Country export capability
A reported view of Serbia's export scale, destination network, sector breadth, trade history, and market-access context. Use the indicators together; no single measure describes export readiness on its own.
Country export profile overview
This profile brings together export performance, trade balance, destination markets, HS2 sectors, partner breadth, history, and market-access context for country export research.
Export scale and balance
In 2024, Serbia recorded $32.5B in exports and $40.8B in imports. The resulting -$8.3B trade balance gives the latest country-level position a clear context.
Exports changed +6.1% year on year and show a calculated +8.5% three-year CAGR. CAGR is an annualized comparison of reported values, not a forecast.
Markets and sectors
Germany received $5.0B in reported exports, representing 15.4% of the latest country total. Electrical machinery was the largest displayed HS2 export sector at $5.3B and 16.3% of exports.
The visible page highlights five leading destinations and five leading HS2 sectors, while the complete structured files retain every row supplied for this sample.
History and coverage
The country series covers 2006 through 2024, with 19 observed annual rows. That longer view helps separate a single-year movement from the broader export trend.
Partner counts, tariff context, concentration, exposure shares, and momentum are supporting indicators calculated from available trade observations. Missing values remain unavailable rather than estimated.
Economy and structure
Macroeconomic and structural indicators add context to merchandise trade scale. They describe the country environment; they do not predict company performance or future exports.
Market signals
Route-level risk and emerging-corridor signals for further research. These are calculated indicators, not forecasts.
| Destination | Attention | Attention share | Below peak | Applied tariff | Primary reason |
|---|---|---|---|---|---|
| RomaniaROU | Critical attention | 38.6% | 26.8% | 16.7% | Volatile products account for the largest observed corridor exposure |
| JapanJPN | Critical attention | 88.2% | 55.8% | 2.1% | Buyer-market concentration is the largest observed corridor exposure |
| CroatiaHRV | Critical attention | 32.3% | 25.3% | 0.5% | Volatile products account for the largest observed corridor exposure |
| Bosnia and HerzegovinaBIH | Watch | 48.8% | 18.9% | 0.5% | Buyer-market concentration is the largest observed corridor exposure |
| ItalyITA | Watch | 10.6% | 27.5% | 0.1% | Volatile products account for the largest observed corridor exposure |
| SpainESP | Watch | 15% | 17.9% | 0.1% | Volatile products account for the largest observed corridor exposure |
| BulgariaBGR | High attention | 55.3% | 18.8% | 3.3% | Buyer-market concentration is the largest observed corridor exposure |
| The former Yugoslav Republic of MacedoniaMKD | Watch | 38.5% | 20.6% | 0.2% | Buyer-market concentration is the largest observed corridor exposure |
| UgandaUGA | Critical attention | 100% | 68.8% | 14.3% | Buyer-market concentration is the largest observed corridor exposure |
| RussiaRUS | Watch | 41.5% | 27% | 2.6% | Buyer-market concentration is the largest observed corridor exposure |
Full route coverage is retained. High attention means the route deserves closer product and access review.
Market opportunity signals
All returned rows use buyer demand, exporter position, and calculated addressable-value fields. They are research signals, not forecasts.
| Rank | Market and product | Buyer imports | Addressable 3-year value | Current share | Demand signal |
|---|---|---|---|---|---|
| 1 | ChinaHS6 260111 · Iron ores and concentrates: non-agglomerated | $111.0B | $119.1B | 0% | Growing -2.6% |
| 2 | ChinaHS6 854231 · Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | $158.0B | $93.1B | 0% | Accelerating +10.5% |
| 3 | IndiaHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude | $130.1B | $73.0B | 0% | Declining -0.5% |
| 4 | ChinaHS6 854232 · Electronic integrated circuits: memories | $80.6B | $65.7B | 0% | Accelerating +20.6% |
| 5 | ChinaHS6 854239 · Electronic integrated circuits: n.e.c. in heading no. 8542 | $81.8B | $61.4B | 0% | Growing +4% |
| 6 | USA, Puerto Rico and US Virgin IslandsHS6 851712 · Telephones for cellular networks or for other wireless networks | $53.9B | $53.8B | 0% | Growing -8.8% |
| 7 | USA, Puerto Rico and US Virgin IslandsHS6 847150 · Digital processing units: other than those of subheadings 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units | $53.9B | $45.6B | 0% | Declining +60.2% |
| 8 | USA, Puerto Rico and US Virgin IslandsHS6 847130 · Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display | $42.7B | $33.3B | 0% | Growing +6.2% |
Addressable value is a calculated field. Validate product, buyer, tariff, and route conditions before commercial decisions.
