HS Icon Electric Motors in  Flag Serbia

2020
Exports | Imports
: $530M | $110M, World Rnk 23 / 209
Flag Rnk 4 / 1158 | World Rnk 52 / 224
Flag Rnk 59 / 1196

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $26.1M | $4.91M, Sweden |  Finland

2020
ECONOMIC COMPLEXITY of Serbia
: 0.68, Rnk 37 / 127

2020
PRODUCT COMPLEXITY  IN Electric Motors
: 0.74, Rnk 263 / 1029

Exports In 2020, Serbia exported $530M in Electric Motors, making it the 23rd largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 4th most exported product in Serbia. The main destination of Electric Motors exports from Serbia are: Germany ($204M), Sweden ($50.2M), United States ($46.2M), Czechia ($45.6M), and Italy ($35.9M).

The fastest growing export markets for Electric Motors of Serbia between 2019 and 2020 were Sweden ($26.1M), Czechia ($15.5M), and Spain ($11.1M).

Imports In 2020, Serbia imported $110M in Electric Motors, becoming the 52nd largest importer of Electric Motors in the world. At the same year, Electric Motors was the 59th most imported product in Serbia. Serbia imports Electric Motors primarily from: Germany ($56.7M), China ($18.3M), Finland ($5.35M), Hungary ($5.07M), and Italy ($4.66M).

The fastest growing import markets in Electric Motors for Serbia between 2019 and 2020 were Finland ($4.91M), Slovenia ($706k), and Hungary ($569k).

Subnational Monthly Trade

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The following visualization shows the latest trends on Electric Motors. 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): $530M

IMPORTS (2020): $110M

NET TRADE (2020): $419M

In 2020, Serbia exported $530M in Electric Motors. The main destinations of Serbia exports on Electric Motors were Germany ($204M), Sweden ($50.2M), United States ($46.2M), Czechia ($45.6M), and Italy ($35.9M).

In 2020, Serbia imported $110M in Electric Motors, mainly from Germany ($56.7M), China ($18.3M), Finland ($5.35M), Hungary ($5.07M), and Italy ($4.66M).

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THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Serbia WERE (2019 - 2020):

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

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Market Concentration

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In 2020, Serbia's main exporting competitors in Electric Motors were:

In 2020, Serbia's main importing competitors in Electric Motors were:

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