Austria-Serbia Bilateral Trade Analysis 2023
Complete trade statistics: $1.88B total volume •Austria surplus: $248.91M
Austria → Serbia
$1.07B
Exports (2023)
Serbia → Austria
$816.68M
Imports (2023)
Trade Balance
$248.91M
Surplus for Austria
Total Trade
$1.88B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Austria and Serbia. Green line shows exports from Austria, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Austria-Serbia commercial relationship and competitive positioning in global markets.
Austria → Serbia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Austria's export portfolio to Serbia demonstrates strategic specialization, with electrical apparatus: parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 or 8537 representing a key competitive advantage in this bilateral market.
Serbia → Austria Imports
Import Dependency Profile
📦 Import Strategy Analysis
Austria's import pattern from Serbia reveals strategic sourcingin chandeliers and other electric ceiling or wall light fittings: excluding those used for lighting public open spaces or thoroughfares, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Austria demonstrates competitive strength in exportingelectrical apparatus: parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 or 8537 to Serbia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.88B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Austria-Serbia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.88 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Austria maintains a surplus of $248.91 million
- Export Focus: Austria's primary exports include electrical apparatus: parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 or 8537, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, glassware: n.e.c. in heading no. 7013, other than of lead crystal
- Import Dependencies: Key imports from Serbia include chandeliers and other electric ceiling or wall light fittings: excluding those used for lighting public open spaces or thoroughfares, washing and cleaning preparations: surface-active, whether or not containing soap (excluding those of heading no. 3401), put up for retail sale, electrical static converters
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $1.88B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Austria leveraging its comparative advantages in electrical apparatus: parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 or 8537.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Austria's specialization in electrical apparatus: parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 or 8537complements Serbia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in chandeliers and other electric ceiling or wall light fittings: excluding those used for lighting public open spaces or thoroughfares.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.88B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.88B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $1.88 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in electrical apparatus: parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 or 8537 and chandeliers and other electric ceiling or wall light fittings: excluding those used for lighting public open spaces or thoroughfares demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Austria's trade surplus of $248.91 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Austria and Serbia represents a total trade volume of $1.88 billion in 2023. This partnership demonstrates a favorable trade balance for Austria, with exports exceeding importsby $248.91 million.
Export Strengths
Austria's exports to Serbia total $1.07 billion, with competitive advantages in electrical apparatus: parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 or 8537, representing $34.47M or3.2% of bilateral exports.
Import Dependencies
Imports from Serbia amount to $816.68 million, highlighting economic interdependence in chandeliers and other electric ceiling or wall light fittings: excluding those used for lighting public open spaces or thoroughfares, with Chandeliers and other electric ceiling or wall light fittings: excluding those used for lighting public open spaces or thoroughfares comprising6.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Austria's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Austria and Serbia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023