2023
Exports
$14.4MWorld Rnk 85 / 175
Flag Rnk 272 / 1165
2023
PRODUCT COMPLEXITY IN Cement
-1.48Rnk 943 / 1025
2023
Imports
$98.8MWorld Rnk 37 / 224
Flag Rnk 99 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $14.4M in Cement, making it the 85th largest exporter of Cement in the world. At the same year, Cement was the 272nd most exported product in Serbia. The main destination of Cement exports from Serbia are: Montenegro ($12.1M), Croatia ($1.33M), Romania ($496k), Malaysia ($167k), and Bosnia and Herzegovina ($116k).

The fastest growing export markets for Cement of Serbia between 2022 and 2023 were Romania ($305k), Croatia ($232k), and Malaysia ($167k).

Imports In 2023, Serbia imported $98.8M in Cement, becoming the 37th largest importer of Cement in the world. At the same year, Cement was the 99th most imported product in Serbia. Serbia imports Cement primarily from: Croatia ($36.2M), North Macedonia ($24.7M), Turkey ($18.6M), Albania ($11.2M), and Bosnia and Herzegovina ($3.62M).

The fastest growing import markets in Cement for Serbia between 2022 and 2023 were Turkey ($10.3M), Albania ($6.24M), and Croatia ($4.15M).

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 Cement. 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)$14.4M
IMPORTS (2023)$98.8M
NET TRADE (2023)-$84.4M

In 2023, Serbia exported $14.4M in Cement. The main destinations of Serbia exports on Cement were Montenegro ($12.1M), Croatia ($1.33M), Romania ($496k), Malaysia ($167k), and Bosnia and Herzegovina ($116k).

In 2023, Serbia imported $98.8M in Cement, mainly from Croatia ($36.2M), North Macedonia ($24.7M), Turkey ($18.6M), Albania ($11.2M), and Bosnia and Herzegovina ($3.62M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cement EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Romania$305k (159%)
Croatia$232k (21.1%)
Malaysia$167k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cement BY Serbia WERE (2022 - 2023):
North Macedonia-$370k (-93.3%)
China-$8.09k (-99.8%)
Austria-$6.19k (-28.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Cement were:
Turkey $1.65B
Vietnam $1.58B
Egypt $841M
In 2023, Serbia's main importing competitors in Cement were:

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Trade Value of Cement by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRomania+ $156k
TOP IMPORT POTENTIALTurkey+ $1.66M

Cement’s highest export potential is Romania. With an export gap of $156k.   Cement’s highest import potential is Turkey with an import gap of $1.66M.

See methodology.

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