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 (%) | 2011 - 2022

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2011
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2022
TOTAL. ALL COMMODITIESSerbiaWorldExportsValue (US$)11,779,477,582.0011,229,030,695.0014,610,779,427.0014,843,348,443.0013,378,933,798.0014,851,777,129.0016,959,040,119.0019,239,126,973.0019,633,048,518.0019,500,829,540.0025,566,160,915.0029,059,511,715.00
Value Growth, YoY (%)20.26-4.6730.111.59-9.8611.0014.1813.442.04-0.6731.1013.66
ImportsValue (US$)19,861,908,142.0018,924,891,223.0020,550,989,938.0020,608,584,765.0018,210,171,281.0019,230,912,776.0022,146,377,217.0025,882,635,269.0026,730,093,636.0026,228,037,382.0033,793,017,446.0041,143,747,552.00
Value Growth, YoY (%)18.68-4.718.590.28-11.635.6015.1616.873.27-1.8728.8421.75

The value of merchandise exports from Serbia totalled $ 29 billion in 2022. Merchandise exports from Serbia increased by 13.6% compared to 2021. Goods exports grew up by $ 3.49 billion in 2022 (the value of merchandise exports from Serbia amounted to $25 billion in 2021)

Serbia's exports 2022 by country

Top export destinations of commodities from Serbia in 2022:

  • Germany with a share of 13.6% (3.97 billion US$)
  • Bosnia and Herzegovina with a share of 7.45% (2.16 billion US$)
  • Italy with a share of 7.23% (2.1 billion US$)
  • Hungary with a share of 5.43% (1.57 billion US$)
  • Romania with a share of 4.4% (1.28 billion US$)
  • Croatia with a share of 4.15% (1.2 billion US$)
  • Russia with a share of 4.11% (1.19 billion US$)
  • Montenegro with a share of 4.04% (1.17 billion US$)
  • China with a share of 4.01% (1.16 billion US$)
  • North Macedonia with a share of 3.52% (1.02 billion US$)

Exports structure from Serbia in 2022 represented by the following main commodity groups:

  • 14.8% (4.3 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 7.41% (2.15 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.46% (1.87 billion US$): 26 - Ores, slag and ash
  • 5.43% (1.58 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 4.81% (1.39 billion US$): 39 - Plastics and articles thereof
  • 4.23% (1.23 billion US$): 40 - Rubber and articles thereof
  • 4.14% (1.2 billion US$): 72 - Iron and steel
  • 3.11% (903 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.08% (896 million US$): 08 - Edible fruit and nuts; peel of citrus fruit or melons
  • 3.03% (883 million US$): 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

What did Serbia export in 2022?

Serbia's Top Exports in 2022:

  • 6.46% ($1.87 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
  • 6.08% ($1.76 billion): 2603 - Copper ores and concentrates
  • 3.13% ($909 million): 4011 - New pneumatic tyres, of rubber
  • 3.06% ($890 million): 2716 - Electrical energy. (optional heading)
  • 2.63% ($766 million): 8501 - Electric motors and generators (excluding generating sets).
  • 2.11% ($614 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
  • 2.08% ($604 million): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
  • 2.02% ($588 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
  • 1.72% ($500 million): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05
  • 1.71% ($497 million): 3402 - Organic surface-active agents (other than soap); surface-active preparations, washing preparations (including auxiliary washing preparations) and cleaning preparations, whether or not containing soap, other than those of heading 34.01. (Cleaning Products)

The value of merchandise imports to Serbia totalled $ 41 billion in 2022. Merchandise imports to Serbia increased by 21% compared to 2021. Goods imports grew up by $ 7.35 billion in 2022 (the value of merchandise imports to Serbia was equal to $33 billion in 2021)

Serbia's imports 2022 by country

Top trading partners (import sources) of Serbia in 2022:

  • China with a share of 12.1% (4.98 billion US$)
  • Germany with a share of 11.4% (4.69 billion US$)
  • Russia with a share of 7.49% (3.08 billion US$)
  • Italy with a share of 6.62% (2.72 billion US$)
  • Hungary with a share of 5.62% (2.31 billion US$)
  • Turkey with a share of 5.18% (2.13 billion US$)
  • Bosnia and Herzegovina with a share of 3.13% (1.28 billion US$)
  • Poland with a share of 3% (1.23 billion US$)
  • Iraq with a share of 2.94% (1.21 billion US$)
  • Romania with a share of 2.75% (1.13 billion US$)

Imports structure to Serbia in 2022 represented by the following main commodity groups:

  • 17.6% (7.27 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 10.8% (4.44 billion US$): 99 - Commodities not specified according to kind
  • 8.5% (3.49 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 8.34% (3.43 billion US$): 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
  • 5.46% (2.25 billion US$): 39 - Plastics and articles thereof
  • 4% (1.64 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.8% (1.56 billion US$): 30 - Pharmaceutical products
  • 2.65% (1.09 billion US$): 72 - Iron and steel
  • 2.44% (1 billion US$): 73 - Articles of iron or steel
  • 2.11% (868 million US$): 76 - Aluminum and articles thereof

What did Serbia import in 2022?

Serbia's Top Imports in 2022:

  • 5.54% ($2.27 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 4.43% ($1.82 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 4.06% ($1.67 billion): 2716 - Electrical energy. (optional heading)
  • 3.1% ($1.27 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
  • 1.93% ($797 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
  • 1.61% ($665 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
  • 1.34% ($555 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
  • 1.31% ($540 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
  • 1.04% ($430 million): 3102 - Mineral or chemical fertilisers, nitrogenous

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Serbia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2011 - 2022