2022
Exports
$12.9MWorld Rnk 42 / 201
Flag Rnk 279 / 1171
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.96Rnk 7 / 1025
2022
Imports
$56.3MWorld Rnk 41 / 220
Flag Rnk 170 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $12.9M in Electric Soldering Equipment, making it the 42nd largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 279th most exported product in Serbia. The main destination of Electric Soldering Equipment exports from Serbia are: Switzerland ($2.6M), United States ($1.57M), North Macedonia ($1.24M), Germany ($1.17M), and Bosnia and Herzegovina ($1.15M).

The fastest growing export markets for Electric Soldering Equipment of Serbia between 2021 and 2022 were North Macedonia ($818k), Bosnia and Herzegovina ($482k), and Mexico ($410k).

Imports In 2022, Serbia imported $56.3M in Electric Soldering Equipment, becoming the 41st largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 170th most imported product in Serbia. Serbia imports Electric Soldering Equipment primarily from: Germany ($17.7M), China ($14.6M), Slovenia ($3.54M), Austria ($3.38M), and Switzerland ($2.69M).

The fastest growing import markets in Electric Soldering Equipment for Serbia between 2021 and 2022 were Germany ($6.55M), Austria ($2.56M), and Switzerland ($1.78M).

Latest Trends

Jul 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 Soldering Equipment. 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)$12.9M
IMPORTS (2022)$56.3M
NET TRADE (2022)-$43.4M

In 2022, Serbia exported $12.9M in Electric Soldering Equipment. The main destinations of Serbia exports on Electric Soldering Equipment were Switzerland ($2.6M), United States ($1.57M), North Macedonia ($1.24M), Germany ($1.17M), and Bosnia and Herzegovina ($1.15M).

In 2022, Serbia imported $56.3M in Electric Soldering Equipment, mainly from Germany ($17.7M), China ($14.6M), Slovenia ($3.54M), Austria ($3.38M), and Switzerland ($2.69M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
North Macedonia$818k (193%)
Mexico$410k (64.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Serbia WERE (2021 - 2022):
Germany-$1.64M (-58.3%)
Morocco-$451k (-86.4%)
Russia-$240k (-40.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Electric Soldering Equipment were:
In 2022, Serbia's main importing competitors in Electric Soldering Equipment were:

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.58M
TOP IMPORT POTENTIALChina+ $2.12M

Electric Soldering Equipment’s highest export potential is United States. With an export gap of $1.58M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $2.12M.

See methodology.

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