2022
Exports
$7.69MWorld Rnk 40 / 174
Flag Rnk 344 / 1171
2022
PRODUCT COMPLEXITY IN Woodworking machines
1.28Rnk 96 / 1025
2022
Imports
$43.5MWorld Rnk 45 / 218
Flag Rnk 217 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $7.69M in Woodworking machines, making it the 40th largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 344th most exported product in Serbia. The main destination of Woodworking machines exports from Serbia are: Bosnia and Herzegovina ($3.43M), Montenegro ($1.06M), Croatia ($523k), Russia ($311k), and Slovenia ($232k).

The fastest growing export markets for Woodworking machines of Serbia between 2021 and 2022 were Montenegro ($482k), Russia ($224k), and Bosnia and Herzegovina ($224k).

Imports In 2022, Serbia imported $43.5M in Woodworking machines, becoming the 45th largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 217th most imported product in Serbia. Serbia imports Woodworking machines primarily from: Turkey ($9.77M), Germany ($8.95M), Italy ($8.63M), China ($4.87M), and Austria ($2.96M).

The fastest growing import markets in Woodworking machines for Serbia between 2021 and 2022 were Turkey ($3.54M), China ($2.49M), and Germany ($2.41M).

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 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 (2022)$7.69M
IMPORTS (2022)$43.5M
NET TRADE (2022)-$35.8M

In 2022, Serbia exported $7.69M in Woodworking machines. The main destinations of Serbia exports on Woodworking machines were Bosnia and Herzegovina ($3.43M), Montenegro ($1.06M), Croatia ($523k), Russia ($311k), and Slovenia ($232k).

In 2022, Serbia imported $43.5M in Woodworking machines, mainly from Turkey ($9.77M), Germany ($8.95M), Italy ($8.63M), China ($4.87M), and Austria ($2.96M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Montenegro$482k (84%)
Russia$224k (257%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY Serbia WERE (2021 - 2022):
Slovenia-$402k (-63.4%)
Hungary-$266k (-83.2%)
Italy-$169k (-64.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Woodworking machines were:
China $2.66B
Germany $1.99B
Italy $1.23B
In 2022, 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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