2022
Exports
$851MWorld Rnk 19 / 216
Flag Rnk 5 / 1171
2022
PRODUCT COMPLEXITY IN Electric Motors
0.76Rnk 259 / 1025
2022
Imports
$71.9MWorld Rnk 64 / 226
Flag Rnk 138 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $851M in Electric Motors, making it the 19th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 5th most exported product in Serbia. The main destination of Electric Motors exports from Serbia are: Germany ($398M), Sweden ($122M), Hungary ($47.7M), Italy ($40.3M), and Czechia ($39.1M).

The fastest growing export markets for Electric Motors of Serbia between 2021 and 2022 were Germany ($153M), Sweden ($44.3M), and Hungary ($25.5M).

Imports In 2022, Serbia imported $71.9M in Electric Motors, becoming the 64th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 138th most imported product in Serbia. Serbia imports Electric Motors primarily from: Germany ($13.2M), China ($13M), Italy ($7.1M), Hungary ($5.49M), and Slovenia ($3.61M).

The fastest growing import markets in Electric Motors for Serbia between 2021 and 2022 were Switzerland ($1.49M), Thailand ($1.35M), and Belgium ($679k).

Latest Trends

Sep 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 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

Trade Balance

Color
EXPORTS (2022)$851M
IMPORTS (2022)$71.9M
NET TRADE (2022)$779M

In 2022, Serbia exported $851M in Electric Motors. The main destinations of Serbia exports on Electric Motors were Germany ($398M), Sweden ($122M), Hungary ($47.7M), Italy ($40.3M), and Czechia ($39.1M).

In 2022, Serbia imported $71.9M in Electric Motors, mainly from Germany ($13.2M), China ($13M), Italy ($7.1M), Hungary ($5.49M), and Slovenia ($3.61M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Germany$153M (62.3%)
Sweden$44.3M (56.9%)
Hungary$25.5M (115%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Serbia WERE (2021 - 2022):
Czechia-$14M (-26.3%)
Poland-$9.9M (-63.7%)
Australia-$7.86M (-99.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Serbia's main importing competitors in Electric Motors were:

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $41.1M
TOP IMPORT POTENTIALChina+ $9.39M

Electric Motors’s highest export potential is United States. With an export gap of $41.1M.   Electric Motors’s highest import potential is China with an import gap of $9.39M.

See methodology.

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