2023
Exports
$118MWorld Rnk 63 / 210
Flag Rnk 59 / 1165
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$1.17BWorld Rnk 73 / 225
Flag Rnk 4 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $118M in Cars, making it the 63rd largest exporter of Cars in the world. At the same year, Cars was the 59th most exported product in Serbia. The main destination of Cars exports from Serbia are: Montenegro ($31.8M), Bosnia and Herzegovina ($29.4M), North Macedonia ($16.6M), Albania ($13.5M), and Belgium ($6.13M).

The fastest growing export markets for Cars of Serbia between 2022 and 2023 were Bosnia and Herzegovina ($14.2M), North Macedonia ($11.7M), and Montenegro ($9.68M).

Imports In 2023, Serbia imported $1.17B in Cars, becoming the 73rd largest importer of Cars in the world. At the same year, Cars was the 4th most imported product in Serbia. Serbia imports Cars primarily from: Germany ($303M), Czechia ($239M), France ($150M), Slovenia ($70.2M), and Hungary ($62.4M).

The fastest growing import markets in Cars for Serbia between 2022 and 2023 were Czechia ($91.7M), Germany ($82.5M), and France ($57.4M).

Latest Trends

Dec 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 Cars. 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 (2023)$118M
IMPORTS (2023)$1.17B
NET TRADE (2023)-$1.06B

In 2023, Serbia exported $118M in Cars. The main destinations of Serbia exports on Cars were Montenegro ($31.8M), Bosnia and Herzegovina ($29.4M), North Macedonia ($16.6M), Albania ($13.5M), and Belgium ($6.13M).

In 2023, Serbia imported $1.17B in Cars, mainly from Germany ($303M), Czechia ($239M), France ($150M), Slovenia ($70.2M), and Hungary ($62.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
North Macedonia$11.7M (238%)
Montenegro$9.68M (43.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Serbia WERE (2022 - 2023):
Italy-$85.6M (-99.5%)
United Arab Emirates-$3.75M (-75.4%)
Germany-$1.73M (-42.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Serbia's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $27.7M
TOP IMPORT POTENTIALGermany+ $107M

Cars’s highest export potential is Italy. With an export gap of $27.7M.   Cars’s highest import potential is Germany with an import gap of $107M.

See methodology.

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