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Exports In 2023, Serbia exported $40.1k in Hats, making it the 82nd largest exporter of Hats in the world. At the same year, Hats was the 1004th most exported product in Serbia. The main destination of Hats exports from Serbia are: Bosnia and Herzegovina ($12.2k), Germany ($5.61k), Montenegro ($5.42k), Russia ($4.86k), and Denmark ($4.13k).

The fastest growing export markets for Hats of Serbia between 2022 and 2023 were Bosnia and Herzegovina ($5.52k), Germany ($4.41k), and Denmark ($2.67k).

Imports In 2023, Serbia imported $470k in Hats, becoming the 77th largest importer of Hats in the world. At the same year, Hats was the 968th most imported product in Serbia. Serbia imports Hats primarily from: China ($275k), Poland ($37.7k), Hungary ($32.6k), Germany ($30.9k), and Croatia ($18.3k).

The fastest growing import markets in Hats for Serbia between 2022 and 2023 were China ($40.1k), Germany ($22.3k), and Croatia ($13.9k).

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 Hats. 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)$40.1k
IMPORTS (2023)$470k
NET TRADE (2023)-$430k

In 2023, Serbia exported $40.1k in Hats. The main destinations of Serbia exports on Hats were Bosnia and Herzegovina ($12.2k), Germany ($5.61k), Montenegro ($5.42k), Russia ($4.86k), and Denmark ($4.13k).

In 2023, Serbia imported $470k in Hats, mainly from China ($275k), Poland ($37.7k), Hungary ($32.6k), Germany ($30.9k), and Croatia ($18.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hats EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Germany$4.41k (368%)
Denmark$2.67k (183%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hats BY Serbia WERE (2022 - 2023):
Poland-$31.1k (-98.8%)
France-$5.1k (-98.6%)
Hungary-$4.36k (-89.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Hats were:
China $299M
Mexico $50.4M
Italy $25.4M
In 2023, Serbia's main importing competitors in Hats were:

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Trade Value of Hats by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALFrance+ $6.77k
TOP IMPORT POTENTIALChina+ $66k

Hats’s highest export potential is France. With an export gap of $6.77k.   Hats’s highest import potential is China with an import gap of $66k.

See methodology.

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