2022
Exports
$21.1MWorld Rnk 44 / 199
Flag Rnk 223 / 1171
2022
PRODUCT COMPLEXITY IN Metalworking Machine Parts
1.64Rnk 34 / 1025
2022
Imports
$37.7MWorld Rnk 52 / 220
Flag Rnk 231 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $21.1M in Metalworking Machine Parts, making it the 44th largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 223rd most exported product in Serbia. The main destination of Metalworking Machine Parts exports from Serbia are: Germany ($8.78M), Austria ($3.22M), Italy ($2M), Bosnia and Herzegovina ($991k), and Russia ($771k).

The fastest growing export markets for Metalworking Machine Parts of Serbia between 2021 and 2022 were Austria ($1.66M), Germany ($812k), and Russia ($556k).

Imports In 2022, Serbia imported $37.7M in Metalworking Machine Parts, becoming the 52nd largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 231st most imported product in Serbia. Serbia imports Metalworking Machine Parts primarily from: China ($9.08M), Germany ($6.35M), Italy ($4.54M), Croatia ($2.69M), and Slovenia ($1.86M).

The fastest growing import markets in Metalworking Machine Parts for Serbia between 2021 and 2022 were China ($2.88M), United Kingdom ($974k), and Croatia ($652k).

Latest Trends

Sep 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 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 (2022)$21.1M
IMPORTS (2022)$37.7M
NET TRADE (2022)-$16.6M

In 2022, Serbia exported $21.1M in Metalworking Machine Parts. The main destinations of Serbia exports on Metalworking Machine Parts were Germany ($8.78M), Austria ($3.22M), Italy ($2M), Bosnia and Herzegovina ($991k), and Russia ($771k).

In 2022, Serbia imported $37.7M in Metalworking Machine Parts, mainly from China ($9.08M), Germany ($6.35M), Italy ($4.54M), Croatia ($2.69M), and Slovenia ($1.86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Austria$1.66M (106%)
Germany$812k (10.2%)
Russia$556k (258%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Serbia WERE (2021 - 2022):
Algeria-$1.62M (-99.9%)
North Macedonia-$546k (-50.3%)
Slovenia-$343k (-39.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Metalworking Machine Parts were:
In 2022, 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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