported more from Serbia than Thailand were Bosnia and Herzegovina ($2.14B), Croatia ($1.25B), and Montenegro ($1.15B).

In 2021, countries that imported more from Thailand than Serbia were United States ($53.4B), China ($35.3B), and Japan ($24.6B).

Difference in imports from Thailand () and Serbia () (2022)

Comparative Advantage Serbia - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Serbia had a large net trade with Thailand in the exports of Machines ($10M), Chemical Products ($2.04M), and Transportation ($1.06M).

During 2022, Thailand had a large net trade with Serbia in the exports of Machines ($19.1M), Plastics and Rubbers ($11.2M), and Foodstuffs ($10.3M).

Service Trade

Bilateral Service Trade

Srb Year

In 2019, Serbia exported services to Thailand worth $1.12M, with Other business services ($1.12M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia () to Thailand () (2019)

Economic Complexity

Competitive Landscape

Year

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 Thailand. Similarly, the more yellow a dot/product is, the more Thailand has comparative advantage over Serbia.

About

Historical Data

Bilateral Trade by Products

Exports from Serbia () to Thailand () (2022)

Exports from Thailand () to Serbia () (2022)

Latest Data

Trade between Serbia () and Thailand ()

Serbia Exports

Thailand Exports

Market Competitiveness

Difference in imports from Thailand () and Serbia () (2022)

Comparative Advantage Serbia - Thailand

Service Trade

Bilateral Service Trade

Services Exports from Serbia () to Thailand () (2019)

Economic Complexity

Competitive Landscape

Product Space of Serbia () and Thailand () (2022)

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