2023
Exports
$16.3MWorld Rnk 24 / 105
Flag Rnk 248 / 1165
2023
PRODUCT COMPLEXITY IN Prepared Explosives
-0.95Rnk 814 / 1025
2023
Imports
$11MWorld Rnk 32 / 170
Flag Rnk 456 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $16.3M in Prepared Explosives, making it the 24th largest exporter of Prepared Explosives in the world. At the same year, Prepared Explosives was the 248th most exported product in Serbia. The main destination of Prepared Explosives exports from Serbia are: Bulgaria ($4.48M), Turkey ($2.55M), Czechia ($2.35M), Montenegro ($1.9M), and North Macedonia ($1.79M).

The fastest growing export markets for Prepared Explosives of Serbia between 2022 and 2023 were Czechia ($2.03M), Romania ($1.24M), and Bosnia and Herzegovina ($639k).

Imports In 2023, Serbia imported $11M in Prepared Explosives, becoming the 32nd largest importer of Prepared Explosives in the world. At the same year, Prepared Explosives was the 456th most imported product in Serbia. Serbia imports Prepared Explosives primarily from: Italy ($3.91M), Croatia ($1.83M), Albania ($1.55M), Switzerland ($1.11M), and Montenegro ($789k).

The fastest growing import markets in Prepared Explosives for Serbia between 2022 and 2023 were Albania ($1.55M), Italy ($953k), and Montenegro ($677k).

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 Prepared Explosives. 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)$16.3M
IMPORTS (2023)$11M
NET TRADE (2023)$5.26M

In 2023, Serbia exported $16.3M in Prepared Explosives. The main destinations of Serbia exports on Prepared Explosives were Bulgaria ($4.48M), Turkey ($2.55M), Czechia ($2.35M), Montenegro ($1.9M), and North Macedonia ($1.79M).

In 2023, Serbia imported $11M in Prepared Explosives, mainly from Italy ($3.91M), Croatia ($1.83M), Albania ($1.55M), Switzerland ($1.11M), and Montenegro ($789k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Prepared Explosives EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Czechia$2.03M (638%)
Romania$1.24M (860k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Prepared Explosives BY Serbia WERE (2022 - 2023):
United States-$921k (-100%)
Turkey-$693k (-21.4%)
Italy-$126k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Prepared Explosives were:
In 2023, Serbia's main importing competitors in Prepared Explosives were:

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Trade Value of Prepared Explosives by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $523k
TOP IMPORT POTENTIALSpain+ $57k

Prepared Explosives’s highest export potential is United States. With an export gap of $523k.   Prepared Explosives’s highest import potential is Spain with an import gap of $57k.

See methodology.

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