2023
Exports
$24.2MWorld Rnk 42 / 199
Flag Rnk 210 / 1165
2023
PRODUCT COMPLEXITY IN Metalworking Machine Parts
1.42Rnk 61 / 1025
2023
Imports
$44.6MWorld Rnk 48 / 218
Flag Rnk 206 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $24.2M in Metalworking Machine Parts, making it the 42nd largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 210th most exported product in Serbia. The main destination of Metalworking Machine Parts exports from Serbia are: Italy ($7.23M), Germany ($6.68M), Slovenia ($1.53M), Austria ($1.44M), and Russia ($1.03M).

The fastest growing export markets for Metalworking Machine Parts of Serbia between 2022 and 2023 were Italy ($944k), Russia ($254k), and Canada ($234k).

Imports In 2018, Serbia imported $44.6M in Metalworking Machine Parts, becoming the 48th largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 206th most imported product in Serbia. Serbia imports Metalworking Machine Parts primarily from: China ($12.7M), Italy ($11.5M), Germany ($7.55M), Switzerland ($1.41M), and Slovenia ($1.33M).

The fastest growing import markets in Metalworking Machine Parts for Serbia between 2022 and 2023 were Italy ($7.36M), Germany ($2.47M), and China ($1.96M).

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 Metalworking Machine Parts. 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)$24.2M
IMPORTS (2023)$44.6M
NET TRADE (2023)-$20.5M

In 2023, Serbia exported $24.2M in Metalworking Machine Parts. The main destinations of Serbia exports on Metalworking Machine Parts were Italy ($7.23M), Germany ($6.68M), Slovenia ($1.53M), Austria ($1.44M), and Russia ($1.03M).

In 2023, Serbia imported $44.6M in Metalworking Machine Parts, mainly from China ($12.7M), Italy ($11.5M), Germany ($7.55M), Switzerland ($1.41M), and Slovenia ($1.33M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Italy$944k (15%)
Russia$254k (32.9%)
Canada$234k (1.39k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Serbia WERE (2022 - 2023):
Germany-$2.21M (-24.8%)
Austria-$1.6M (-52.6%)
Slovenia-$647k (-29.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Metalworking Machine Parts were:
In 2023, Serbia's main importing competitors in Metalworking Machine Parts were:

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Trade Value of Metalworking Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.45M
TOP IMPORT POTENTIALGermany+ $2.52M

Metalworking Machine Parts’s highest export potential is Germany. With an export gap of $2.45M.   Metalworking Machine Parts’s highest import potential is Germany with an import gap of $2.52M.

See methodology.

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