2023
Exports
$15.9MWorld Rnk 35 / 167
Flag Rnk 252 / 1165
2023
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 45 / 1025
2023
Imports
$50.9MWorld Rnk 40 / 214
Flag Rnk 179 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $15.9M in Forging Machines, making it the 35th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 252nd most exported product in Serbia. The main destination of Forging Machines exports from Serbia are: Namibia ($2.9M), Romania ($2.25M), Croatia ($1.81M), Hungary ($1.02M), and Germany ($1.01M).

The fastest growing export markets for Forging Machines of Serbia between 2022 and 2023 were Namibia ($2.9M), Romania ($1.76M), and Croatia ($1.37M).

Imports In 2023, Serbia imported $50.9M in Forging Machines, becoming the 40th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 179th most imported product in Serbia. Serbia imports Forging Machines primarily from: China ($12.2M), Italy ($8.89M), Germany ($8.29M), Turkey ($4.4M), and Japan ($2.23M).

The fastest growing import markets in Forging Machines for Serbia between 2022 and 2023 were China ($3.96M), Italy ($3.24M), and Japan ($2.01M).

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 Forging Machines. 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)$15.9M
IMPORTS (2023)$50.9M
NET TRADE (2023)-$35M

In 2023, Serbia exported $15.9M in Forging Machines. The main destinations of Serbia exports on Forging Machines were Namibia ($2.9M), Romania ($2.25M), Croatia ($1.81M), Hungary ($1.02M), and Germany ($1.01M).

In 2023, Serbia imported $50.9M in Forging Machines, mainly from China ($12.2M), Italy ($8.89M), Germany ($8.29M), Turkey ($4.4M), and Japan ($2.23M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Namibia$2.9M (1%)
Romania$1.76M (363%)
Croatia$1.37M (305%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Serbia WERE (2022 - 2023):
Bosnia and Herzegovina-$763k (-60.5%)
Slovenia-$297k (-54.7%)
Netherlands-$211k (-98.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Forging Machines were:
China $1.99B
Italy $1.4B
Germany $1.17B
In 2023, Serbia's main importing competitors in Forging Machines were:

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $633k
TOP IMPORT POTENTIALChina+ $1.71M

Forging Machines’s highest export potential is Germany. With an export gap of $633k.   Forging Machines’s highest import potential is China with an import gap of $1.71M.

See methodology.

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