2022
Exports
$93.7MWorld Rnk 41 / 209
Flag Rnk 68 / 1171
2022
PRODUCT COMPLEXITY IN Other Heating Machinery
1.15Rnk 116 / 1025
2022
Imports
$81.3MWorld Rnk 66 / 225
Flag Rnk 123 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $93.7M in Other Heating Machinery, making it the 41st largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 68th most exported product in Serbia. The main destination of Other Heating Machinery exports from Serbia are: France ($19.8M), Italy ($16.6M), Sweden ($12M), Poland ($10.9M), and Germany ($10.6M).

The fastest growing export markets for Other Heating Machinery of Serbia between 2021 and 2022 were France ($7.52M), Germany ($3.56M), and Italy ($2.46M).

Imports In 2022, Serbia imported $81.3M in Other Heating Machinery, becoming the 66th largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 123rd most imported product in Serbia. Serbia imports Other Heating Machinery primarily from: Italy ($17.7M), Germany ($12.8M), China ($7.69M), Netherlands ($5.73M), and Slovenia ($4.17M).

The fastest growing import markets in Other Heating Machinery for Serbia between 2021 and 2022 were Netherlands ($2.55M), Italy ($2.34M), and Bulgaria ($2.19M).

Latest Trends

Oct 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 Other Heating 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 (2022)$93.7M
IMPORTS (2022)$81.3M
NET TRADE (2022)$12.4M

In 2022, Serbia exported $93.7M in Other Heating Machinery. The main destinations of Serbia exports on Other Heating Machinery were France ($19.8M), Italy ($16.6M), Sweden ($12M), Poland ($10.9M), and Germany ($10.6M).

In 2022, Serbia imported $81.3M in Other Heating Machinery, mainly from Italy ($17.7M), Germany ($12.8M), China ($7.69M), Netherlands ($5.73M), and Slovenia ($4.17M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
France$7.52M (61.4%)
Germany$3.56M (50.8%)
Italy$2.46M (17.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY Serbia WERE (2021 - 2022):
Hungary-$828k (-42.6%)
North Macedonia-$749k (-55.5%)
Ukraine-$516k (-91.8%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Type
In 2022, Serbia's main exporting competitors in Other Heating Machinery were:
In 2022, Serbia's main importing competitors in Other Heating Machinery were:

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Trade Value of Other Heating Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $8.31M
TOP IMPORT POTENTIALChina+ $5.84M

Other Heating Machinery’s highest export potential is Germany. With an export gap of $8.31M.   Other Heating Machinery’s highest import potential is China with an import gap of $5.84M.

See methodology.

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