| Rank | HS4 | Parent HS2 sector | Exports | Share | Active HS6 |
|---|---|---|---|---|---|
| 1 | 8544HS4 detail code | Electrical machinery (85) ↗ | $2.2B | 6.7% | 8 |
| 2 | 2603HS4 detail code | Ores, slag and ash (26) ↗ | $1.6B | 5.1% | 1 |
| 3 | 7403HS4 detail code | Copper (74) ↗ | $1.3B | 3.9% | 7 |
| 4 | 4011HS4 detail code | Rubber (40) ↗ | $1.1B | 3.3% | 8 |
| 5 | 2716HS4 detail code | Mineral fuels (27) ↗ | $994.2M | 3.1% | 1 |
| 6 | 8708HS4 detail code | Vehicles (87) ↗ | $957.7M | 2.9% | 14 |
| 7 | 8501HS4 detail code | Electrical machinery (85) ↗ | $910.9M | 2.8% | 14 |
| 8 | 2402HS4 detail code | Tobacco (24) ↗ | $508.9M | 1.6% | 3 |
| 9 | 0811HS4 detail code | Edible fruit and nuts (08) ↗ | $501.3M | 1.5% | 3 |
| 10 | 9401HS4 detail code | Furniture and lighting (94) ↗ | $492.1M | 1.5% | 13 |
| 11 | 3402HS4 detail code | Soap and washing preparations (34) ↗ | $475.4M | 1.5% | 6 |
| 12 | 1005HS4 detail code | Cereals (10) ↗ | $452.2M | 1.4% | 2 |
HS4 values are reported observations. The hierarchy is preserved; no missing descriptions are inferred.
The country export read
In 2024, Serbia recorded $32.5B in reported exports and $40.8B in imports, producing a reported trade deficit of $8.3B. Exports changed +6.1% year on year and +8.5% annualized over three years. Electrical machinery (HS2 85) was the largest displayed export sector by value.
Destination network
All returned destination lanes ranked by latest reported export value. Share is calculated against the country total. Review sources ↗
| Rank | Destination | Latest exports | Share | Year-on-year | 3-year CAGR |
|---|---|---|---|---|---|
| 1 | GermanyDEU | $5.0B | 15.4% | +5.5% | +15.3% |
| 2 | ChinaCHN | $2.1B | 6.4% | +43.5% | +29.7% |
| 3 | HungaryHUN | $2.0B | 6.1% | -5.8% | +5.5% |
| 4 | Bosnia and HerzegovinaBIH | $1.7B | 5.3% | +1.8% | +3.7% |
| 5 | ItalyITA | $1.6B | 4.9% | -2.2% | -5.5% |
| 6 | RomaniaROU | $1.3B | 4.1% | -8.5% | +7.3% |
| 7 | CzechiaCZE | $1.3B | 3.9% | +12.8% | +12.7% |
| 8 | BulgariaBGR | $1.1B | 3.4% | +0.8% | +8.2% |
| 9 | TurkeyTUR | $1.1B | 3.3% | +66% | +39% |
| 10 | CroatiaHRV | $1.0B | 3.2% | -7.1% | +5% |
Destination values are reported country-to-country observations. Full returned rows remain in the downloads.
Export portfolio
All returned HS2 chapters by latest export value. Each card links to its Yugalinks sector view.
147 export partners · 260 active HS6 products
156 export partners · 507 active HS6 products
32 export partners · 27 active HS6 products
70 export partners · 40 active HS6 products
78 export partners · 49 active HS6 products
135 export partners · 80 active HS6 products
142 export partners · 129 active HS6 products
129 export partners · 87 active HS6 products
122 export partners · 42 active HS6 products
102 export partners · 10 active HS6 products
Trade history
Latest twelve years from the 30-year reported country series. Context, not a forecast.
