2023
Exports
$351MWorld Rnk 20 / 188
Flag Rnk 17 / 1165
2023
PRODUCT COMPLEXITY IN Electric Motor Parts
0.72Rnk 276 / 1025
2023
Imports
$377MWorld Rnk 18 / 219
Flag Rnk 11 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $351M in Electric Motor Parts, making it the 20th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 17th most exported product in Serbia. The main destination of Electric Motor Parts exports from Serbia are: Germany ($317M), Slovenia ($5.8M), Hungary ($4.53M), United States ($4.36M), and France ($2.45M).

The fastest growing export markets for Electric Motor Parts of Serbia between 2022 and 2023 were Germany ($43.5M), Hungary ($2.07M), and Hong Kong ($1.9M).

Imports In 2023, Serbia imported $377M in Electric Motor Parts, becoming the 18th largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 11th most imported product in Serbia. Serbia imports Electric Motor Parts primarily from: Germany ($87.2M), Czechia ($57.4M), China ($53.7M), Switzerland ($26.6M), and Turkey ($26M).

The fastest growing import markets in Electric Motor Parts for Serbia between 2022 and 2023 were Czechia ($32.5M), Turkey ($20.5M), and China ($19.3M).

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 Motor Parts. 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)$351M
IMPORTS (2023)$377M
NET TRADE (2023)-$25.9M

In 2023, Serbia exported $351M in Electric Motor Parts. The main destinations of Serbia exports on Electric Motor Parts were Germany ($317M), Slovenia ($5.8M), Hungary ($4.53M), United States ($4.36M), and France ($2.45M).

In 2023, Serbia imported $377M in Electric Motor Parts, mainly from Germany ($87.2M), Czechia ($57.4M), China ($53.7M), Switzerland ($26.6M), and Turkey ($26M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Motor Parts EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Germany$43.5M (15.9%)
Hungary$2.07M (84%)
Hong Kong$1.9M (704%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motor Parts BY Serbia WERE (2022 - 2023):
United States-$3.05M (-41.1%)
United Kingdom-$2.77M (-67.4%)
Poland-$2.57M (-61.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Electric Motor Parts were:
China $6.05B
Germany $2.67B
Japan $1.75B
In 2023, Serbia's main importing competitors in Electric Motor Parts were:

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Trade Value of Electric Motor Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.4M
TOP IMPORT POTENTIALChina+ $11.5M

Electric Motor Parts’s highest export potential is United States. With an export gap of $10.4M.   Electric Motor Parts’s highest import potential is China with an import gap of $11.5M.

See methodology.

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