2022
Exports
$4.39MWorld Rnk 61 / 199
Flag Rnk 424 / 1171
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.61Rnk 321 / 1025
2022
Imports
$25.6MWorld Rnk 69 / 220
Flag Rnk 292 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $4.39M in Special Pharmaceuticals, making it the 61st largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 424th most exported product in Serbia. The main destination of Special Pharmaceuticals exports from Serbia are: Slovenia ($1.61M), Bosnia and Herzegovina ($1.23M), Russia ($603k), Montenegro ($383k), and Poland ($151k).

The fastest growing export markets for Special Pharmaceuticals of Serbia between 2021 and 2022 were Russia ($603k), Bosnia and Herzegovina ($219k), and Poland ($151k).

Imports In 2022, Serbia imported $25.6M in Special Pharmaceuticals, becoming the 69th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 292nd most imported product in Serbia. Serbia imports Special Pharmaceuticals primarily from: Slovenia ($7.55M), Germany ($3.38M), Belgium ($2.64M), United States ($1.41M), and Switzerland ($1.23M).

The fastest growing import markets in Special Pharmaceuticals for Serbia between 2021 and 2022 were Germany ($1.63M), Belgium ($1.25M), and Norway ($528k).

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 Special Pharmaceuticals. 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)$4.39M
IMPORTS (2022)$25.6M
NET TRADE (2022)-$21.2M

In 2022, Serbia exported $4.39M in Special Pharmaceuticals. The main destinations of Serbia exports on Special Pharmaceuticals were Slovenia ($1.61M), Bosnia and Herzegovina ($1.23M), Russia ($603k), Montenegro ($383k), and Poland ($151k).

In 2022, Serbia imported $25.6M in Special Pharmaceuticals, mainly from Slovenia ($7.55M), Germany ($3.38M), Belgium ($2.64M), United States ($1.41M), and Switzerland ($1.23M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Russia$603k (1%)
Poland$151k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Serbia WERE (2021 - 2022):
Slovenia-$168k (-9.41%)
Bulgaria-$45.6k (-79.8%)
Vietnam-$32.8k (-90.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Special Pharmaceuticals were:
In 2022, Serbia's main importing competitors in Special Pharmaceuticals were:

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $437k
TOP IMPORT POTENTIALHungary+ $2.1M

Special Pharmaceuticals’s highest export potential is Russia. With an export gap of $437k.   Special Pharmaceuticals’s highest import potential is Hungary with an import gap of $2.1M.

See methodology.

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