2022
Exports
$319MWorld Rnk 19 / 186
Flag Rnk 15 / 1171
2022
PRODUCT COMPLEXITY IN Electric Motor Parts
0.66Rnk 292 / 1025
2022
Imports
$294MWorld Rnk 22 / 219
Flag Rnk 16 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $319M in Electric Motor Parts, making it the 19th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 15th most exported product in Serbia. The main destination of Electric Motor Parts exports from Serbia are: Germany ($286M), United States ($7.41M), United Kingdom ($4.83M), Poland ($4.72M), and Slovenia ($4.02M).

The fastest growing export markets for Electric Motor Parts of Serbia between 2021 and 2022 were Germany ($91.7M), Slovenia ($3.18M), and United Kingdom ($2.02M).

Imports In 2022, Serbia imported $294M in Electric Motor Parts, becoming the 22nd largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 16th most imported product in Serbia. Serbia imports Electric Motor Parts primarily from: Germany ($84.8M), Slovenia ($40.3M), China ($38.2M), Czechia ($33.1M), and Switzerland ($24M).

The fastest growing import markets in Electric Motor Parts for Serbia between 2021 and 2022 were Slovenia ($20M), Czechia ($11.5M), and China ($9.35M).

Latest Trends

Oct 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 Electric Motor Parts. 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 (2022)$319M
IMPORTS (2022)$294M
NET TRADE (2022)$24.8M

In 2022, Serbia exported $319M in Electric Motor Parts. The main destinations of Serbia exports on Electric Motor Parts were Germany ($286M), United States ($7.41M), United Kingdom ($4.83M), Poland ($4.72M), and Slovenia ($4.02M).

In 2022, Serbia imported $294M in Electric Motor Parts, mainly from Germany ($84.8M), Slovenia ($40.3M), China ($38.2M), Czechia ($33.1M), and Switzerland ($24M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motor Parts EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Germany$91.7M (47.3%)
Slovenia$3.18M (377%)
United Kingdom$2.02M (72%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motor Parts BY Serbia WERE (2021 - 2022):
Denmark-$16.1M (-99.2%)
Hungary-$7.41M (-76.5%)
Poland-$3.33M (-41.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Electric Motor Parts were:
China $6.95B
Germany $2.21B
Japan $1.62B
In 2022, Serbia's main importing competitors in Electric Motor Parts were:

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Trade Value of Electric Motor Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.4M
TOP IMPORT POTENTIALChina+ $11.5M

Electric Motor Parts’s highest export potential is United States. With an export gap of $10.4M.   Electric Motor Parts’s highest import potential is China with an import gap of $11.5M.

See methodology.

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