2023
Exports
$344MWorld Rnk 25 / 189
Flag Rnk 19 / 1165
2023
PRODUCT COMPLEXITY IN Animal Food
-0.27Rnk 638 / 1025
2023
Imports
$118MWorld Rnk 63 / 225
Flag Rnk 77 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $344M in Animal Food, making it the 25th largest exporter of Animal Food in the world. At the same year, Animal Food was the 19th most exported product in Serbia. The main destination of Animal Food exports from Serbia are: Russia ($78.5M), Bosnia and Herzegovina ($37.1M), Italy ($36.3M), Poland ($21.9M), and Montenegro ($19M).

The fastest growing export markets for Animal Food of Serbia between 2022 and 2023 were Russia ($39.9M), United States ($13.3M), and Italy ($5.33M).

Imports In 2023, Serbia imported $118M in Animal Food, becoming the 63rd largest importer of Animal Food in the world. At the same year, Animal Food was the 77th most imported product in Serbia. Serbia imports Animal Food primarily from: Hungary ($26.3M), Germany ($13.5M), Italy ($12.8M), Poland ($12.7M), and Croatia ($8.1M).

The fastest growing import markets in Animal Food for Serbia between 2022 and 2023 were Hungary ($4.01M), Croatia ($3.41M), and Germany ($2.65M).

Latest Trends

Jan 2025

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 Animal Food. 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 (2023)$344M
IMPORTS (2023)$118M
NET TRADE (2023)$226M

In 2023, Serbia exported $344M in Animal Food. The main destinations of Serbia exports on Animal Food were Russia ($78.5M), Bosnia and Herzegovina ($37.1M), Italy ($36.3M), Poland ($21.9M), and Montenegro ($19M).

In 2023, Serbia imported $118M in Animal Food, mainly from Hungary ($26.3M), Germany ($13.5M), Italy ($12.8M), Poland ($12.7M), and Croatia ($8.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Animal Food EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Russia$39.9M (103%)
United States$13.3M (396%)
Italy$5.33M (17.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Food BY Serbia WERE (2022 - 2023):
Japan-$5.84M (-86.6%)
Croatia-$904k (-7.37%)
North Macedonia-$664k (-8.03%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Animal Food were:
In 2023, Serbia's main importing competitors in Animal Food were:

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Trade Value of Animal Food by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $7.88M
TOP IMPORT POTENTIALGermany+ $4.6M

Animal Food’s highest export potential is Germany. With an export gap of $7.88M.   Animal Food’s highest import potential is Germany with an import gap of $4.6M.

See methodology.

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