2022
Exports
$163MWorld Rnk 37 / 215
Flag Rnk 42 / 1171
2022
PRODUCT COMPLEXITY IN Electric Heaters
0.46Rnk 379 / 1025
2022
Imports
$122MWorld Rnk 60 / 224
Flag Rnk 77 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $163M in Electric Heaters, making it the 37th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 42nd most exported product in Serbia. The main destination of Electric Heaters exports from Serbia are: Germany ($62.3M), Italy ($20.5M), Turkey ($9.9M), Ukraine ($7.86M), and Bosnia and Herzegovina ($5.24M).

The fastest growing export markets for Electric Heaters of Serbia between 2021 and 2022 were Saudi Arabia ($2.1M), Italy ($1.86M), and Lithuania ($1.66M).

Imports In 2022, Serbia imported $122M in Electric Heaters, becoming the 60th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 77th most imported product in Serbia. Serbia imports Electric Heaters primarily from: Turkey ($23.3M), China ($22.5M), Slovenia ($18.5M), Italy ($8.82M), and Croatia ($7.63M).

The fastest growing import markets in Electric Heaters for Serbia between 2021 and 2022 were China ($5.11M), Croatia ($1.6M), and Bulgaria ($1.38M).

Latest Trends

Nov 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 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 (2022)$163M
IMPORTS (2022)$122M
NET TRADE (2022)$40.9M

In 2022, Serbia exported $163M in Electric Heaters. The main destinations of Serbia exports on Electric Heaters were Germany ($62.3M), Italy ($20.5M), Turkey ($9.9M), Ukraine ($7.86M), and Bosnia and Herzegovina ($5.24M).

In 2022, Serbia imported $122M in Electric Heaters, mainly from Turkey ($23.3M), China ($22.5M), Slovenia ($18.5M), Italy ($8.82M), and Croatia ($7.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Saudi Arabia$2.1M (2.4k%)
Italy$1.86M (9.98%)
Lithuania$1.66M (59.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Serbia WERE (2021 - 2022):
Turkey-$3.13M (-24%)
Germany-$2.79M (-4.28%)
Bulgaria-$2.46M (-32.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Electric Heaters were:
China $31.5B
Italy $2.96B
In 2022, 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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