2023
Exports
$32World Rnk 140 / 150
Flag Rnk 1163 / 1165
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$1.89BWorld Rnk 47 / 159
Flag Rnk 1 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $32 in Crude Petroleum, making it the 140th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1163rd most exported product in Serbia. The main destination of Crude Petroleum exports from Serbia are: Germany ($32).

The fastest growing export markets for Crude Petroleum of Serbia between 2022 and 2023 were Germany ($32).

Imports In 2023, Serbia imported $1.89B in Crude Petroleum, becoming the 47th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Serbia. Serbia imports Crude Petroleum primarily from: Iraq ($852M), Norway ($357M), Kazakhstan ($343M), Libya ($149M), and Nigeria ($116M).

The fastest growing import markets in Crude Petroleum for Serbia between 2022 and 2023 were Norway ($357M), Kazakhstan ($343M), and Libya ($149M).

Historical Data

Trade Balance

Color
EXPORTS (2023)$32
IMPORTS (2023)$1.89B
NET TRADE (2023)-$1.89B

In 2023, Serbia exported $32 in Crude Petroleum. The main destinations of Serbia exports on Crude Petroleum were Germany ($32).

In 2023, Serbia imported $1.89B in Crude Petroleum, mainly from Iraq ($852M), Norway ($357M), Kazakhstan ($343M), Libya ($149M), and Nigeria ($116M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Serbia WERE (2022 - 2023):Germany$32 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Serbia WERE (2022 - 2023):Netherlands-$160 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Serbia's main exporting competitors in Crude Petroleum were:
In 2023, Serbia's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $1.5k
TOP IMPORT POTENTIALRussia+ $95.9M

Crude Petroleum’s highest export potential is Netherlands. With an export gap of $1.5k.   Crude Petroleum’s highest import potential is Russia with an import gap of $95.9M.

See methodology.

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