Why is Serbia a strong exporter of copper and electrical equipment?

Serbia has highly positive net exports in the international trade of copper and insulated wire or cable and electric motors or generators. In turn, these cashflows indicate Serbia’s strong competitive advantages under the copper and electrical machinery and equipment product categories.

What are the top exports of Serbia in 2023?

In 2023, the top exports of Serbia were Insulated Wire ($2.32B), Electricity ($1.88B), Copper Ore ($1.52B), Electric Motors ($990M), and Rubber Tires ($863M). The top destinations were Germany ($4.76B), Hungary ($2.26B), Bosnia and Herzegovina ($1.77B), Italy ($1.72B), and Romania ($1.59B).

What are the major exports of Serbia?

The most recent exports are led by Insulated Wire ($2.21B), Electricity ($1.64B), Copper Ore ($1.52B), Electric Motors ($1.01B), and Rubber Tires ($886M). The most common destination for the exports of Serbia are Germany ($4.82B), Bosnia and Herzegovina ($2B), Hungary ($1.86B), Italy ($1.86B), and Romania ($1.58B).

Which Serbian products have the best production and export potential?

The Serbian products with the best production and export potential remain grains, oilseeds, sugar, fruits, vegetables, non-alcoholic beverages, water, and confectionary products. Effective January 1, 2014, under the Stabilization and Association Agreement, the tariffs on most EU agri-food products were reduced from 23 percent to zero percent.