2022
Exports
$104MWorld Rnk 73 / 160
Flag Rnk 62 / 1171
2022
PRODUCT COMPLEXITY IN Petroleum Gas
-1.98Rnk 1000 / 1025
2022
Imports
$1.6BWorld Rnk 45 / 222
Flag Rnk 3 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $104M in Petroleum Gas, making it the 73rd largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 62nd most exported product in Serbia. The main destination of Petroleum Gas exports from Serbia are: Hungary ($54M), Bosnia and Herzegovina ($19.8M), North Macedonia ($10.8M), Bulgaria ($5.36M), and Croatia ($5.34M).

The fastest growing export markets for Petroleum Gas of Serbia between 2021 and 2022 were Hungary ($48.4M), Bosnia and Herzegovina ($5.72M), and Bulgaria ($4.66M).

Imports In 2022, Serbia imported $1.6B in Petroleum Gas, becoming the 45th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 3rd most imported product in Serbia. Serbia imports Petroleum Gas primarily from: Russia ($1.01B), Hungary ($545M), Romania ($12.2M), Kazakhstan ($9.09M), and Bulgaria ($4.92M).

The fastest growing import markets in Petroleum Gas for Serbia between 2021 and 2022 were Russia ($526M), Hungary ($503M), and Slovakia ($2.45M).

Latest Trends

Sep 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 Petroleum Gas. 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)$104M
IMPORTS (2022)$1.6B
NET TRADE (2022)-$1.49B

In 2022, Serbia exported $104M in Petroleum Gas. The main destinations of Serbia exports on Petroleum Gas were Hungary ($54M), Bosnia and Herzegovina ($19.8M), North Macedonia ($10.8M), Bulgaria ($5.36M), and Croatia ($5.34M).

In 2022, Serbia imported $1.6B in Petroleum Gas, mainly from Russia ($1.01B), Hungary ($545M), Romania ($12.2M), Kazakhstan ($9.09M), and Bulgaria ($4.92M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Hungary$48.4M (866%)
Bulgaria$4.66M (672%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Serbia WERE (2021 - 2022):
Poland-$996k (-100%)
Romania-$557k (-95.5%)
Albania-$32k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Petroleum Gas were:
In 2022, Serbia's main importing competitors in Petroleum Gas were:
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHungary+ $13M
TOP IMPORT POTENTIALRussia+ $108M

Petroleum Gas’s highest export potential is Hungary. With an export gap of $13M.   Petroleum Gas’s highest import potential is Russia with an import gap of $108M.

See methodology.

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