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Serbia, FR(Serbia/Montenegro) Trade Summary

2021

Serbia, FR(Serbia/Montenegro) exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR SERBIA, FR(SERBIA/MONTENEGRO) 2021

Overall Exports and Imports for Serbia, FR(Serbia/Montenegro) 2021

Exports and imports of Serbia, FR(Serbia/Montenegro) in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 25,566 million.
  • The total value of imports (CIF) was 33,793 million.
  • At the HS6 digit level, 3,854 products were exported to 179 countries and 4,318 products were imported from 207 countries.

Serbia, FR(Serbia/Montenegro) top 5 Export and Import partners 2021

Top five countries to which Serbia, FR(Serbia/Montenegro) exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Serbia, FR(Serbia/Montenegro) exports to Germany worth US$ 3,243 million, with a partner share of 12.68 percent.
  2. Serbia, FR(Serbia/Montenegro) exports to Italy worth US$ 2,177 million, with a partner share of 8.52 percent.
  3. Serbia, FR(Serbia/Montenegro) exports to Bosnia and Herzegovina worth US$ 1,847 million, with a partner share of 7.22 percent.
  4. Serbia, FR(Serbia/Montenegro) exports to Romania worth US$ 1,411 million, with a partner share of 5.52 percent.
  5. Serbia, FR(Serbia/Montenegro) exports to Hungary worth US$ 1,289 million, with a partner share of 5.04 percent.

Top five countries from which Serbia, FR(Serbia/Montenegro) imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Serbia, FR(Serbia/Montenegro) imports from Germany worth US$ 4,458 million, with a partner share of 13.19 percent.
  2. Serbia, FR(Serbia/Montenegro) imports from China worth US$ 4,159 million, with a partner share of 12.31 percent.
  3. Serbia, FR(Serbia/Montenegro) imports from Italy worth US$ 2,726 million, with a partner share of 8.07 percent.
  4. Serbia, FR(Serbia/Montenegro) imports from Russian Federation worth US$ 1,806 million, with a partner share of 5.34 percent.
  5. Serbia, FR(Serbia/Montenegro) imports from Turkey worth US$ 1,702 million, with a partner share of 5.04 percent.

Serbia, FR(Serbia/Montenegro) Top 5 Productsexports imports at HS 6 digit level 2021

The top five exported HS 6 digit level products to world by Serbia, FR(Serbia/Montenegro) along with trade value are:

  1. Serbia, FR(Serbia/Montenegro) exported Ignition wiring sets&oth wiring sets of a kind , worth US$ 1,422,350.95 million.
  2. Serbia, FR(Serbia/Montenegro) exported Copper ores and concentrates , worth US$ 855,093.24 million.
  3. Serbia, FR(Serbia/Montenegro) exported New pneumatic tyres, of rubber of a kind used o , worth US$ 623,238.42 million.
  4. Serbia, FR(Serbia/Montenegro) exported Maize (excl. seed) , worth US$ 558,286.82 million.
  5. Serbia, FR(Serbia/Montenegro) exported Raspberries, blackberries...etc, frozen , worth US$ 527,703.54 million.

The top five imported HS 6 digit level products from world by Serbia, FR(Serbia/Montenegro) along with trade value are

  1. Serbia, FR(Serbia/Montenegro) imported Petroleum oils and oils obtained from bituminou , worth US$ 1,341,388.86 million.
  2. Serbia, FR(Serbia/Montenegro) imported Other medicaments of mixed or unmixed products, , worth US$ 975,759.99 million.
  3. Serbia, FR(Serbia/Montenegro) imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 586,328.50 million.
  4. Serbia, FR(Serbia/Montenegro) imported Natural gas in gaseous state , worth US$ 505,042.51 million.
  5. Serbia, FR(Serbia/Montenegro) imported Transmission apparatus, for radioteleph incorpo , worth US$ 474,179.00 million.

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Serbia, FR(Serbia/Montenegro) in 2021 are below

  • The maximum rate of tariff in percentage on any product was 30 percent.
  • The simple average tariff across all products was 3.08 percent.
  • The trade weighted average tariff was 1.72 .
  • The total duty free imports in thousands of US dollars were 20,246,044.33 and duty free tariff line items share was 61.47 percent.

Development Indicators 2021

Key Development Indicators of Serbia, FR(Serbia/Montenegro) in 2021 are below

  • Serbia, FR(Serbia/Montenegro) GDP in current US dollar was 63,082 million.
  • GNI per capita, Atlas method (current US$) was 8,460.00 .
  • Serbia, FR(Serbia/Montenegro) Trade balance: as % of GDP was -7.80.
  • Trade balance in current US$ was -4,918.00 million.
  • Trade as percentage of GDP was 116.76 .
  • Trade in services as percentage of GDP was 26.57 .

Trade Indicators 2021

Trade Indicators for Serbia, FR(Serbia/Montenegro) in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.04.
  • Index of export market penetration was 7.94.
  • World Growth in percentage was 12.59 and Serbia, FR(Serbia/Montenegro) Country Growth was 15.14 .