HS Icon Crude Petroleum in  Flag Serbia

2020
Exports | Imports
: $27M | $853M, World Rnk 82 / 132
Flag Rnk 147 / 1158 | World Rnk 52 / 145
Flag Rnk 2 / 1196

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $26.9M | $97.6M, United Kingdom |  Kazakhstan


ECONOMIC COMPLEXITY of Serbia
: 0.68, Rnk 37 / 127


PRODUCT COMPLEXITY  IN Crude Petroleum
: -2.82, Rnk 1028 / 1028

Exports In 2020, Serbia exported $27M in Crude Petroleum, making it the 82nd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 147th most exported product in Serbia. The main destination of Crude Petroleum exports from Serbia are: United Kingdom ($26.9M) and Bosnia and Herzegovina ($134k).

The fastest growing export markets for Crude Petroleum of Serbia between 2019 and 2020 were United Kingdom ($26.9M).

Imports In 2020, Serbia imported $853M in Crude Petroleum, becoming the 52nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Serbia. Serbia imports Crude Petroleum primarily from: Iraq ($435M), Russia ($303M), Kazakhstan ($97.6M), Romania ($10.9M), and Croatia ($6.64M).

The fastest growing import markets in Crude Petroleum for Serbia between 2019 and 2020 were Kazakhstan ($97.6M), Croatia ($6.64M), and Bosnia and Herzegovina ($143k).

Tariffs In 2018, the average tariff for Serbia in Crude Petroleum was 0.84%. The countries with the highest import tariffs for Crude Petroleum were Angola (Most Favoured Nation duty rate treatement, 1%), Burundi (Most Favoured Nation duty rate treatement, 1%), Benin (Most Favoured Nation duty rate treatement, 1%), Burkina Faso (Most Favoured Nation duty rate treatement, 1%), and Botswana (Most Favoured Nation duty rate treatement, 1%).

Subnational Monthly Trade

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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 Crude Petroleum. 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

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EXPORTS (2020): $27M

IMPORTS (2020): $853M

NET TRADE (2020): -$826M

In 2020, Serbia exported $27M in Crude Petroleum. The main destinations of Serbia exports on Crude Petroleum were United Kingdom ($26.9M) and Bosnia and Herzegovina ($134k).

In 2020, Serbia imported $853M in Crude Petroleum, mainly from Iraq ($435M), Russia ($303M), Kazakhstan ($97.6M), Romania ($10.9M), and Croatia ($6.64M).

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IN 2020, Serbia HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:: Netherlands , $342 ($343 - $1)

IN 2020, Serbia HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Serbia WERE (2019 - 2020):: United Kingdom, $26.9M (1%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Serbia WERE (2019 - 2020):

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Market Concentration

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In 2019, Serbia's main exporting competitors in Crude Petroleum were:

In 2019, Serbia's main importing competitors in Crude Petroleum were:

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Tariffs by Country

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In 2018, the average tariff for Serbia in Crude Petroleum was 0.84%.

The countries with the highest tariffs for Crude Petroleum in Serbia were Angola (Most Favoured Nation duty rate treatement, 1%), Burundi (Most Favoured Nation duty rate treatement, 1%), Benin (Most Favoured Nation duty rate treatement, 1%), Burkina Faso (Most Favoured Nation duty rate treatement, 1%), and Botswana (Most Favoured Nation duty rate treatement, 1%).