2022
Exports
$367MWorld Rnk 51 / 217
Flag Rnk 13 / 1171
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$1.18BWorld Rnk 51 / 224
Flag Rnk 4 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $367M in Packaged Medicaments, making it the 51st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 13th most exported product in Serbia. The main destination of Packaged Medicaments exports from Serbia are: Germany ($89.6M), Russia ($63.1M), Montenegro ($39M), Bosnia and Herzegovina ($26.5M), and Italy ($14.8M).

The fastest growing export markets for Packaged Medicaments of Serbia between 2021 and 2022 were Germany ($15.6M), Italy ($5.68M), and Montenegro ($5.48M).

Imports In 2022, Serbia imported $1.18B in Packaged Medicaments, becoming the 51st largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Serbia. Serbia imports Packaged Medicaments primarily from: Germany ($241M), Slovenia ($161M), Hungary ($126M), France ($96.8M), and Switzerland ($73.3M).

The fastest growing import markets in Packaged Medicaments for Serbia between 2021 and 2022 were Germany ($113M), Slovenia ($33.2M), and Italy ($27.9M).

Latest Trends

Aug 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 (2022)$367M
IMPORTS (2022)$1.18B
NET TRADE (2022)-$812M

In 2022, Serbia exported $367M in Packaged Medicaments. The main destinations of Serbia exports on Packaged Medicaments were Germany ($89.6M), Russia ($63.1M), Montenegro ($39M), Bosnia and Herzegovina ($26.5M), and Italy ($14.8M).

In 2022, Serbia imported $1.18B in Packaged Medicaments, mainly from Germany ($241M), Slovenia ($161M), Hungary ($126M), France ($96.8M), and Switzerland ($73.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Germany$15.6M (21%)
Italy$5.68M (62.2%)
Montenegro$5.48M (16.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Serbia WERE (2021 - 2022):
Russia-$5.22M (-7.64%)
Ukraine-$2.61M (-50.9%)
Iraq-$719k (-16.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Packaged Medicaments were:
In 2022, 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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