Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2022
Timeseries: 194 million
Source:TrendEconomy
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Serbia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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2012
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2023
TOTAL. ALL COMMODITIESSerbiaWorldExportsValue (US$)11,229,030,695.0014,610,779,427.0014,843,348,443.0013,378,933,798.0014,851,777,129.0016,959,040,119.0019,239,126,973.0019,633,048,518.0019,500,829,540.0025,566,160,915.0029,059,511,715.0030,934,596,154.00
Value Growth, YoY (%)-4.6730.111.59-9.8611.0014.1813.442.04-0.6731.1013.666.45
ImportsValue (US$)18,924,891,223.0020,550,989,938.0020,608,584,765.0018,210,171,281.0019,230,912,776.0022,146,377,217.0025,882,635,269.0026,730,093,636.0026,228,037,382.0033,793,017,446.0041,143,747,552.0039,827,593,654.00
Value Growth, YoY (%)-4.718.590.28-11.635.6015.1616.873.27-1.8728.8421.75-3.19

The value of merchandise exports from Serbia totalled $ 30 billion in 2023. Merchandise exports from Serbia increased by 6.45% compared to 2022. Goods exports grew up by $ 1.87 billion in 2023 (the value of merchandise exports from Serbia amounted to $29 billion in 2022)

Serbia's exports 2023 by country

Top export destinations of commodities from Serbia in 2023:

  • Germany with a share of 15% (4.66 billion US$)
  • Bosnia and Herzegovina with a share of 6.87% (2.12 billion US$)
  • Italy with a share of 6.18% (1.91 billion US$)
  • Hungary with a share of 5.45% (1.68 billion US$)
  • Romania with a share of 5.04% (1.56 billion US$)
  • Montenegro with a share of 4.27% (1.32 billion US$)
  • China with a share of 4% (1.23 billion US$)
  • Russia with a share of 3.86% (1.19 billion US$)
  • Czech Republic with a share of 3.78% (1.17 billion US$)
  • Croatia with a share of 3.62% (1.12 billion US$)

Exports structure from Serbia in 2023 represented by the following main commodity groups:

  • 16.5% (5.1 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 8.55% (2.64 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.07% (1.88 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 5.01% (1.55 billion US$): 26 - Ores, slag and ash
  • 4.23% (1.3 billion US$): 39 - Plastics and articles thereof
  • 4.17% (1.29 billion US$): 40 - Rubber and articles thereof
  • 3.86% (1.19 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.25% (1 billion US$): 94 - Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, n.e.s.; illuminated signs, illuminated name-plates and the like; prefabricated buildings
  • 2.7% (837 million US$): 74 - Copper and articles thereof
  • 2.64% (817 million US$): 73 - Articles of iron or steel

What did Serbia export in 2023?

Serbia's Top Exports in 2023:

  • 7% ($2.16 billion): 8544 - Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors
  • 4.73% ($1.46 billion): 2603 - Copper ores and concentrates
  • 4.44% ($1.37 billion): 2716 - Electrical energy. (optional heading)
  • 3.08% ($953 million): 8501 - Electric motors and generators (excluding generating sets).
  • 2.88% ($893 million): 4011 - New pneumatic tyres, of rubber
  • 2.49% ($772 million): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05
  • 1.67% ($516 million): 0811 - Fruit and nuts, uncooked or cooked by steaming or boiling in water, frozen, whether or not containing added sugar or other sweetening matter
  • 1.63% ($506 million): 7403 - Refined copper and copper alloys, unwrought.
  • 1.58% ($488 million): 9401 - Seats (other than those of heading 94.02), whether or not convertible into beds, and parts thereof
  • 1.46% ($453 million): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils

The value of merchandise imports to Serbia totalled $ 39 billion in 2023. Overall commodity imports to Serbia decreased by 3.19% compared to 2022. Merchandise imports decreased by $ 1.31 billion (the value of merchandise imports to Serbia was equal to $41 billion in 2022)

Serbia's imports 2023 by country

Top trading partners (import sources) of Serbia in 2023:

  • Germany with a share of 13% (5.21 billion US$)
  • China with a share of 12.2% (4.86 billion US$)
  • Italy with a share of 7.28% (2.9 billion US$)
  • Turkey with a share of 4.69% (1.87 billion US$)
  • Russia with a share of 4.33% (1.72 billion US$)
  • Hungary with a share of 4.16% (1.65 billion US$)
  • Poland with a share of 3.2% (1.27 billion US$)
  • Romania with a share of 2.95% (1.17 billion US$)
  • France with a share of 2.84% (1.13 billion US$)
  • Bosnia and Herzegovina with a share of 2.78% (1.1 billion US$)

Imports structure to Serbia in 2023 represented by the following main commodity groups:

  • 13.9% (5.55 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 12.5% (4.99 billion US$): 99 - Commodities not specified according to kind
  • 9.64% (3.84 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 8.64% (3.44 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 5.17% (2.06 billion US$): 39 - Plastics and articles thereof
  • 4.82% (1.92 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.87% (1.54 billion US$): 30 - Pharmaceutical products
  • 2.59% (1.03 billion US$): 73 - Articles of iron or steel
  • 2.37% (943 million US$): 72 - Iron and steel
  • 2.04% (814 million US$): 76 - Aluminum and articles thereof

What did Serbia import in 2023?

Serbia's Top Imports in 2023:

  • 4.86% ($1.93 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 3.5% ($1.39 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 3.15% ($1.25 billion): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 2.16% ($860 million): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 2.11% ($843 million): 2716 - Electrical energy. (optional heading)
  • 1.53% ($611 million): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 1.44% ($575 million): 8544 - Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors
  • 1.3% ($518 million): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 1.01% ($405 million): 2702 - Lignite, whether or not agglomerated, excluding jet

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Serbia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023