2023
Exports
$10.2MWorld Rnk 57 / 186
Flag Rnk 323 / 1165
2023
PRODUCT COMPLEXITY IN Electric Generating Sets
0.35Rnk 440 / 1025
2023
Imports
$51.4MWorld Rnk 71 / 223
Flag Rnk 177 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $10.2M in Electric Generating Sets, making it the 57th largest exporter of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 323rd most exported product in Serbia. The main destination of Electric Generating Sets exports from Serbia are: Germany ($2M), Bosnia and Herzegovina ($1.32M), Montenegro ($1.25M), Austria ($896k), and Ukraine ($816k).

The fastest growing export markets for Electric Generating Sets of Serbia between 2022 and 2023 were Germany ($904k), Austria ($538k), and Hungary ($459k).

Imports In 2023, Serbia imported $51.4M in Electric Generating Sets, becoming the 71st largest importer of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 177th most imported product in Serbia. Serbia imports Electric Generating Sets primarily from: China ($16M), Turkey ($10.4M), Czechia ($4.57M), Austria ($4.54M), and Germany ($4.53M).

The fastest growing import markets in Electric Generating Sets for Serbia between 2022 and 2023 were China ($12M), Czechia ($4.18M), and Germany ($3.76M).

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 Electric Generating Sets. 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)$10.2M
IMPORTS (2023)$51.4M
NET TRADE (2023)-$41.2M

In 2023, Serbia exported $10.2M in Electric Generating Sets. The main destinations of Serbia exports on Electric Generating Sets were Germany ($2M), Bosnia and Herzegovina ($1.32M), Montenegro ($1.25M), Austria ($896k), and Ukraine ($816k).

In 2023, Serbia imported $51.4M in Electric Generating Sets, mainly from China ($16M), Turkey ($10.4M), Czechia ($4.57M), Austria ($4.54M), and Germany ($4.53M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Generating Sets EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Germany$904k (82.4%)
Austria$538k (151%)
Hungary$459k (340%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Generating Sets BY Serbia WERE (2022 - 2023):
United States-$448k (-58.5%)
Romania-$213k (-87.3%)
Poland-$204k (-99.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Electric Generating Sets were:
In 2023, Serbia's main importing competitors in Electric Generating Sets were:

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Trade Value of Electric Generating Sets by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.47M
TOP IMPORT POTENTIALChina+ $4.25M

Electric Generating Sets’s highest export potential is United States. With an export gap of $1.47M.   Electric Generating Sets’s highest import potential is China with an import gap of $4.25M.

See methodology.

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