2023
Exports
$16.6MWorld Rnk 73 / 156
Flag Rnk 246 / 1165
2023
PRODUCT COMPLEXITY IN Raw Aluminium
-1.28Rnk 895 / 1025
2023
Imports
$215MWorld Rnk 41 / 186
Flag Rnk 28 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $16.6M in Raw Aluminium, making it the 73rd largest exporter of Raw Aluminium in the world. At the same year, Raw Aluminium was the 246th most exported product in Serbia. The main destination of Raw Aluminium exports from Serbia are: Slovakia ($6.42M), Germany ($2.64M), Hungary ($1.77M), Bosnia and Herzegovina ($1.68M), and Slovenia ($884k).

The fastest growing export markets for Raw Aluminium of Serbia between 2022 and 2023 were Hungary ($1.02M), Bosnia and Herzegovina ($963k), and Montenegro ($533k).

Imports In 2023, Serbia imported $215M in Raw Aluminium, becoming the 41st largest importer of Raw Aluminium in the world. At the same year, Raw Aluminium was the 28th most imported product in Serbia. Serbia imports Raw Aluminium primarily from: India ($36.9M), Germany ($35.7M), Austria ($30.4M), Greece ($25.8M), and United Arab Emirates ($20.3M).

The fastest growing import markets in Raw Aluminium for Serbia between 2022 and 2023 were United Arab Emirates ($19.6M), Germany ($19.4M), and Austria ($18.7M).

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 Raw Aluminium. 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)$16.6M
IMPORTS (2023)$215M
NET TRADE (2023)-$199M

In 2023, Serbia exported $16.6M in Raw Aluminium. The main destinations of Serbia exports on Raw Aluminium were Slovakia ($6.42M), Germany ($2.64M), Hungary ($1.77M), Bosnia and Herzegovina ($1.68M), and Slovenia ($884k).

In 2023, Serbia imported $215M in Raw Aluminium, mainly from India ($36.9M), Germany ($35.7M), Austria ($30.4M), Greece ($25.8M), and United Arab Emirates ($20.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Aluminium EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Hungary$1.02M (137%)
Montenegro$533k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Aluminium BY Serbia WERE (2022 - 2023):
Romania-$3.94M (-100%)
Slovakia-$1.03M (-13.9%)
Bulgaria-$378k (-35.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Raw Aluminium were:
In 2023, Serbia's main importing competitors in Raw Aluminium were:

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Trade Value of Raw Aluminium by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $2.64M
TOP IMPORT POTENTIALRussia+ $15.2M

Raw Aluminium’s highest export potential is Germany. With an export gap of $2.64M.   Raw Aluminium’s highest import potential is Russia with an import gap of $15.2M.

See methodology.

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