2022
Exports
$160World Rnk 134 / 149
Flag Rnk 1157 / 1171
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$2.28BWorld Rnk 46 / 158
Flag Rnk 2 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $160 in Crude Petroleum, making it the 134th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1157th most exported product in Serbia. The main destination of Crude Petroleum exports from Serbia are: Netherlands ($160).

The fastest growing export markets for Crude Petroleum of Serbia between 2021 and 2022 were Netherlands ($52).

Imports In 2022, Serbia imported $2.28B in Crude Petroleum, becoming the 46th 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 ($1.21B), Russia ($1.05B), Romania ($14.5M), Bosnia and Herzegovina ($5.39M), and Poland ($197k).

The fastest growing import markets in Crude Petroleum for Serbia between 2021 and 2022 were Russia ($723M), Iraq ($455M), and Bosnia and Herzegovina ($4.9M).

Historical Data

Trade Balance

Color
EXPORTS (2022)$160
IMPORTS (2022)$2.28B
NET TRADE (2022)-$2.28B

In 2022, Serbia exported $160 in Crude Petroleum. The main destinations of Serbia exports on Crude Petroleum were Netherlands ($160).

In 2022, Serbia imported $2.28B in Crude Petroleum, mainly from Iraq ($1.21B), Russia ($1.05B), Romania ($14.5M), Bosnia and Herzegovina ($5.39M), and Poland ($197k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Serbia WERE (2021 - 2022):Netherlands$52 (48.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Serbia WERE (2021 - 2022):
United Arab Emirates-$11.8k (-100%)
France-$17 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Serbia's main exporting competitors in Crude Petroleum were:
In 2022, Serbia's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $1.5k
TOP IMPORT POTENTIALRussia+ $95.9M

Crude Petroleum’s highest export potential is Netherlands. With an export gap of $1.5k.   Crude Petroleum’s highest import potential is Russia with an import gap of $95.9M.

See methodology.

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