2023
Exports
$120MWorld Rnk 51 / 223
Flag Rnk 58 / 1165
2023
PRODUCT COMPLEXITY IN Electrical Transformers
0.68Rnk 293 / 1025
2023
Imports
$261MWorld Rnk 59 / 225
Flag Rnk 18 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $120M in Electrical Transformers, making it the 51st largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 58th most exported product in Serbia. The main destination of Electrical Transformers exports from Serbia are: Austria ($36.3M), Slovenia ($21M), Bulgaria ($8.98M), Germany ($8.65M), and Bosnia and Herzegovina ($4.54M).

The fastest growing export markets for Electrical Transformers of Serbia between 2022 and 2023 were Slovenia ($5.53M), Bulgaria ($2.78M), and Romania ($2.41M).

Imports In 2023, Serbia imported $261M in Electrical Transformers, becoming the 59th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 18th most imported product in Serbia. Serbia imports Electrical Transformers primarily from: Czechia ($66.4M), China ($57.8M), Denmark ($22.1M), Germany ($15.4M), and Austria ($15.1M).

The fastest growing import markets in Electrical Transformers for Serbia between 2022 and 2023 were Czechia ($9.08M), Italy ($4.71M), and Bulgaria ($4.09M).

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 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 (2023)$120M
IMPORTS (2023)$261M
NET TRADE (2023)-$140M

In 2023, Serbia exported $120M in Electrical Transformers. The main destinations of Serbia exports on Electrical Transformers were Austria ($36.3M), Slovenia ($21M), Bulgaria ($8.98M), Germany ($8.65M), and Bosnia and Herzegovina ($4.54M).

In 2023, Serbia imported $261M in Electrical Transformers, mainly from Czechia ($66.4M), China ($57.8M), Denmark ($22.1M), Germany ($15.4M), and Austria ($15.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Slovenia$5.53M (35.8%)
Bulgaria$2.78M (44.7%)
Romania$2.41M (263%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Serbia WERE (2022 - 2023):
Germany-$4.7M (-35.2%)
Austria-$3.27M (-8.26%)
Finland-$2.17M (-42.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Electrical Transformers were:
China $51.9B
Germany $12.8B
Mexico $6.34B
In 2023, 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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