2021
Exports | Imports
$1.8B | $594MWorld Rnk 21 / 219
Flag Rnk 1 / 1167
World Rnk 43 / 225
Flag Rnk 7 / 1198
2021
ECONOMIC COMPLEXITY of Serbia
0.74Rnk 36 / 131
2021
PRODUCT COMPLEXITY IN Insulated Wire
-0.6Rnk 732 / 1024

About

Exports In 2021, Serbia exported $1.8B in Insulated Wire, making it the 21st largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 1st most exported product in Serbia. The main destination of Insulated Wire exports from Serbia are: Germany ($534M), Hungary ($229M), Czechia ($205M), Slovakia ($185M), and Romania ($117M).

The fastest growing export markets for Insulated Wire of Serbia between 2020 and 2021 were Germany ($119M), Slovakia ($44.1M), and Italy ($37.4M).

Imports In 2021, Serbia imported $594M in Insulated Wire, becoming the 43rd largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 7th most imported product in Serbia. Serbia imports Insulated Wire primarily from: Germany ($143M), Czechia ($74.3M), Hungary ($62M), China ($49.3M), and Turkey ($35.2M).

The fastest growing import markets in Insulated Wire for Serbia between 2020 and 2021 were Germany ($26.9M), Czechia ($25.8M), and China ($13.3M).

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 Insulated Wire. 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)$1.8B
IMPORTS (2021)$594M
NET TRADE (2021)$1.21B

In 2021, Serbia exported $1.8B in Insulated Wire. The main destinations of Serbia exports on Insulated Wire were Germany ($534M), Hungary ($229M), Czechia ($205M), Slovakia ($185M), and Romania ($117M).

In 2021, Serbia imported $594M in Insulated Wire, mainly from Germany ($143M), Czechia ($74.3M), Hungary ($62M), China ($49.3M), and Turkey ($35.2M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Serbia WERE (2020 - 2021):
Germany$119M (28.6%)
Slovakia$44.1M (31.3%)
Italy$37.4M (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Serbia WERE (2020 - 2021):
Mexico-$1.95M (-95.7%)
Spain-$1.65M (-98.8%)
Lithuania-$1.64M (-7.17%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Serbia's main exporting competitors in Insulated Wire were:
China $30.6B
Mexico $14.2B
Germany $9.84B
In 2021, Serbia's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

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