2022
Exports
$37.8MWorld Rnk 55 / 224
Flag Rnk 149 / 1171
2022
PRODUCT COMPLEXITY IN Valves
1.35Rnk 81 / 1025
2022
Imports
$164MWorld Rnk 67 / 224
Flag Rnk 51 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $37.8M in Valves, making it the 55th largest exporter of Valves in the world. At the same year, Valves was the 149th most exported product in Serbia. The main destination of Valves exports from Serbia are: Bosnia and Herzegovina ($6.06M), Russia ($3.63M), North Macedonia ($3.58M), Montenegro ($3.51M), and Croatia ($3.18M).

The fastest growing export markets for Valves of Serbia between 2021 and 2022 were Russia ($2.56M), Turkey ($1.24M), and Germany ($842k).

Imports In 2022, Serbia imported $164M in Valves, becoming the 67th largest importer of Valves in the world. At the same year, Valves was the 51st most imported product in Serbia. Serbia imports Valves primarily from: China ($34.2M), Germany ($32.9M), Italy ($25.7M), Slovenia ($7.7M), and Poland ($7.42M).

The fastest growing import markets in Valves for Serbia between 2021 and 2022 were Germany ($5.37M), China ($3.38M), and Croatia ($2.1M).

Latest Trends

Oct 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 Valves. 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)$37.8M
IMPORTS (2022)$164M
NET TRADE (2022)-$126M

In 2022, Serbia exported $37.8M in Valves. The main destinations of Serbia exports on Valves were Bosnia and Herzegovina ($6.06M), Russia ($3.63M), North Macedonia ($3.58M), Montenegro ($3.51M), and Croatia ($3.18M).

In 2022, Serbia imported $164M in Valves, mainly from China ($34.2M), Germany ($32.9M), Italy ($25.7M), Slovenia ($7.7M), and Poland ($7.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Russia$2.56M (239%)
Turkey$1.24M (275%)
Germany$842k (46%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Serbia WERE (2021 - 2022):
Hungary-$2.08M (-61.4%)
North Macedonia-$934k (-20.7%)
Belarus-$674k (-87.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Valves were:
In 2022, Serbia's main importing competitors in Valves were:

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.04M
TOP IMPORT POTENTIALChina+ $16.6M

Valves’s highest export potential is Germany. With an export gap of $4.04M.   Valves’s highest import potential is China with an import gap of $16.6M.

See methodology.

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