2023
Exports
$25.1MWorld Rnk 35 / 188
Flag Rnk 207 / 1165
2023
PRODUCT COMPLEXITY IN Wine
-1.07Rnk 849 / 1025
2023
Imports
$61.6MWorld Rnk 52 / 226
Flag Rnk 156 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $25.1M in Wine, making it the 35th largest exporter of Wine in the world. At the same year, Wine was the 207th most exported product in Serbia. The main destination of Wine exports from Serbia are: Russia ($8.58M), Bosnia and Herzegovina ($4.94M), Montenegro ($2.77M), Croatia ($1.94M), and China ($1.38M).

The fastest growing export markets for Wine of Serbia between 2022 and 2023 were Russia ($942k), Albania ($699k), and Slovenia ($517k).

Imports In 2023, Serbia imported $61.6M in Wine, becoming the 52nd largest importer of Wine in the world. At the same year, Wine was the 156th most imported product in Serbia. Serbia imports Wine primarily from: North Macedonia ($26.9M), France ($10.2M), Montenegro ($8.07M), Italy ($7.84M), and Spain ($1.29M).

The fastest growing import markets in Wine for Serbia between 2022 and 2023 were North Macedonia ($4M), France ($3.9M), and Montenegro ($976k).

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 Wine. 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)$25.1M
IMPORTS (2023)$61.6M
NET TRADE (2023)-$36.5M

In 2023, Serbia exported $25.1M in Wine. The main destinations of Serbia exports on Wine were Russia ($8.58M), Bosnia and Herzegovina ($4.94M), Montenegro ($2.77M), Croatia ($1.94M), and China ($1.38M).

In 2023, Serbia imported $61.6M in Wine, mainly from North Macedonia ($26.9M), France ($10.2M), Montenegro ($8.07M), Italy ($7.84M), and Spain ($1.29M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wine EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Russia$942k (12.3%)
Albania$699k (3.68M%)
Slovenia$517k (628%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wine BY Serbia WERE (2022 - 2023):
Croatia-$1.18M (-37.9%)
China-$215k (-13.5%)
United States-$98.7k (-13.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Wine were:
France $13.6B
Italy $8.73B
Spain $3.78B
In 2023, Serbia's main importing competitors in Wine were:

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Trade Value of Wine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.91M
TOP IMPORT POTENTIALFrance+ $4.24M

Wine’s highest export potential is China. With an export gap of $1.91M.   Wine’s highest import potential is France with an import gap of $4.24M.

See methodology.

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