# Serbia Export Playbook for Latin America and Caribbean

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> Yugalinks regional export playbook

Compare buyer markets, access conditions, and calculated product opportunities in Latin America and Caribbean. Use this guide to prioritize research, not to treat calculated indicators as guaranteed sales.

## Navigation

- [Yugalinks home](https://www.yugalinks.com/)
- [Trade data](https://www.yugalinks.com/trade/)
- [Open country workspace](https://www.yugalinks.com/app/countries)
- [Data sources](https://www.yugalinks.com/data-sources)
- [Methodology](https://www.yugalinks.com/methodology)

## Overview

- Exporter: Serbia (SRB)
- Region: Latin America and Caribbean
- Latest trade year: 2024
- Buyer markets: 6
- Calculated three-year opportunity: $35.2B
- Reported FTA markets: 0
- Average reported distance: 0 km
- Average business entry indicator: 0 days

## Market comparison

| Market | ISO3 | Opportunity | Products | FTA | Distance | Entry days | Top product |
| --- | --- | ---: | ---: | --- | ---: | ---: | --- |
| Brazil | BRA | $18.3B | 11 | Not reported | 0 km | 0 | Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light emitting diodes |
| Chile | CHL | $7.2B | 1 | Not reported | 0 km | 0 | Product not reported |
| Peru | PER | $3.8B | 2 | Not reported | 0 km | 0 | Product not reported |
| Panama | PAN | $3.0B | 1 | Not reported | 0 km | 0 | Product not reported |
| Colombia | COL | $1.7B | 1 | Not reported | 0 km | 0 | Telephones for cellular networks or for other wireless networks |
| Trinidad and Tobago | TTO | $1.1B | 1 | Not reported | 0 km | 0 | Product not reported |

## Product and market opportunities

| Rank | Market | Product | Opportunity | Buyer growth | Current share |
| ---: | --- | --- | ---: | ---: | ---: |
| 1 | Chile (CHL) | HS 271019 - Product description unavailable | $7.2B | +13.8% | +0.0% |
| 2 | Brazil (BRA) | HS 854140 - Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light emitting diodes | $4.3B | +17.9% | +0.0% |
| 3 | Panama (PAN) | HS 271019 - Product description unavailable | $3.0B | +9.8% | +0.0% |
| 4 | Peru (PER) | HS 271019 - Product description unavailable | $2.5B | +10.0% | +0.0% |
| 5 | Brazil (BRA) | HS 851712 - Telephones for cellular networks or for other wireless networks | $2.3B | +8.4% | +0.0% |
| 6 | Brazil (BRA) | HS 841191 - Turbines: parts of turbo-jets and turbo-propellers | $1.7B | +10.7% | +0.0% |
| 7 | Colombia (COL) | HS 851712 - Telephones for cellular networks or for other wireless networks | $1.7B | +9.4% | +0.0% |
| 8 | Brazil (BRA) | HS 850440 - Electrical static converters | $1.6B | +10.7% | +0.0% |
| 9 | Brazil (BRA) | HS 851770 - Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts | $1.6B | +8.4% | +0.0% |
| 10 | Brazil (BRA) | HS 300490 - Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $1.4B | +11.8% | +0.0% |
| 11 | Brazil (BRA) | HS 880330 - Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 | $1.4B | +10.3% | +0.0% |
| 12 | Peru (PER) | HS 851712 - Telephones for cellular networks or for other wireless networks | $1.2B | +14.5% | +0.0% |
| 13 | Trinidad and Tobago (TTO) | HS 271019 - Product description unavailable | $1.1B | +16.8% | +0.0% |
| 14 | Brazil (BRA) | HS 842129 - Machinery: for filtering or purifying liquids, n.e.c. in item no. 8421.2 | $1.1B | +14.2% | +0.0% |
| 15 | Brazil (BRA) | HS 851762 - Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus | $995.8M | +11.6% | +0.0% |
| 16 | Brazil (BRA) | HS 870840 - Vehicles: parts, gear boxes | $971.6M | +5.9% | +0.0% |
| 17 | Brazil (BRA) | HS 310559 - Fertilizers, mineral or chemical: containing the two fertilizing elements nitrogen and phosphorus, other than nitrates and phosphates | $963.1M | +26.2% | +0.0% |

## Sector opportunities

| Sector | Products | Reported buyer imports | Opportunity | Average growth |
| --- | ---: | ---: | ---: | ---: |
| HS2 00 - HS2 sector 00 | 4 | $15.1B | $13.9B | +12.6% |
| HS2 85 - HS2 sector 85 | 7 | $13.1B | $13.7B | +11.5% |
| HS2 84 - HS2 sector 84 | 2 | $2.9B | $2.8B | +12.5% |
| HS2 30 - HS2 sector 30 | 1 | $4.3B | $1.4B | +11.8% |
| HS2 88 - HS2 sector 88 | 1 | $1.9B | $1.4B | +10.3% |
| HS2 87 - HS2 sector 87 | 1 | $2.6B | $971.6M | +5.9% |
| HS2 31 - HS2 sector 31 | 1 | $1.2B | $963.1M | +26.2% |

## Frequently asked questions

### Should Serbia focus on Latin America and Caribbean?

Use the market ranking as a starting point, then check product fit, buyer requirements, route costs, tariffs, standards, and competitive conditions.

### What does calculated opportunity mean?

It is a screening indicator built from demand and exporter-position signals. It is not a confirmed order, sales forecast, or guarantee of market entry.

### How should exporters use this page?

Prioritize one market and product combination, then validate buyers, compliance, logistics, pricing, and continuity before making a commercial decision.

## Method

Reported trade observations and calculated indicators are shown separately. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.

Yugalinks presents derived views for research and planning. [Read the full methodology](https://www.yugalinks.com/methodology).

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.