2023
Exports
$28.7MWorld Rnk 30 / 199
Flag Rnk 183 / 1165
2023
PRODUCT COMPLEXITY IN Motor-working Tools
1.34Rnk 73 / 1025
2023
Imports
$19.9MWorld Rnk 58 / 225
Flag Rnk 339 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $28.7M in Motor-working Tools, making it the 30th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 183rd most exported product in Serbia. The main destination of Motor-working Tools exports from Serbia are: Slovenia ($18.3M), Bosnia and Herzegovina ($2.65M), Montenegro ($1.37M), Sweden ($1.32M), and Brazil ($978k).

The fastest growing export markets for Motor-working Tools of Serbia between 2022 and 2023 were Russia ($609k), China ($428k), and Italy ($427k).

Imports In 2023, Serbia imported $19.9M in Motor-working Tools, becoming the 58th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 339th most imported product in Serbia. Serbia imports Motor-working Tools primarily from: China ($7.21M), Sweden ($3.09M), Germany ($2.73M), United States ($813k), and Brazil ($786k).

The fastest growing import markets in Motor-working Tools for Serbia between 2022 and 2023 were Sweden ($2.35M), Germany ($325k), and Croatia ($188k).

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 Motor-working Tools. 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)$28.7M
IMPORTS (2023)$19.9M
NET TRADE (2023)$8.78M

In 2023, Serbia exported $28.7M in Motor-working Tools. The main destinations of Serbia exports on Motor-working Tools were Slovenia ($18.3M), Bosnia and Herzegovina ($2.65M), Montenegro ($1.37M), Sweden ($1.32M), and Brazil ($978k).

In 2023, Serbia imported $19.9M in Motor-working Tools, mainly from China ($7.21M), Sweden ($3.09M), Germany ($2.73M), United States ($813k), and Brazil ($786k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Russia$609k (488%)
China$428k (144%)
Italy$427k (442%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Serbia WERE (2022 - 2023):
Slovenia-$3.97M (-17.8%)
United States-$545k (-70.9%)
Brazil-$506k (-34.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Motor-working Tools were:
In 2023, Serbia's main importing competitors in Motor-working Tools were:

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Trade Value of Motor-working Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.16M
TOP IMPORT POTENTIALChina+ $6.54M

Motor-working Tools’s highest export potential is United States. With an export gap of $2.16M.   Motor-working Tools’s highest import potential is China with an import gap of $6.54M.

See methodology.

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