2022
Exports
$996MWorld Rnk 27 / 98
Flag Rnk 3 / 1171
2022
PRODUCT COMPLEXITY IN Electricity
-0.67Rnk 750 / 1025
2022
Imports
$2.65BWorld Rnk 15 / 128
Flag Rnk 1 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $996M in Electricity, making it the 27th largest exporter of Electricity in the world. At the same year, Electricity was the 3rd most exported product in Serbia. The main destination of Electricity exports from Serbia are: Croatia ($232M), Hungary ($210M), North Macedonia ($154M), Montenegro ($145M), and Romania ($120M).

The fastest growing export markets for Electricity of Serbia between 2021 and 2022 were Croatia ($209M), Hungary ($171M), and Montenegro ($119M).

Imports In 2022, Serbia imported $2.65B in Electricity, becoming the 15th largest importer of Electricity in the world. At the same year, Electricity was the 1st most imported product in Serbia. Serbia imports Electricity primarily from: Hungary ($808M), Romania ($457M), Croatia ($341M), Bulgaria ($258M), and Bosnia and Herzegovina ($234M).

The fastest growing import markets in Electricity for Serbia between 2021 and 2022 were Hungary ($375M), Romania ($272M), and Denmark ($233M).

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 Electricity. 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)$996M
IMPORTS (2022)$2.65B
NET TRADE (2022)-$1.65B

In 2022, Serbia exported $996M in Electricity. The main destinations of Serbia exports on Electricity were Croatia ($232M), Hungary ($210M), North Macedonia ($154M), Montenegro ($145M), and Romania ($120M).

In 2022, Serbia imported $2.65B in Electricity, mainly from Hungary ($808M), Romania ($457M), Croatia ($341M), Bulgaria ($258M), and Bosnia and Herzegovina ($234M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Croatia$209M (907%)
Hungary$171M (446%)
Montenegro$119M (451%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Serbia WERE (2021 - 2022):
Czechia-$55.7M (-100%)
Slovenia-$28.4M (-92.4%)
Albania-$13.2M (-99.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Electricity were:
In 2022, Serbia's main importing competitors in Electricity were:
France $14.6B
Germany $12.9B
Italy $11.9B

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHungary+ $36.6M
TOP IMPORT POTENTIALSwitzerland+ $15.7M

Electricity’s highest export potential is Hungary. With an export gap of $36.6M.   Electricity’s highest import potential is Switzerland with an import gap of $15.7M.

See methodology.

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