2023
Exports
$412MWorld Rnk 51 / 214
Flag Rnk 12 / 1165
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$1.29BWorld Rnk 52 / 226
Flag Rnk 3 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $412M in Packaged Medicaments, making it the 51st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 12th most exported product in Serbia. The main destination of Packaged Medicaments exports from Serbia are: Germany ($122M), Russia ($59.9M), Montenegro ($30.3M), Bosnia and Herzegovina ($23.6M), and France ($19.2M).

The fastest growing export markets for Packaged Medicaments of Serbia between 2022 and 2023 were Germany ($33.4M), Spain ($4.77M), and Ireland ($4.46M).

Imports In 2023, Serbia imported $1.29B in Packaged Medicaments, becoming the 52nd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most imported product in Serbia. Serbia imports Packaged Medicaments primarily from: Germany ($207M), Slovenia ($166M), Switzerland ($155M), Hungary ($123M), and France ($116M).

The fastest growing import markets in Packaged Medicaments for Serbia between 2022 and 2023 were Switzerland ($67.4M), Hungary ($14.1M), and Slovenia ($13.1M).

Latest Trends

Dec 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 Packaged Medicaments. 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)$412M
IMPORTS (2023)$1.29B
NET TRADE (2023)-$876M

In 2023, Serbia exported $412M in Packaged Medicaments. The main destinations of Serbia exports on Packaged Medicaments were Germany ($122M), Russia ($59.9M), Montenegro ($30.3M), Bosnia and Herzegovina ($23.6M), and France ($19.2M).

In 2023, Serbia imported $1.29B in Packaged Medicaments, mainly from Germany ($207M), Slovenia ($166M), Switzerland ($155M), Hungary ($123M), and France ($116M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Germany$33.4M (37.7%)
Spain$4.77M (74.1%)
Ireland$4.46M (95.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Serbia WERE (2022 - 2023):
Romania-$6.79M (-52.3%)
Russia-$3.23M (-5.12%)
Iraq-$1.74M (-49.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Packaged Medicaments were:
In 2023, Serbia's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $46.2M
TOP IMPORT POTENTIALGermany+ $61.7M

Packaged Medicaments’s highest export potential is Germany. With an export gap of $46.2M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $61.7M.

See methodology.

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