2021
Exports | Imports
$428M | $1.04BWorld Rnk 46 / 218
Flag Rnk 11 / 1167
World Rnk 66 / 226
Flag Rnk 3 / 1198
2021
ECONOMIC COMPLEXITY of Serbia
0.74Rnk 36 / 131
2021
PRODUCT COMPLEXITY IN Cars
0.88Rnk 214 / 1024

About

Exports In 2021, Serbia exported $428M in Cars, making it the 46th largest exporter of Cars in the world. At the same year, Cars was the 11th most exported product in Serbia. The main destination of Cars exports from Serbia are: Italy ($276M), Bosnia and Herzegovina ($32.2M), Montenegro ($26.2M), Albania ($14.1M), and North Macedonia ($13.8M).

The fastest growing export markets for Cars of Serbia between 2020 and 2021 were North Macedonia ($8M), Bosnia and Herzegovina ($7.48M), and Hungary ($7.3M).

Imports In 2021, Serbia imported $1.04B in Cars, becoming the 66th largest importer of Cars in the world. At the same year, Cars was the 3rd most imported product in Serbia. Serbia imports Cars primarily from: Germany ($221M), Slovenia ($161M), Czechia ($120M), Hungary ($107M), and France ($94.2M).

The fastest growing import markets in Cars for Serbia between 2020 and 2021 were Germany ($60M), Czechia ($33.6M), and Slovenia ($29.5M).

Latest Trends

Dec 2023

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 (2021)$428M
IMPORTS (2021)$1.04B
NET TRADE (2021)-$609M

In 2021, Serbia exported $428M in Cars. The main destinations of Serbia exports on Cars were Italy ($276M), Bosnia and Herzegovina ($32.2M), Montenegro ($26.2M), Albania ($14.1M), and North Macedonia ($13.8M).

In 2021, Serbia imported $1.04B in Cars, mainly from Germany ($221M), Slovenia ($161M), Czechia ($120M), Hungary ($107M), and France ($94.2M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Serbia WERE (2020 - 2021):
North Macedonia$8M (137%)
Hungary$7.3M (115%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Serbia WERE (2020 - 2021):
Italy-$74.2M (-21.2%)
United States-$3.34M (-95.5%)
Germany-$2.01M (-22.7%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Serbia's main exporting competitors in Cars were:
In 2021, Serbia's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

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