2022
Exports
$1.9BWorld Rnk 20 / 222
Flag Rnk 1 / 1171
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$609MWorld Rnk 44 / 225
Flag Rnk 8 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $1.9B in Insulated Wire, making it the 20th 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 ($550M), Slovakia ($314M), Hungary ($258M), Czechia ($147M), and Sweden ($113M).

The fastest growing export markets for Insulated Wire of Serbia between 2021 and 2022 were Slovakia ($129M), Hungary ($26.5M), and Germany ($15.7M).

Imports In 2022, Serbia imported $609M in Insulated Wire, becoming the 44th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 8th most imported product in Serbia. Serbia imports Insulated Wire primarily from: Germany ($132M), Czechia ($65.9M), Hungary ($60.6M), China ($45.1M), and Turkey ($43.9M).

The fastest growing import markets in Insulated Wire for Serbia between 2021 and 2022 were Austria ($11.2M), Romania ($10.6M), and Portugal ($5.97M).

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 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 (2022)$1.9B
IMPORTS (2022)$609M
NET TRADE (2022)$1.29B

In 2022, Serbia exported $1.9B in Insulated Wire. The main destinations of Serbia exports on Insulated Wire were Germany ($550M), Slovakia ($314M), Hungary ($258M), Czechia ($147M), and Sweden ($113M).

In 2022, Serbia imported $609M in Insulated Wire, mainly from Germany ($132M), Czechia ($65.9M), Hungary ($60.6M), China ($45.1M), and Turkey ($43.9M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Slovakia$129M (69.6%)
Hungary$26.5M (11.5%)
Germany$15.7M (2.94%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Serbia WERE (2021 - 2022):
Czechia-$57.8M (-28.2%)
Lithuania-$18.4M (-86.9%)
Romania-$14.2M (-12.1%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Insulated Wire were:
In 2022, Serbia's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRomania+ $43.5M
TOP IMPORT POTENTIALChina+ $30.3M

Insulated Wire’s highest export potential is Romania. With an export gap of $43.5M.   Insulated Wire’s highest import potential is China with an import gap of $30.3M.

See methodology.

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