2022
Exports
$29.7MWorld Rnk 61 / 223
Flag Rnk 177 / 1171
2022
PRODUCT COMPLEXITY IN Centrifuges
1.1Rnk 136 / 1025
2022
Imports
$180MWorld Rnk 60 / 226
Flag Rnk 41 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $29.7M in Centrifuges, making it the 61st largest exporter of Centrifuges in the world. At the same year, Centrifuges was the 177th most exported product in Serbia. The main destination of Centrifuges exports from Serbia are: Russia ($5.36M), Germany ($4.14M), Bosnia and Herzegovina ($3.19M), Turkey ($2.18M), and Montenegro ($2.14M).

The fastest growing export markets for Centrifuges of Serbia between 2021 and 2022 were Russia ($3.02M), Turkey ($2.14M), and France ($689k).

Imports In 2022, Serbia imported $180M in Centrifuges, becoming the 60th largest importer of Centrifuges in the world. At the same year, Centrifuges was the 41st most imported product in Serbia. Serbia imports Centrifuges primarily from: China ($49.6M), Germany ($36.7M), Poland ($12.4M), Turkey ($11.1M), and Italy ($10.1M).

The fastest growing import markets in Centrifuges for Serbia between 2021 and 2022 were Turkey ($6.28M), Germany ($6.26M), and United Kingdom ($3.4M).

Latest Trends

Aug 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 Centrifuges. 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)$29.7M
IMPORTS (2022)$180M
NET TRADE (2022)-$150M

In 2022, Serbia exported $29.7M in Centrifuges. The main destinations of Serbia exports on Centrifuges were Russia ($5.36M), Germany ($4.14M), Bosnia and Herzegovina ($3.19M), Turkey ($2.18M), and Montenegro ($2.14M).

In 2022, Serbia imported $180M in Centrifuges, mainly from China ($49.6M), Germany ($36.7M), Poland ($12.4M), Turkey ($11.1M), and Italy ($10.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Centrifuges EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Russia$3.02M (129%)
Turkey$2.14M (5.21k%)
France$689k (197%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Centrifuges BY Serbia WERE (2021 - 2022):
North Macedonia-$977k (-48.5%)
Italy-$279k (-25.7%)
Belgium-$273k (-39.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Centrifuges by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.57M
TOP IMPORT POTENTIALGermany+ $12.3M

Centrifuges’s highest export potential is Germany. With an export gap of $4.57M.   Centrifuges’s highest import potential is Germany with an import gap of $12.3M.

See methodology.

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