2023
Exports
$39MWorld Rnk 19 / 197
Flag Rnk 141 / 1165
2023
PRODUCT COMPLEXITY IN Water
-0.14Rnk 602 / 1025
2023
Imports
$6.85MWorld Rnk 68 / 226
Flag Rnk 564 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $39M in Water, making it the 19th largest exporter of Water in the world. At the same year, Water was the 141st most exported product in Serbia. The main destination of Water exports from Serbia are: Montenegro ($13.3M), North Macedonia ($10.2M), Bosnia and Herzegovina ($9.02M), Bulgaria ($1.28M), and Russia ($1.12M).

The fastest growing export markets for Water of Serbia between 2022 and 2023 were North Macedonia ($3.13M), Montenegro ($2.53M), and Bosnia and Herzegovina ($1.64M).

Imports In 2023, Serbia imported $6.85M in Water, becoming the 68th largest importer of Water in the world. At the same year, Water was the 564th most imported product in Serbia. Serbia imports Water primarily from: Albania ($2.03M), Croatia ($1.44M), Slovenia ($1.42M), Italy ($394k), and North Macedonia ($284k).

The fastest growing import markets in Water for Serbia between 2022 and 2023 were Albania ($1.1M), Slovenia ($272k), and Croatia ($174k).

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 Water. 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)$39M
IMPORTS (2023)$6.85M
NET TRADE (2023)$32.1M

In 2023, Serbia exported $39M in Water. The main destinations of Serbia exports on Water were Montenegro ($13.3M), North Macedonia ($10.2M), Bosnia and Herzegovina ($9.02M), Bulgaria ($1.28M), and Russia ($1.12M).

In 2023, Serbia imported $6.85M in Water, mainly from Albania ($2.03M), Croatia ($1.44M), Slovenia ($1.42M), Italy ($394k), and North Macedonia ($284k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Water EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
North Macedonia$3.13M (44.6%)
Montenegro$2.53M (23.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Water BY Serbia WERE (2022 - 2023):
Saudi Arabia-$363k (-81.4%)
Qatar-$123k (-41.1%)
Bahrain-$96.3k (-67%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Water were:
France $1.15B
Italy $896M
China $715M
In 2023, Serbia's main importing competitors in Water were:

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Trade Value of Water by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $351k
TOP IMPORT POTENTIALItaly+ $387k

Water’s highest export potential is United States. With an export gap of $351k.   Water’s highest import potential is Italy with an import gap of $387k.

See methodology.

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