2023
Exports
$182MWorld Rnk 34 / 216
Flag Rnk 38 / 1165
2023
PRODUCT COMPLEXITY IN Electric Heaters
0.45Rnk 380 / 1025
2023
Imports
$109MWorld Rnk 63 / 225
Flag Rnk 86 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $182M in Electric Heaters, making it the 34th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 38th most exported product in Serbia. The main destination of Electric Heaters exports from Serbia are: Germany ($74.5M), Italy ($18.8M), Turkey ($11.2M), Russia ($9M), and Ukraine ($7.34M).

The fastest growing export markets for Electric Heaters of Serbia between 2022 and 2023 were Germany ($9.59M), Russia ($6.09M), and South Africa ($915k).

Imports In 2023, Serbia imported $109M in Electric Heaters, becoming the 63rd largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 86th most imported product in Serbia. Serbia imports Electric Heaters primarily from: China ($23.8M), Turkey ($23.2M), Slovenia ($9.35M), Germany ($7.51M), and Italy ($6.18M).

The fastest growing import markets in Electric Heaters for Serbia between 2022 and 2023 were Turkey ($3.74M), Czechia ($1.99M), and Hungary ($1.75M).

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 Heaters. 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)$182M
IMPORTS (2023)$109M
NET TRADE (2023)$72.6M

In 2023, Serbia exported $182M in Electric Heaters. The main destinations of Serbia exports on Electric Heaters were Germany ($74.5M), Italy ($18.8M), Turkey ($11.2M), Russia ($9M), and Ukraine ($7.34M).

In 2023, Serbia imported $109M in Electric Heaters, mainly from China ($23.8M), Turkey ($23.2M), Slovenia ($9.35M), Germany ($7.51M), and Italy ($6.18M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Germany$9.59M (14.8%)
Russia$6.09M (209%)
South Africa$915k (38.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Serbia WERE (2022 - 2023):
United States-$4.62M (-66%)
Italy-$2.05M (-9.81%)
Saudi Arabia-$1.42M (-57.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Electric Heaters were:
Germany $4.19B
Italy $2.87B
In 2023, Serbia's main importing competitors in Electric Heaters were:

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $13.8M
TOP IMPORT POTENTIALChina+ $16.8M

Electric Heaters’s highest export potential is Germany. With an export gap of $13.8M.   Electric Heaters’s highest import potential is China with an import gap of $16.8M.

See methodology.

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