2023
Exports
$11.1MWorld Rnk 72 / 196
Flag Rnk 305 / 1165
2023
PRODUCT COMPLEXITY IN Confectionery Sugar
-0.6Rnk 734 / 1025
2023
Imports
$46.5MWorld Rnk 64 / 226
Flag Rnk 195 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $11.1M in Confectionery Sugar, making it the 72nd largest exporter of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 305th most exported product in Serbia. The main destination of Confectionery Sugar exports from Serbia are: Bosnia and Herzegovina ($3.89M), Montenegro ($2.23M), North Macedonia ($1.73M), Croatia ($950k), and Russia ($387k).

The fastest growing export markets for Confectionery Sugar of Serbia between 2022 and 2023 were Bosnia and Herzegovina ($668k), Montenegro ($415k), and Russia ($378k).

Imports In 2023, Serbia imported $46.5M in Confectionery Sugar, becoming the 64th largest importer of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 195th most imported product in Serbia. Serbia imports Confectionery Sugar primarily from: Turkey ($9.19M), Germany ($7.55M), Poland ($6.2M), Croatia ($3.6M), and Belgium ($3.24M).

The fastest growing import markets in Confectionery Sugar for Serbia between 2022 and 2023 were Belgium ($1.4M), Turkey ($1.18M), and Croatia ($1.11M).

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 Confectionery Sugar. 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)$11.1M
IMPORTS (2023)$46.5M
NET TRADE (2023)-$35.4M

In 2023, Serbia exported $11.1M in Confectionery Sugar. The main destinations of Serbia exports on Confectionery Sugar were Bosnia and Herzegovina ($3.89M), Montenegro ($2.23M), North Macedonia ($1.73M), Croatia ($950k), and Russia ($387k).

In 2023, Serbia imported $46.5M in Confectionery Sugar, mainly from Turkey ($9.19M), Germany ($7.55M), Poland ($6.2M), Croatia ($3.6M), and Belgium ($3.24M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Confectionery Sugar EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Montenegro$415k (22.9%)
Russia$378k (4.25k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Confectionery Sugar BY Serbia WERE (2022 - 2023):
United Kingdom-$108k (-80.2%)
Croatia-$89.5k (-8.61%)
Romania-$25.7k (-27.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Confectionery Sugar were:
Germany $1.97B
China $1.5B
Mexico $1.36B
In 2023, Serbia's main importing competitors in Confectionery Sugar were:

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Trade Value of Confectionery Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $405k
TOP IMPORT POTENTIALGermany+ $1.7M

Confectionery Sugar’s highest export potential is Germany. With an export gap of $405k.   Confectionery Sugar’s highest import potential is Germany with an import gap of $1.7M.

See methodology.

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