2018
Exports
$1.39MWorld Rnk 44 / 158
Flag Rnk 601 / 1165
2023
PRODUCT COMPLEXITY IN Metalworking Machines
1.85Rnk 8 / 1025
2018
Imports
$5.89MWorld Rnk 47 / 213
Flag Rnk 592 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2018, Serbia exported $1.39M in Metalworking Machines, making it the 44th largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 601st most exported product in Serbia. The main destination of Metalworking Machines exports from Serbia are: Spain ($527k), Italy ($279k), United States ($75.6k), Turkey ($72.4k), and Bosnia and Herzegovina ($65.5k).

The fastest growing export markets for Metalworking Machines of Serbia between 2022 and 2023 were Italy ($148k), United States ($75.6k), and Ireland ($44.9k).

Imports In 2023, Serbia imported $5.89M in Metalworking Machines, becoming the 47th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 592nd most imported product in Serbia. Serbia imports Metalworking Machines primarily from: China ($2.46M), Germany ($1M), Turkey ($701k), Italy ($583k), and Czechia ($231k).

The fastest growing import markets in Metalworking Machines for Serbia between 2022 and 2023 were China ($279k), Turkey ($266k), and Slovenia ($51.7k).

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 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 (2023)$1.39M
IMPORTS (2023)$5.89M
NET TRADE (2023)-$4.5M

In 2023, Serbia exported $1.39M in Metalworking Machines. The main destinations of Serbia exports on Metalworking Machines were Spain ($527k), Italy ($279k), United States ($75.6k), Turkey ($72.4k), and Bosnia and Herzegovina ($65.5k).

In 2023, Serbia imported $5.89M in Metalworking Machines, mainly from China ($2.46M), Germany ($1M), Turkey ($701k), Italy ($583k), and Czechia ($231k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Italy$148k (114%)
United States$75.6k (1%)
Ireland$44.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Serbia WERE (2022 - 2023):
Finland-$355k (-100%)
Hong Kong-$215k (-100%)
Poland-$114k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Metalworking Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $74.4k
TOP IMPORT POTENTIALGermany+ $422k

Metalworking Machines’s highest export potential is Italy. With an export gap of $74.4k.   Metalworking Machines’s highest import potential is Germany with an import gap of $422k.

See methodology.

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