Reported exports by year
Partner network
Partner breadth, distance, agreements, and tariffs add context to reported exports.
Exposure context
Calculated or classified route and country context. Not predictions or recommendations.
Covered value under attention
Covered value marked critical
Distance below route peaks
Covered value with FTA context
Export-weighted tariff
Primary attention driver: High trade volatility.
History-based indicator
Partner HHI
Product HHI
Country attention level: Watch. Missing fields remain unavailable.
| Year | 2,024 |
|---|---|
| Country Iso3 | SRB |
| Exports Usd | $32.5B |
| Imports Usd | $40.8B |
| Trade Balance Usd | -$8.3B |
| Yoy Exports Growth Pct | 6.1% |
| Yoy Imports Growth Pct | 5.3% |
| Exports Cagr 3y Pct | 8.5% |
| Imports Cagr 3y Pct | 7% |
| Export Partner Hhi | 516.9 |
| Export Product Hhi | 111.9 |
| Momentum Score | 6.8 |
| Risk Score | 3.1 |
| Gdp Million Usd | 90,097.77 million USD |
| Gdp Per Capita Usd | $13.7K |
| Population | 6,586,476 |
| Labor Force | Not reported |
| Investment Rate Pct | Not reported |
| Savings Rate Pct | Not reported |
| Secondary Education Pct | Not reported |
| Tertiary Education Pct | Not reported |
| Total Factor Productivity | Not reported |
| Trade Openness Pct | Not reported |
| Exports Gdp Pct | Not reported |
| Num Active Partners | 270 |
| Num Fta Partners | 2 |
| Num Wto Partners | 169 |
| Num Eu Partners | 28 |
| Num Shared Border Partners | 8 |
| Num Shared Language Partners | 2 |
| Avg Partner Distance Km | 6,465 km |
| Avg Partner Gdp Million Usd | 533,678,518.33 million USD |
| Avg Partner Gdp Per Capita Usd | $15.8 |
| Avg Buyer Biz Entry Days | Not reported |
| Avg Buyer Biz Entry Cost Pct | Not reported |
| Pct Partners With Fta | 1 |
| Pct Partners Shared Language | 1 |
| Pct Partners Shared Border | 3 |
| Avg Applied Tariff Pct | 0.1% |
| Avg Mfn Tariff Pct | 0.1% |
| Avg Preferential Tariff Pct | 0% |
| Tariff Advantage Pp | +0.1 pp |
| Avg Distance All Partners Km | Not reported |
| Num Border Partners | Not reported |
| Num Colonial Partners | Not reported |
| Avg Substitution Elasticity | -10 |
| Pct Products High Elasticity | 74 |
| Pct Products Low Elasticity | 3 |
| Real Market Potential | Not reported |
| Foreign Market Potential | Not reported |
| Country Iso3 | SRB |
|---|---|
| All History Lane Count | 15,112 |
| Current Lane Count | 11,055 |
| Critical Lane Count | 13 |
| High Attention Lane Count | 820 |
| High Volatility Lane Count | 5,562 |
| Unrecovered Drawdown Lane Count | 3,365 |
| Declining Demand Lane Count | 45 |
| Concentrated Market Lane Count | 3,437 |
| Access Friction Lane Count | 0 |
| Buyer Macro Weakness Lane Count | 164 |
| Monitored Exports Current Usd | $29.1B |
| Attention Exports Usd | $6.7B |
| Critical Exports Usd | $668.5M |
| High Volatility Exports Usd | $14.4B |
| Unrecovered Drawdown Exports Usd | $3.6B |
| Non Fta Exports Usd | $0.0 |
| Monitored Attention Share Pct | 22.9% |
| Monitored Critical Share Pct | 2.3% |
| Fta Covered Exports Share Pct | 0% |
| Export Weighted Volatility Cv | 1.1 |
| Export Weighted Below Peak Pct | 16.1% |
