2023
Exports
$1.88BWorld Rnk 13 / 102
Flag Rnk 2 / 1165
2023
PRODUCT COMPLEXITY IN Electricity
-0.74Rnk 770 / 1025
2023
Imports
$1.04BWorld Rnk 25 / 126
Flag Rnk 5 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $1.88B in Electricity, making it the 13th largest exporter of Electricity in the world. At the same year, Electricity was the 2nd most exported product in Serbia. The main destination of Electricity exports from Serbia are: Hungary ($657M), Romania ($546M), Bulgaria ($218M), Croatia ($204M), and North Macedonia ($94.9M).

The fastest growing export markets for Electricity of Serbia between 2022 and 2023 were Romania ($317M), Bulgaria ($120M), and Albania ($39.7M).

Imports In 2023, Serbia imported $1.04B in Electricity, becoming the 25th largest importer of Electricity in the world. At the same year, Electricity was the 5th most imported product in Serbia. Serbia imports Electricity primarily from: Romania ($242M), Bosnia and Herzegovina ($203M), Hungary ($149M), Croatia ($118M), and North Macedonia ($91.5M).

The fastest growing import markets in Electricity for Serbia between 2022 and 2023 were Romania ($65.7M), Luxembourg ($10.7M), and Montenegro ($6M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$1.88B
IMPORTS (2023)$1.04B
NET TRADE (2023)$841M

In 2023, Serbia exported $1.88B in Electricity. The main destinations of Serbia exports on Electricity were Hungary ($657M), Romania ($546M), Bulgaria ($218M), Croatia ($204M), and North Macedonia ($94.9M).

In 2023, Serbia imported $1.04B in Electricity, mainly from Romania ($242M), Bosnia and Herzegovina ($203M), Hungary ($149M), Croatia ($118M), and North Macedonia ($91.5M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Romania$317M (138%)
Bulgaria$120M (123%)
Albania$39.7M (68.7k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Serbia WERE (2022 - 2023):
Croatia-$343M (-62.6%)
Hungary-$112M (-14.6%)
North Macedonia-$60.1M (-38.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Serbia's main exporting competitors in Electricity were:
In 2023, Serbia's main importing competitors in Electricity were:

Explore Visualizations

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with