Here are the top 10 export categories from Serbia in 2024, based on UN COMTRADE and national trade data (total exports ≈ US $31.6 billion) worldstopexports.com+3tr.tradingeconomics.com+3trendeconomy.com+3:
| 🏅 Rank | Export Category (HS Chapter) | 2024 Export Value | % of Total Exports |
|---|---|---|---|
| 1️⃣ | Electrical & Electronic Equipment (HS 85) | US $5.16 B | ~16.3% |
| 2️⃣ | Motor Vehicles & Parts (HS 87) | US $2.42 B | ~7.7% |
| 3️⃣ | Non‑Ferrous Metals (incl. Copper) (HS 74) | US $2.01 B | ~6.4% |
| 4️⃣ | Machinery, Nuclear Reactors & Boilers (HS 84) | US $1.81 B | ~5.7% |
| 5️⃣ | Plastics & Plastic Articles (HS 39) | US $1.67 B | ~5.3% |
| 6️⃣ | Rubber & Rubber Products (HS 40) | US $1.29 B | ~4.1% |
| 7️⃣ | Ores, Slag & Ash (HS 26) | US $1.55 B | ~4.9% |
| 8️⃣ | Mineral Fuels, Oils & Distillation Products (HS 27) | US $1.88 B (2023) | ~6.1% |
| 9️⃣ | Furniture, Lighting & Prefab Buildings (HS 94) | US $1.01 B | ~3.2% |
| 🔟 | Copper & Articles Thereof (part of HS 74) | ~US $1.0 B | ~3.2% |
Note: HS 27 figure reflects 2023 data as 2024 details are still forthcoming serbia-business.eu+3tr.tradingeconomics.com+3trendeconomy.com+3globaledge.msu.eduen.wikipedia.orgglobaledge.msu.edu+4tradingeconomics.com+4tr.tradingeconomics.com+4trendeconomy.com+1worldstopexports.com+1.
🌍 Highlights
- Electrical & electronic equipment lead Serbia’s exports, generating US $5.16 B, or ~16% of all exports .
- Motor vehicles and parts are strong at US $2.42 B (~7.7%) tradingeconomics.com+7en.wikipedia.org+7globaledge.msu.edu+7.
- Metals, plastics, and machinery provide balanced industrial output: non-ferrous metals (incl. copper) US $2.01 B, plastics US $1.67 B, rubber US $1.29 B .
- Furniture & prefabricated buildings have gained ground with over US $1 B in exports serbia-business.eu+2worldstopexports.com+2trendeconomy.com+2.
- Serbia’s mineral fuels and ores are also significant, though 2024 data for fuels (HS 27) is pending (~US $1.88 B in 2023) tradecouncil.org+7tradingeconomics.com+7tr.tradingeconomics.com+7.
📊 Snapshot Table (2023 vs 2024)
| HS Code | Product Group | 2023 Value | 2024 Value |
|---|---|---|---|
| 85 | Electrical & Electronic Equipment | $5.11 B | $5.16 B |
| 87 | Vehicles & Parts | $1.20 B | $2.42 B?¹ |
| 74 | Non‑ferrous Metals (Copper etc.) | $0.84 B | $2.01 B² |
| 84 | Machinery etc. | $2.65 B | $1.81 B |
| 39 | Plastics | $1.31 B | $1.67 B |
| 40 | Rubber & Rubber Products | $1.29 B | $1.29 B |
| 26 | Ores, Slag & Ash | $1.55 B | $1.55 B |
| 27 | Mineral Fuels & Oils | $1.88 B | N/A³ |
| 94 | Furniture etc. | $1.01 B | $1.01 B |
¹ Vehicle figure reconciles multiple datasets.
² Copper/Metals part of non‑ferrous total.
³ 2024 HS 27 data not yet available—2023 used.
🔍 Key Insights
- Manufacturing and industrial processing dominate Serbia’s export economy—especially electronics, vehicles, metals, and machinery.
- Metals and ores remain strong, but fluid commodities (fuels) fluctuate yearly.
- Furniture and rubber products are steady mid-tier exporters.
- Agriculture and food production also contribute, albeit not in the to
Here’s a detailed analysis of Serbia’s 2023–24 exports of Electrical & Electronic Equipment (HS 85), its #1 export category, valued at US $5.16 billion in 2024 (~16% of total merchandise exports) :
⚡️ 1. Export Value & Share
- 2023 exports: US $5.11 B
- 2024 exports: US $5.16 B (~+1%)
- That’s ~16.3% of Serbia’s total exports (~US $31.6 B) .
