HS Icon Metalworking Machines in  Flag Serbia

2020
Exports | Imports
: $569k | $3.94M, World Rnk 52 / 146
Flag Rnk 686 / 1158 | World Rnk 52 / 210
Flag Rnk 613 / 1196

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $114k | $71.4k, Spain |  Netherlands

2020
ECONOMIC COMPLEXITY of Serbia
: 0.68, Rnk 37 / 127

2020
PRODUCT COMPLEXITY  IN Metalworking Machines
: 2.09, Rnk 4 / 1029

Exports In 2020, Serbia exported $569k in Metalworking Machines, making it the 52nd largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 686th most exported product in Serbia. The main destination of Metalworking Machines exports from Serbia are: Spain ($252k), Italy ($71.9k), Slovenia ($35.3k), Poland ($27.4k), and France ($24k).

The fastest growing export markets for Metalworking Machines of Serbia between 2019 and 2020 were Spain ($114k), Hungary ($22.1k), and Poland ($21.2k).

Imports In 2020, Serbia imported $3.94M in Metalworking Machines, becoming the 52nd largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 613th most imported product in Serbia. Serbia imports Metalworking Machines primarily from: Germany ($1.81M), China ($551k), Italy ($352k), Turkey ($178k), and Netherlands ($149k).

The fastest growing import markets in Metalworking Machines for Serbia between 2019 and 2020 were Netherlands ($71.4k), Denmark ($61.6k), and Australia ($32.7k).

Tariffs In 2018, the average tariff for Serbia in Metalworking Machines was 8.42%. The countries with the highest import tariffs for Metalworking Machines were Angola (Most Favoured Nation duty rate treatement, 10%), Burundi (Most Favoured Nation duty rate treatement, 10%), Benin (Most Favoured Nation duty rate treatement, 10%), Burkina Faso (Most Favoured Nation duty rate treatement, 10%), and Botswana (Most Favoured Nation duty rate treatement, 10%).

Subnational Monthly Trade

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The following visualization shows the latest trends on Metalworking 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

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EXPORTS (2020): $569k

IMPORTS (2020): $3.94M

NET TRADE (2020): -$3.37M

In 2020, Serbia exported $569k in Metalworking Machines. The main destinations of Serbia exports on Metalworking Machines were Spain ($252k), Italy ($71.9k), Slovenia ($35.3k), Poland ($27.4k), and France ($24k).

In 2020, Serbia imported $3.94M in Metalworking Machines, mainly from Germany ($1.81M), China ($551k), Italy ($352k), Turkey ($178k), and Netherlands ($149k).

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THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Serbia WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Serbia WERE (2019 - 2020):

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Market Concentration

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In 2020, Serbia's main exporting competitors in Metalworking Machines were:

In 2020, Serbia's main importing competitors in Metalworking Machines were:

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