2023
Exports
$8.28MWorld Rnk 40 / 177
Flag Rnk 353 / 1165
2023
PRODUCT COMPLEXITY IN Woodworking machines
1.29Rnk 81 / 1025
2023
Imports
$38.6MWorld Rnk 44 / 217
Flag Rnk 221 / 1188
2023
ECONOMIC COMPLEXITY of Serbia
0.76Rnk 35 / 132

About

Exports In 2023, Serbia exported $8.28M in Woodworking machines, making it the 40th largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 353rd most exported product in Serbia. The main destination of Woodworking machines exports from Serbia are: Bosnia and Herzegovina ($2.07M), Montenegro ($1.14M), Russia ($573k), Kenya ($382k), and Slovenia ($363k).

The fastest growing export markets for Woodworking machines of Serbia between 2022 and 2023 were Bosnia and Herzegovina ($405k), Kenya ($382k), and Poland ($288k).

Imports In 2023, Serbia imported $38.6M in Woodworking machines, becoming the 44th largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 221st most imported product in Serbia. Serbia imports Woodworking machines primarily from: Italy ($10.8M), Germany ($5.96M), China ($4.33M), Austria ($3.96M), and Turkey ($3.57M).

The fastest growing import markets in Woodworking machines for Serbia between 2022 and 2023 were Italy ($2.98M), Austria ($1.53M), and North Macedonia ($610k).

Latest Trends

Dec 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 Woodworking machines. 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)$8.28M
IMPORTS (2023)$38.6M
NET TRADE (2023)-$30.3M

In 2023, Serbia exported $8.28M in Woodworking machines. The main destinations of Serbia exports on Woodworking machines were Bosnia and Herzegovina ($2.07M), Montenegro ($1.14M), Russia ($573k), Kenya ($382k), and Slovenia ($363k).

In 2023, Serbia imported $38.6M in Woodworking machines, mainly from Italy ($10.8M), Germany ($5.96M), China ($4.33M), Austria ($3.96M), and Turkey ($3.57M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR Serbia WERE (2022 - 2023):
Kenya$382k (1%)
Poland$288k (423%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY Serbia WERE (2022 - 2023):
Australia-$156k (-61.9%)
Austria-$120k (-55.2%)
Croatia-$75k (-18.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Serbia's main exporting competitors in Woodworking machines were:
China $2.22B
Germany $1.75B
Italy $1.23B
In 2023, Serbia's main importing competitors in Woodworking machines were:

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Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $359k
TOP IMPORT POTENTIALChina+ $2.57M

Woodworking machines’s highest export potential is Russia. With an export gap of $359k.   Woodworking machines’s highest import potential is China with an import gap of $2.57M.

See methodology.

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