2022
Exports
$211MWorld Rnk 37 / 192
Flag Rnk 32 / 1171
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$132MWorld Rnk 67 / 207
Flag Rnk 70 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $211M in Gas Turbines, making it the 37th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 32nd most exported product in Serbia. The main destination of Gas Turbines exports from Serbia are: Germany ($66.1M), Hungary ($43.1M), Poland ($37.7M), Czechia ($19.8M), and Ireland ($11M).

The fastest growing export markets for Gas Turbines of Serbia between 2021 and 2022 were Hungary ($18.7M), Germany ($11.8M), and Ireland ($10.5M).

Imports In 2022, Serbia imported $132M in Gas Turbines, becoming the 67th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 70th most imported product in Serbia. Serbia imports Gas Turbines primarily from: United Kingdom ($40M), China ($29.9M), Hungary ($25.1M), Germany ($6.48M), and United States ($4.97M).

The fastest growing import markets in Gas Turbines for Serbia between 2021 and 2022 were United Kingdom ($29.4M), China ($17.8M), and Netherlands ($4.23M).

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 Gas Turbines. 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)$211M
IMPORTS (2022)$132M
NET TRADE (2022)$79.3M

In 2022, Serbia exported $211M in Gas Turbines. The main destinations of Serbia exports on Gas Turbines were Germany ($66.1M), Hungary ($43.1M), Poland ($37.7M), Czechia ($19.8M), and Ireland ($11M).

In 2022, Serbia imported $132M in Gas Turbines, mainly from United Kingdom ($40M), China ($29.9M), Hungary ($25.1M), Germany ($6.48M), and United States ($4.97M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Hungary$18.7M (76.7%)
Germany$11.8M (21.7%)
Ireland$10.5M (1.89k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Serbia WERE (2021 - 2022):
Portugal-$2M (-99.9%)
United Kingdom-$1.94M (-95%)
Bulgaria-$395k (-29.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Gas Turbines were:
In 2022, Serbia's main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $12.2M
TOP IMPORT POTENTIALUnited Kingdom+ $9.71M

Gas Turbines’s highest export potential is Germany. With an export gap of $12.2M.   Gas Turbines’s highest import potential is United Kingdom with an import gap of $9.71M.

See methodology.

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