2022
Exports
$104MWorld Rnk 50 / 223
Flag Rnk 61 / 1171
2022
PRODUCT COMPLEXITY IN Electrical Transformers
0.65Rnk 294 / 1025
2022
Imports
$220MWorld Rnk 60 / 225
Flag Rnk 30 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $104M in Electrical Transformers, making it the 50th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 61st most exported product in Serbia. The main destination of Electrical Transformers exports from Serbia are: Austria ($44.4M), Slovenia ($15.3M), Germany ($12.4M), Bulgaria ($6.24M), and Finland ($4.89M).

The fastest growing export markets for Electrical Transformers of Serbia between 2021 and 2022 were Austria ($7.1M), Slovenia ($4.44M), and Bulgaria ($3M).

Imports In 2018, Serbia imported $220M in Electrical Transformers, becoming the 60th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 30th most imported product in Serbia. Serbia imports Electrical Transformers primarily from: Czechia ($47.1M), China ($41.7M), Germany ($27.7M), Austria ($16.1M), and Italy ($10.1M).

The fastest growing import markets in Electrical Transformers for Serbia between 2021 and 2022 were Czechia ($34.7M), Austria ($4.44M), and Italy ($3.9M).

Latest Trends

Oct 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 Electrical Transformers. 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)$104M
IMPORTS (2022)$220M
NET TRADE (2022)-$116M

In 2022, Serbia exported $104M in Electrical Transformers. The main destinations of Serbia exports on Electrical Transformers were Austria ($44.4M), Slovenia ($15.3M), Germany ($12.4M), Bulgaria ($6.24M), and Finland ($4.89M).

In 2022, Serbia imported $220M in Electrical Transformers, mainly from Czechia ($47.1M), China ($41.7M), Germany ($27.7M), Austria ($16.1M), and Italy ($10.1M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Austria$7.1M (19%)
Slovenia$4.44M (40.9%)
Bulgaria$3M (92.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Serbia WERE (2021 - 2022):
Sweden-$830k (-53.3%)
Saudi Arabia-$613k (-99.6%)
Belarus-$524k (-96.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Electrical Transformers were:
In 2022, Serbia's main importing competitors in Electrical Transformers were:

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $12.8M
TOP IMPORT POTENTIALChina+ $30.4M

Electrical Transformers’s highest export potential is Germany. With an export gap of $12.8M.   Electrical Transformers’s highest import potential is China with an import gap of $30.4M.

See methodology.

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