2022
Exports
$79MWorld Rnk 40 / 171
Flag Rnk 82 / 1171
2022
PRODUCT COMPLEXITY IN Raw Sugar
-1.78Rnk 979 / 1025
2022
Imports
$17.4MWorld Rnk 127 / 224
Flag Rnk 371 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $79M in Raw Sugar, making it the 40th largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 82nd most exported product in Serbia. The main destination of Raw Sugar exports from Serbia are: Bulgaria ($36.3M), Croatia ($9.65M), Italy ($8.66M), North Macedonia ($5.52M), and Bosnia and Herzegovina ($5.45M).

The fastest growing export markets for Raw Sugar of Serbia between 2021 and 2022 were Bulgaria ($6.13M), Croatia ($4.41M), and Slovenia ($1.18M).

Imports In 2022, Serbia imported $17.4M in Raw Sugar, becoming the 127th largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 371st most imported product in Serbia. Serbia imports Raw Sugar primarily from: France ($3.8M), Bosnia and Herzegovina ($2.71M), Egypt ($2.04M), Austria ($1.84M), and Netherlands ($1.75M).

The fastest growing import markets in Raw Sugar for Serbia between 2021 and 2022 were Bosnia and Herzegovina ($2.71M), Egypt ($2.04M), and France ($1.63M).

Latest Trends

Jul 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 Raw Sugar. 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)$79M
IMPORTS (2022)$17.4M
NET TRADE (2022)$61.6M

In 2022, Serbia exported $79M in Raw Sugar. The main destinations of Serbia exports on Raw Sugar were Bulgaria ($36.3M), Croatia ($9.65M), Italy ($8.66M), North Macedonia ($5.52M), and Bosnia and Herzegovina ($5.45M).

In 2022, Serbia imported $17.4M in Raw Sugar, mainly from France ($3.8M), Bosnia and Herzegovina ($2.71M), Egypt ($2.04M), Austria ($1.84M), and Netherlands ($1.75M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Bulgaria$6.13M (20.3%)
Croatia$4.41M (84%)
Slovenia$1.18M (34%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Serbia WERE (2021 - 2022):
Greece-$10.8M (-68.1%)
Bosnia and Herzegovina-$10.2M (-65.1%)
Italy-$4.24M (-32.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Raw Sugar were:
Brazil $11.5B
India $6.03B
In 2022, Serbia's main importing competitors in Raw Sugar were:

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Trade Value of Raw Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $3.31M
TOP IMPORT POTENTIALGermany+ $567k

Raw Sugar’s highest export potential is Italy. With an export gap of $3.31M.   Raw Sugar’s highest import potential is Germany with an import gap of $567k.

See methodology.

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