2023
Exports
$16.5MWorld Rnk 58 / 217
Flag Rnk 247 / 1165
2023
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.46Rnk 52 / 1025
2023
Imports
$85.2MWorld Rnk 59 / 225
Flag Rnk 108 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $16.5M in Other Electrical Machinery, making it the 58th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 247th most exported product in Serbia. The main destination of Other Electrical Machinery exports from Serbia are: Germany ($3.67M), Bosnia and Herzegovina ($1.79M), Austria ($1.7M), United States ($1.2M), and Montenegro ($1.1M).

The fastest growing export markets for Other Electrical Machinery of Serbia between 2022 and 2023 were Austria ($1.26M), Germany ($981k), and United States ($692k).

Imports In 2018, Serbia imported $85.2M in Other Electrical Machinery, becoming the 59th largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 108th most imported product in Serbia. Serbia imports Other Electrical Machinery primarily from: Germany ($35.9M), China ($28.4M), Turkey ($2.92M), Switzerland ($2.22M), and Croatia ($1.86M).

The fastest growing import markets in Other Electrical Machinery for Serbia between 2022 and 2023 were Germany ($23.4M), Turkey ($1.61M), and Slovenia ($721k).

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 Other Electrical Machinery. 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)$16.5M
IMPORTS (2023)$85.2M
NET TRADE (2023)-$68.7M

In 2023, Serbia exported $16.5M in Other Electrical Machinery. The main destinations of Serbia exports on Other Electrical Machinery were Germany ($3.67M), Bosnia and Herzegovina ($1.79M), Austria ($1.7M), United States ($1.2M), and Montenegro ($1.1M).

In 2023, Serbia imported $85.2M in Other Electrical Machinery, mainly from Germany ($35.9M), China ($28.4M), Turkey ($2.92M), Switzerland ($2.22M), and Croatia ($1.86M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Austria$1.26M (280%)
Germany$981k (36.5%)
United States$692k (135%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Serbia WERE (2022 - 2023):
Slovenia-$685k (-69.8%)
Australia-$176k (-83.8%)
United Kingdom-$105k (-30.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Other Electrical Machinery were:
In 2023, Serbia's main importing competitors in Other Electrical Machinery were:

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.8M
TOP IMPORT POTENTIALChina+ $9.92M

Other Electrical Machinery’s highest export potential is Germany. With an export gap of $1.8M.   Other Electrical Machinery’s highest import potential is China with an import gap of $9.92M.

See methodology.

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