2022
Exports
$81.1MWorld Rnk 50 / 216
Flag Rnk 78 / 1171
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.9Rnk 10 / 1025
2022
Imports
$242MWorld Rnk 54 / 225
Flag Rnk 25 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $81.1M in Machinery Having Individual Functions, making it the 50th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 78th most exported product in Serbia. The main destination of Machinery Having Individual Functions exports from Serbia are: Germany ($20.1M), Italy ($10.3M), Croatia ($8.74M), Bosnia and Herzegovina ($4.24M), and Slovenia ($4.11M).

The fastest growing export markets for Machinery Having Individual Functions of Serbia between 2021 and 2022 were Croatia ($4.65M), Italy ($2.53M), and Montenegro ($1.37M).

Imports In 2022, Serbia imported $242M in Machinery Having Individual Functions, becoming the 54th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 25th most imported product in Serbia. Serbia imports Machinery Having Individual Functions primarily from: Germany ($55.5M), China ($36.6M), Italy ($23.6M), Slovenia ($11.2M), and Hungary ($11.1M).

The fastest growing import markets in Machinery Having Individual Functions for Serbia between 2021 and 2022 were Finland ($8.17M), Croatia ($5.87M), and France ($4.44M).

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 Machinery Having Individual Functions. 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)$81.1M
IMPORTS (2022)$242M
NET TRADE (2022)-$161M

In 2022, Serbia exported $81.1M in Machinery Having Individual Functions. The main destinations of Serbia exports on Machinery Having Individual Functions were Germany ($20.1M), Italy ($10.3M), Croatia ($8.74M), Bosnia and Herzegovina ($4.24M), and Slovenia ($4.11M).

In 2022, Serbia imported $242M in Machinery Having Individual Functions, mainly from Germany ($55.5M), China ($36.6M), Italy ($23.6M), Slovenia ($11.2M), and Hungary ($11.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Croatia$4.65M (114%)
Italy$2.53M (32.6%)
Montenegro$1.37M (58.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Serbia WERE (2021 - 2022):
North Macedonia-$2.93M (-52.9%)
China-$1.96M (-74.6%)
Ukraine-$1.17M (-76.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Machinery Having Individual Functions were:
In 2022, Serbia's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $8.56M
TOP IMPORT POTENTIALChina+ $13.4M

Machinery Having Individual Functions’s highest export potential is Germany. With an export gap of $8.56M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $13.4M.

See methodology.

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