2023
Exports
$1.69MWorld Rnk 50 / 164
Flag Rnk 572 / 1165
2023
PRODUCT COMPLEXITY IN Drilling Machines
1.11Rnk 139 / 1025
2023
Imports
$16.8MWorld Rnk 39 / 213
Flag Rnk 367 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $1.69M in Drilling Machines, making it the 50th largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 572nd most exported product in Serbia. The main destination of Drilling Machines exports from Serbia are: Spain ($443k), Russia ($373k), Slovenia ($241k), Italy ($93.3k), and Turkey ($86k).

The fastest growing export markets for Drilling Machines of Serbia between 2022 and 2023 were Spain ($443k), Russia ($284k), and Italy ($82k).

Imports In 2023, Serbia imported $16.8M in Drilling Machines, becoming the 39th largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 367th most imported product in Serbia. Serbia imports Drilling Machines primarily from: Italy ($5.24M), Germany ($3.14M), Austria ($1.56M), Poland ($1.17M), and Netherlands ($1.06M).

The fastest growing import markets in Drilling Machines for Serbia between 2022 and 2023 were Italy ($4.31M), Austria ($1.08M), and Poland ($827k).

Latest Trends

Dec 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 Drilling Machines. 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)$1.69M
IMPORTS (2023)$16.8M
NET TRADE (2023)-$15.1M

In 2023, Serbia exported $1.69M in Drilling Machines. The main destinations of Serbia exports on Drilling Machines were Spain ($443k), Russia ($373k), Slovenia ($241k), Italy ($93.3k), and Turkey ($86k).

In 2023, Serbia imported $16.8M in Drilling Machines, mainly from Italy ($5.24M), Germany ($3.14M), Austria ($1.56M), Poland ($1.17M), and Netherlands ($1.06M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Drilling Machines EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Spain$443k (1%)
Russia$284k (318%)
Italy$82k (726%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY Serbia WERE (2022 - 2023):
Germany-$153k (-90.4%)
Slovenia-$117k (-32.6%)
Czechia-$77.8k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Drilling Machines were:
In 2023, Serbia's main importing competitors in Drilling Machines were:

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Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $171k
TOP IMPORT POTENTIALChina+ $436k

Drilling Machines’s highest export potential is Germany. With an export gap of $171k.   Drilling Machines’s highest import potential is China with an import gap of $436k.

See methodology.

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