2022
Exports
$200MWorld Rnk 53 / 210
Flag Rnk 34 / 1171
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$1.12BWorld Rnk 72 / 224
Flag Rnk 5 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $200M in Cars, making it the 53rd largest exporter of Cars in the world. At the same year, Cars was the 34th most exported product in Serbia. The main destination of Cars exports from Serbia are: Italy ($88.4M), Montenegro ($32.2M), Bosnia and Herzegovina ($29.9M), North Macedonia ($11.9M), and Albania ($10.8M).

The fastest growing export markets for Cars of Serbia between 2021 and 2022 were Montenegro ($6.05M), United Arab Emirates ($4.78M), and Russia ($1.44M).

Imports In 2022, Serbia imported $1.12B in Cars, becoming the 72nd largest importer of Cars in the world. At the same year, Cars was the 5th most imported product in Serbia. Serbia imports Cars primarily from: Germany ($213M), Slovenia ($171M), France ($125M), Czechia ($117M), and Hungary ($102M).

The fastest growing import markets in Cars for Serbia between 2021 and 2022 were France ($30.6M), Turkey ($25.3M), and Norway ($16.4M).

Latest Trends

Sep 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 (2022)$200M
IMPORTS (2022)$1.12B
NET TRADE (2022)-$916M

In 2022, Serbia exported $200M in Cars. The main destinations of Serbia exports on Cars were Italy ($88.4M), Montenegro ($32.2M), Bosnia and Herzegovina ($29.9M), North Macedonia ($11.9M), and Albania ($10.8M).

In 2022, Serbia imported $1.12B in Cars, mainly from Germany ($213M), Slovenia ($171M), France ($125M), Czechia ($117M), and Hungary ($102M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Montenegro$6.05M (23.1%)
United Arab Emirates$4.78M (2.39k%)
Russia$1.44M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Serbia WERE (2021 - 2022):
Italy-$187M (-67.9%)
Hungary-$12.8M (-93.5%)
Romania-$7.57M (-99.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Cars were:
In 2022, 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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