2023
Exports
$18.8MWorld Rnk 38 / 197
Flag Rnk 231 / 1165
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.73Rnk 19 / 1025
2023
Imports
$75.1MWorld Rnk 37 / 224
Flag Rnk 128 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $18.8M in Electric Soldering Equipment, making it the 38th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 231st most exported product in Serbia. The main destination of Electric Soldering Equipment exports from Serbia are: Russia ($4.24M), Switzerland ($3.17M), Germany ($1.89M), United States ($1.82M), and Romania ($952k).

The fastest growing export markets for Electric Soldering Equipment of Serbia between 2022 and 2023 were Russia ($3.89M), Romania ($840k), and Germany ($669k).

Imports In 2023, Serbia imported $75.1M in Electric Soldering Equipment, becoming the 37th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 128th most imported product in Serbia. Serbia imports Electric Soldering Equipment primarily from: Germany ($27.5M), China ($14.6M), Italy ($12.4M), Slovenia ($3.13M), and Romania ($2.44M).

The fastest growing import markets in Electric Soldering Equipment for Serbia between 2022 and 2023 were Germany ($14.5M), Italy ($9.72M), and China ($2.78M).

Latest Trends

Jan 2025

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 Soldering Equipment. 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 (2023)$18.8M
IMPORTS (2023)$75.1M
NET TRADE (2023)-$56.3M

In 2023, Serbia exported $18.8M in Electric Soldering Equipment. The main destinations of Serbia exports on Electric Soldering Equipment were Russia ($4.24M), Switzerland ($3.17M), Germany ($1.89M), United States ($1.82M), and Romania ($952k).

In 2023, Serbia imported $75.1M in Electric Soldering Equipment, mainly from Germany ($27.5M), China ($14.6M), Italy ($12.4M), Slovenia ($3.13M), and Romania ($2.44M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Russia$3.89M (1.11k%)
Romania$840k (754%)
Germany$669k (55%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Serbia WERE (2022 - 2023):
Mexico-$1.04M (-99.8%)
Bosnia and Herzegovina-$763k (-71.1%)
North Macedonia-$351k (-60.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Electric Soldering Equipment were:
In 2023, Serbia's main importing competitors in Electric Soldering Equipment were:

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.58M
TOP IMPORT POTENTIALChina+ $2.12M

Electric Soldering Equipment’s highest export potential is United States. With an export gap of $1.58M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $2.12M.

See methodology.

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