2022
Exports
$8.55MWorld Rnk 43 / 165
Flag Rnk 327 / 1171
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$45.7MWorld Rnk 38 / 211
Flag Rnk 208 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $8.55M in Forging Machines, making it the 43rd largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 327th most exported product in Serbia. The main destination of Forging Machines exports from Serbia are: Bosnia and Herzegovina ($1.83M), Hungary ($868k), Germany ($725k), Slovenia ($541k), and Italy ($497k).

The fastest growing export markets for Forging Machines of Serbia between 2021 and 2022 were Bosnia and Herzegovina ($999k), Hungary ($414k), and Slovenia ($398k).

Imports In 2022, Serbia imported $45.7M in Forging Machines, becoming the 38th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 208th most imported product in Serbia. Serbia imports Forging Machines primarily from: China ($8.6M), Germany ($7.22M), United States ($5.08M), Turkey ($4.47M), and Italy ($4.42M).

The fastest growing import markets in Forging Machines for Serbia between 2021 and 2022 were United States ($5M), Brazil ($3.6M), and Austria ($724k).

Latest Trends

Aug 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 Forging Machines. 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)$8.55M
IMPORTS (2022)$45.7M
NET TRADE (2022)-$37.2M

In 2022, Serbia exported $8.55M in Forging Machines. The main destinations of Serbia exports on Forging Machines were Bosnia and Herzegovina ($1.83M), Hungary ($868k), Germany ($725k), Slovenia ($541k), and Italy ($497k).

In 2022, Serbia imported $45.7M in Forging Machines, mainly from China ($8.6M), Germany ($7.22M), United States ($5.08M), Turkey ($4.47M), and Italy ($4.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Hungary$414k (91.1%)
Slovenia$398k (279%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Serbia WERE (2021 - 2022):
Croatia-$862k (-70.9%)
Algeria-$615k (-99.3%)
Romania-$466k (-48.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Serbia's main importing competitors in Forging Machines were:

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $633k
TOP IMPORT POTENTIALChina+ $1.71M

Forging Machines’s highest export potential is Germany. With an export gap of $633k.   Forging Machines’s highest import potential is China with an import gap of $1.71M.

See methodology.

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