| Export Weighted Distance Km | Not reported |
| Export Weighted Tariff Pct | 0% |
| Latest Data Year | 2,024 |
| First Data Year | 2,006 |
| Country Years Count | 19 |
| Total Exports Latest Usd | $32.5B |
| Total Imports Latest Usd | $40.8B |
| Trade Balance Latest Usd | -$8.3B |
| Exports Yoy Latest Pct | 6.1% |
| Exports Cagr 3y Latest Pct | 8.5% |
| Gdp Latest Million Usd | 90,097.77 million USD |
| Gdp Per Capita Latest Usd | $13.7K |
| Population Latest | 6,586,476 |
| Investment Rate Latest Pct | Not reported |
| Savings Rate Latest Pct | Not reported |
| Trade Openness Latest Pct | Not reported |
| Exports Gdp Latest Pct | Not reported |
| Active Partners Latest | 270 |
| Fta Partners Latest | 2 |
| Foreign Market Potential Latest | Not reported |
| Gdp 5y Cagr Pct | 10.8% |
| Gdp Per Capita 5y Cagr Pct | 12% |
| Population 5y Cagr Pct | -1.1% |
| Partner Hhi Latest | 516.9 |
| Partner Top1 Share Latest Pct | 15.4% |
| Partner Top3 Share Latest Pct | 27.9% |
| Partner Hhi All Avg | 574.4 |
| Partner Hhi All Max | 719.3 |
| Product Hhi Latest | 111.9 |
| Product Top1 Share Latest Pct | 5.2% |
| Product Top3 Share Latest Pct | 14.2% |
| Product Hhi All Avg | 86.8 |
| Product Hhi All Max | 122.8 |
| Total Exports Attention Share Pct | 20.5% |
| Total Exports Critical Share Pct | 2.1% |
| Attention Level | Watch |
| Primary Risk Driver | High trade volatility |
| Macro Resilience Label | Macro trend resilient |
| Year | Exports | Imports | Trade balance | Exports YoY | Exports CAGR 3Y |
|---|---|---|---|---|---|
| 2006 | $6.4B | $12.8B | -$6.3B | Not reported | Not reported |
| 2007 | $8.6B | $17.3B | -$8.7B | +33.7% | Not reported |
| 2008 | $10.8B | $21.2B | -$10.4B | +25.2% | Not reported |
| 2009 | $8.1B | $15.5B | -$7.4B | -24.5% | +8.1% |
| 2010 | $9.4B | $15.9B | -$6.4B | +15.9% | +3.1% |
| 2011 | $11.7B | $18.8B | -$7.1B | +24.5% | +2.9% |
| 2012 | $11.3B | $17.8B | -$6.5B | -3.8% | +11.5% |
| 2013 | $14.4B | $19.1B | -$4.7B | +27.7% | +15.2% |
| 2014 | $14.9B | $19.9B | -$5.0B | +3.5% | +8.3% |
| 2015 | $13.6B | $17.8B | -$4.2B | -8.9% | +6.4% |
| 2016 | $14.8B | $18.5B | -$3.7B | +9.2% | +1% |
| 2017 | $17.6B | $21.1B | -$3.5B | +19% | +5.8% |
| 2018 | $19.6B | $25.3B | -$5.8B | +10.9% | +13% |
| 2019 | $19.5B | $26.0B | -$6.5B | -0.3% | +9.6% |
| 2020 | $19.7B | $25.2B | -$5.5B | +1.1% | +3.8% |
| 2021 | $25.4B | $33.3B | -$7.8B | +29% | +9.1% |
| 2022 | $29.4B | $39.7B | -$10.3B | +15.8% | +14.7% |
| 2023 | $30.6B | $38.7B | -$8.1B | +4% | +15.8% |
| 2024 | $32.5B | $40.8B | -$8.3B | +6.1% | +8.5% |
| Rank | HS2 | Sector | Exports | Share | Export partners | Active HS6 |
|---|---|---|---|---|---|---|
| 1 | 85 | Electrical machinery | $5.3B | 16.3% | 147 | 260 |
| 2 | 84 | Machinery | $2.5B | 7.7% | 156 | 507 |
| 3 | 26 | Ores, slag and ash | $1.8B | 5.7% | 32 | 27 |
| 4 | 27 | Mineral fuels | $1.7B | 5.4% | 70 | 40 |
| 5 | 74 | Copper | $1.6B | 5% | 78 | 49 |
| 6 | 40 | Rubber | $1.5B | 4.6% | 135 | 80 |
| 7 | 39 | Plastics | $1.4B | 4.2% | 142 | 129 |
| 8 | 87 | Vehicles | $1.2B | 3.8% | 129 | 87 |
| 9 | 94 | Furniture and lighting | $1.1B | 3.3% | 122 | 42 |
