2021
Exports | Imports
$278M | $1.18BWorld Rnk 41 / 97
Flag Rnk 21 / 1167
World Rnk 21 / 118
Flag Rnk 2 / 1198
2021
ECONOMIC COMPLEXITY of Serbia
0.74Rnk 36 / 131
2021
PRODUCT COMPLEXITY IN Electricity
-0.68Rnk 750 / 1024

About

Exports In 2021, Serbia exported $278M in Electricity, making it the 41st largest exporter of Electricity in the world. At the same year, Electricity was the 21st most exported product in Serbia. The main destination of Electricity exports from Serbia are: North Macedonia ($71.6M), Czechia ($55.7M), Hungary ($33.2M), Slovenia ($31M), and Montenegro ($26.4M).

The fastest growing export markets for Electricity of Serbia between 2020 and 2021 were North Macedonia ($38.7M), Czechia ($37.7M), and Hungary ($18.6M).

Imports In 2021, Serbia imported $1.18B in Electricity, becoming the 21st largest importer of Electricity in the world. At the same year, Electricity was the 2nd most imported product in Serbia. Serbia imports Electricity primarily from: Hungary ($440M), Romania ($190M), Bosnia and Herzegovina ($150M), Czechia ($129M), and Croatia ($113M).

The fastest growing import markets in Electricity for Serbia between 2020 and 2021 were Hungary ($228M), Romania ($166M), and Czechia ($92.3M).

Latest Trends

Dec 2023

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 (2021)$278M
IMPORTS (2021)$1.18B
NET TRADE (2021)-$904M

In 2021, Serbia exported $278M in Electricity. The main destinations of Serbia exports on Electricity were North Macedonia ($71.6M), Czechia ($55.7M), Hungary ($33.2M), Slovenia ($31M), and Montenegro ($26.4M).

In 2021, Serbia imported $1.18B in Electricity, mainly from Hungary ($440M), Romania ($190M), Bosnia and Herzegovina ($150M), Czechia ($129M), and Croatia ($113M).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Serbia WERE (2020 - 2021):
North Macedonia$38.7M (118%)
Czechia$37.7M (209%)
Hungary$18.6M (127%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Serbia WERE (2020 - 2021):
Albania-$14.6M (-90.5%)
Slovenia-$4.83M (-13.5%)
Bulgaria-$1.49M (-10.4%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Serbia's main exporting competitors in Electricity were:
Germany $9.88B
France $8.46B
Czechia $3.53B
In 2021, Serbia's main importing competitors in Electricity were:
Italy $7.44B
Germany $5.98B
France $4.19B

Explore Visualizations

Trade Value of Electricity by Exporters

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