2022
Exports
$23.5MWorld Rnk 57 / 198
Flag Rnk 203 / 1171
2022
PRODUCT COMPLEXITY IN Air Conditioners
0.55Rnk 346 / 1025
2022
Imports
$144MWorld Rnk 64 / 224
Flag Rnk 63 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $23.5M in Air Conditioners, making it the 57th largest exporter of Air Conditioners in the world. At the same year, Air Conditioners was the 203rd most exported product in Serbia. The main destination of Air Conditioners exports from Serbia are: Bosnia and Herzegovina ($5.08M), China ($3.38M), Montenegro ($3.32M), North Macedonia ($2.69M), and Bulgaria ($1.89M).

The fastest growing export markets for Air Conditioners of Serbia between 2021 and 2022 were China ($2.6M), Bosnia and Herzegovina ($2.3M), and Montenegro ($1.17M).

Imports In 2022, Serbia imported $144M in Air Conditioners, becoming the 64th largest importer of Air Conditioners in the world. At the same year, Air Conditioners was the 63rd most imported product in Serbia. Serbia imports Air Conditioners primarily from: China ($66.5M), Italy ($16M), Austria ($9.1M), Croatia ($6.19M), and Turkey ($5.51M).

The fastest growing import markets in Air Conditioners for Serbia between 2021 and 2022 were China ($26.5M), South Korea ($2.85M), and Czechia ($2.19M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Air Conditioners. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$23.5M
IMPORTS (2022)$144M
NET TRADE (2022)-$121M

In 2022, Serbia exported $23.5M in Air Conditioners. The main destinations of Serbia exports on Air Conditioners were Bosnia and Herzegovina ($5.08M), China ($3.38M), Montenegro ($3.32M), North Macedonia ($2.69M), and Bulgaria ($1.89M).

In 2022, Serbia imported $144M in Air Conditioners, mainly from China ($66.5M), Italy ($16M), Austria ($9.1M), Croatia ($6.19M), and Turkey ($5.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Air Conditioners EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
China$2.6M (332%)
Montenegro$1.17M (54.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Air Conditioners BY Serbia WERE (2021 - 2022):
Greece-$1.52M (-97.6%)
Belgium-$1.05M (-60%)
Italy-$189k (-87.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Air Conditioners were:
China $23.1B
In 2022, Serbia's main importing competitors in Air Conditioners were:

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Trade Value of Air Conditioners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.56M
TOP IMPORT POTENTIALChina+ $10.9M

Air Conditioners’s highest export potential is China. With an export gap of $1.56M.   Air Conditioners’s highest import potential is China with an import gap of $10.9M.

See methodology.

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