| 10 | 24 | Tobacco | $840.6M | 2.6% | 102 | 10 |
| Rank | HS4 | Parent HS2 | Exports | Share | Active HS6 |
|---|---|---|---|---|---|
| 1 | 8544 | Electrical machinery (85) | $2.2B | 6.7% | 8 |
| 2 | 2603 | Ores, slag and ash (26) | $1.6B | 5.1% | 1 |
| 3 | 7403 | Copper (74) | $1.3B | 3.9% | 7 |
| 4 | 4011 | Rubber (40) | $1.1B | 3.3% | 8 |
| 5 | 2716 | Mineral fuels (27) | $994.2M | 3.1% | 1 |
| 6 | 8708 | Vehicles (87) | $957.7M | 2.9% | 14 |
| 7 | 8501 | Electrical machinery (85) | $910.9M | 2.8% | 14 |
| 8 | 2402 | Tobacco (24) | $508.9M | 1.6% | 3 |
| 9 | 0811 | Edible fruit and nuts (08) | $501.3M | 1.5% | 3 |
| 10 | 9401 | Furniture and lighting (94) | $492.1M | 1.5% | 13 |
| 11 | 3402 | Soap and washing preparations (34) | $475.4M | 1.5% | 6 |
| 12 | 1005 | Cereals (10) | $452.2M | 1.4% | 2 |
| Rank | Destination | ISO3 | Exports | Share | YoY | CAGR 3Y |
|---|---|---|---|---|---|---|
| 1 | Germany | DEU | $5.0B | 15.4% | +5.5% | +15.3% |
| 2 | China | CHN | $2.1B | 6.4% | +43.5% | +29.7% |
| 3 | Hungary | HUN | $2.0B | 6.1% | -5.8% | +5.5% |
| 4 | Bosnia and Herzegovina | BIH | $1.7B | 5.3% | +1.8% | +3.7% |
| 5 | Italy | ITA | $1.6B | 4.9% | -2.2% | -5.5% |
| 6 | Romania | ROU | $1.3B | 4.1% | -8.5% | +7.3% |
| 7 | Czechia | CZE | $1.3B | 3.9% | +12.8% | +12.7% |
| 8 | Bulgaria | BGR | $1.1B | 3.4% | +0.8% | +8.2% |
| 9 | Turkey | TUR | $1.1B | 3.3% | +66% | +39% |
| 10 | Croatia | HRV | $1.0B | 3.2% | -7.1% | +5% |
| Rank | Destination | Attention | Attention share | Below peak | Applied tariff | Primary reason |
|---|---|---|---|---|---|---|
| 1 | Romania (ROU) | Critical attention | 38.6% | 26.8% | 16.7% | Volatile products account for the largest observed corridor exposure |
| 2 | Japan (JPN) | Critical attention | 88.2% | 55.8% | 2.1% | Buyer-market concentration is the largest observed corridor exposure |
| 3 | Croatia (HRV) | Critical attention | 32.3% | 25.3% | 0.5% | Volatile products account for the largest observed corridor exposure |
| 4 | Bosnia and Herzegovina (BIH) | Watch | 48.8% | 18.9% | 0.5% | Buyer-market concentration is the largest observed corridor exposure |
| 5 | Italy (ITA) | Watch | 10.6% | 27.5% | 0.1% | Volatile products account for the largest observed corridor exposure |
| 6 | Spain (ESP) | Watch | 15% | 17.9% | 0.1% | Volatile products account for the largest observed corridor exposure |
| 7 | Bulgaria (BGR) | High attention | 55.3% | 18.8% | 3.3% | Buyer-market concentration is the largest observed corridor exposure |
| 8 | The former Yugoslav Republic of Macedonia (MKD) | Watch | 38.5% | 20.6% | 0.2% | Buyer-market concentration is the largest observed corridor exposure |
| 9 | Uganda (UGA) | Critical attention | 100% | 68.8% | 14.3% | Buyer-market concentration is the largest observed corridor exposure |
| 10 | Russia (RUS) | Watch | 41.5% | 27% | 2.6% | Buyer-market concentration is the largest observed corridor exposure |
| Rank | Destination | HS6 | Signal | Market imports | Current share | Strength |
|---|---|---|---|---|---|---|
| 1 | Italy (ITA) | 740200 | new | $20.6M | 1.5% | 100 |
