2022
Exports
$33.6MWorld Rnk 31 / 206
Flag Rnk 159 / 1171
2022
PRODUCT COMPLEXITY IN Motor-working Tools
1.33Rnk 88 / 1025
2022
Imports
$22MWorld Rnk 58 / 224
Flag Rnk 322 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $33.6M in Motor-working Tools, making it the 31st largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 159th most exported product in Serbia. The main destination of Motor-working Tools exports from Serbia are: Slovenia ($23.6M), Bosnia and Herzegovina ($2.56M), Sweden ($1.69M), Montenegro ($1.34M), and Brazil ($1.01M).

The fastest growing export markets for Motor-working Tools of Serbia between 2021 and 2022 were Russia ($113k), Equatorial Guinea ($63.9k), and Turkey ($60.6k).

Imports In 2022, Serbia imported $22M 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 322nd most imported product in Serbia. Serbia imports Motor-working Tools primarily from: China ($7.51M), Sweden ($3.42M), Germany ($2.79M), Brazil ($1.83M), and United States ($946k).

The fastest growing import markets in Motor-working Tools for Serbia between 2021 and 2022 were United States ($249k), Greece ($148k), and Japan ($103k).

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 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 (2022)$33.6M
IMPORTS (2022)$22M
NET TRADE (2022)$11.6M

In 2022, Serbia exported $33.6M in Motor-working Tools. The main destinations of Serbia exports on Motor-working Tools were Slovenia ($23.6M), Bosnia and Herzegovina ($2.56M), Sweden ($1.69M), Montenegro ($1.34M), and Brazil ($1.01M).

In 2022, Serbia imported $22M in Motor-working Tools, mainly from China ($7.51M), Sweden ($3.42M), Germany ($2.79M), Brazil ($1.83M), and United States ($946k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Russia$113k (937%)
Equatorial Guinea$63.9k (49%)
Turkey$60.6k (193%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Serbia WERE (2021 - 2022):
Slovenia-$3.12M (-11.7%)
Brazil-$729k (-41.8%)
Bosnia and Herzegovina-$567k (-18.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Motor-working Tools were:
In 2022, 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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