| 2 | Australia (AUS) | 890391 | new | $43.2M | 0.5% | 100 |
| 3 | Italy (ITA) | 870380 | new | $2.7B | 0.1% | 100 |
| 4 | Italy (ITA) | 880230 | new | $112.2M | 0.3% | 100 |
| 5 | Japan (JPN) | 481159 | new | $62.3M | 1.1% | 100 |
| 6 | Japan (JPN) | 842240 | new | $77.8M | 2.6% | 100 |
| 7 | Kyrgyzstan (KGZ) | 731450 | new | $275.8K | 60.5% | 100 |
| 8 | Kazakhstan (KAZ) | 847432 | new | $24.4M | 1% | 100 |
| 9 | Kazakhstan (KAZ) | 843629 | new | $4.3M | 10.3% | 100 |
| 10 | Austria (AUT) | 850164 | new | $90.8M | 0.2% | 100 |
| Rank | Market | HS6 | Buyer imports | Addressable 3-year value | Current share | Signal |
|---|---|---|---|---|---|---|
| 1 | China (CHN) | 260111 | $111.0B | $119.1B | 0% | Growing (-2.6%) |
| 2 | China (CHN) | 854231 | $158.0B | $93.1B | 0% | Accelerating (+10.5%) |
| 3 | India (IND) | 270900 | $130.1B | $73.0B | 0% | Declining (-0.5%) |
| 4 | China (CHN) | 854232 | $80.6B | $65.7B | 0% | Accelerating (+20.6%) |
| 5 | China (CHN) | 854239 | $81.8B | $61.4B | 0% | Growing (+4%) |
| 6 | USA, Puerto Rico and US Virgin Islands (USA) | 851712 | $53.9B | $53.8B | 0% | Growing (-8.8%) |
| 7 | USA, Puerto Rico and US Virgin Islands (USA) | 847150 | $53.9B | $45.6B | 0% | Declining (+60.2%) |
| 8 | USA, Puerto Rico and US Virgin Islands (USA) | 847130 | $42.7B | $33.3B | 0% | Growing (+6.2%) |
How to read this page
Reported exports, imports, trade balance, sector rows, destination rows, and annual history describe merchandise trade observations for the stated country and year.
CAGR, shares, concentration measures, tariff context, exposure shares, and momentum are calculated indicators built from the available observations. They help organize research but are not additional reported trade or forecasts.
Coverage runs from 2006 through 2024 for this profile. Missing values are shown as Not reported. Read the full methodology ↗
OECD BIMTS merchandise trade values are the primary series for this view.
Growth, share, HHI, tariff, and exposure fields are derived from available reported values.
Unavailable values remain unavailable. No company sales, shipment records, or forecasts are implied.
Questions about this profile
Short answers for readers comparing country export scale, partner breadth, and calculated trade indicators.
It combines reported exports, imports, history, destinations, HS2 sectors, partner context, and calculated indicators for Serbia.
Serbia recorded $32.5B in reported exports in 2024.
Germany leads by reported export value at $5.0B in 2024. Five destination lanes are highlighted.
Electrical machinery leads by reported value at $5.3B. Five HS2 chapters are highlighted.
This sample contains 19 observed annual rows covering 2006 through 2024. Missing observations are not estimated.
No. They are calculated or classified from reported observations, not forecasts or market-access guarantees.
Continue your research
Compare countries, products, sectors, and routes using the available trade evidence and definitions.
Data source
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-28). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.