🌍 2. Top Destinations (2023)
| Country | Export Value | Share of HS 85 | Highlights |
|---|---|---|---|
| Germany | US $1.85 B | 36% | Largest market reddit.com+15trendeconomy.com+15tradingeconomics.com+15 |
| Hungary | US $555 M | 10.8% | Major regional buyer |
| Czechia | US $420 M | 8.2% | — |
| Slovakia | US $369 M | 7.2% | — |
| Sweden | US $253 M | 5.0% | — |
| Poland | US $201 M | 3.9% | — |
| Italy | US $154 M | 3.0% | — |
| Romania | US $125 M | 2.5% | — |
| Austria | US $123 M | 2.4% | — |
| N. Macedonia | US $97 M | 1.9% | — |
🧩 3. HS 85 Product Mix (2023)
- HS 8544 (Insulated wire/cable): US $2.16 B (42%)
- HS 8501 (Electric motors & generators): US $953 M (18.6%)
- HS 8503 (Motor/generator parts): US $386 M (7.6%)
- HS 8536 (Switches, relays, sockets): US $349 M (6.8%)
- HS 8512 (Vehicle lighting, wipers): US $197 M (3.9%)
- HS 8537 (Control panels, distribution boards): US $190 M (3.7%)
- HS 8516 (Heaters, hairdryers): US $170 M (3.3%)
- HS 8542 (ICs/microassemblies): US $158 M (3.1%)
- HS 8504 (Transformers, converters): US $111 M (2.2%)
- HS 8517 (Telecom apparatus): US $66 M (1.3%) serbia-business.eu+9trendeconomy.com+9tradingeconomics.com+9
🏗 4. Notable Highlights
- Germany represents the core of Serbia’s market—~1/3 of all HS85 exports en.wikipedia.org+1serbia-business.eu+1.
- For example, cables to Germany alone account for ~US $646 M .
- Exports to China were modest (~US $19.8 M), focused on switching apparatus, motors, ICs, signalling gear .
- Russia received US $60.6 M, led by heaters, cables, and control apparatus .
📊 5. Imports & Trade Balance
- Serbia imported US $3.84 B in HS 85 in 2023—exports slightly exceeded imports trendeconomy.com.
- Indicates Serbia is a net electronics exporter, a strong position in regional supply chains.
✅ Summary Table
| Category | Value (US M) | Share |
|---|---|---|
| Total HS 85 Exports (2024) | 5,160 | 16% of exports |
| Germany | 1,850 | 36% |
| Insulated wire/cable (HS 8544) | 2,160 | 42% of HS85 |
| Motors & generators (HS 8501) | 953 | 19% |
| Switches/relays (HS 8536) | 349 | 7% |
| ICs & microassemblies (HS 8542) | 158 | 3% |
| Trade balance (exports vs. imports) | Surplus ~1.3B | — |
🔍 Key Insights
- Wire & cable manufacturing is Serbia’s electronic export cornerstone.
- Electric motors and motor parts are also major contributors.
- Germany dominates both in volume and diversity of products.
- Serbia sustains a net trade surplus in HS 85 thanks to its diverse manufactured electronics.
Here’s an in-depth overview of Serbia’s “Motor Vehicles & Parts” exports (HS 87), its #2 export category, valued at US $2.42 billion in 2024 (~7.7% of exports) tradingeconomics.com+2wits.worldbank.org+2worldstopexports.com+2:
🚗 1. Export Value & Ranking
- 2024: US $2.42 billion, ranking Serbia’s 2nd-largest export category after electrical goods reddit.com.
🌍 2. Major Destinations
- Germany: Serbia’s top destination, accounting for about US $520 million in vehicle & parts exports in 2022 .
- Romania, Bulgaria, Hungary, Croatia, Austria, Turkey, and Bosnia & Herzegovina also receive substantial exports, especially for parts & buses/trucks stat.gov.rs+15wits.worldbank.org+15trendeconomy.com+15.
🧩 3. Export Product Breakdown
A. Vehicles (HS 8701–8705)
- Public transport vehicles (HS 8702): Exports reached US $31 million in 2023 to EU countries like Spain, Germany, Greece .
B. Parts & Accessories (HS 8708)
- Serbia exported ~US $84.5 million worth of “parts NEI (870899)” to EU buyers in 2023—massively supplied by the EU itself to Serbia, showing a strong parts trade link wits.worldbank.org.
- Brake system parts (HS 870839): Serbia’s global exports totaled US $9.56 million in 2023 wits.worldbank.org+3wits.worldbank.org+3wits.worldbank.org+3.
- Specific parts like clutches, bumpers, wheels, and motorcycle components also constitute notable export segments, often heading to EU markets.
🔄 4. Trade Dynamics & Industry Context
- Serbia imported US $3.7B in vehicles & parts in 2022—higher than exports—indicating a trade deficit in HS 87 and a strong integration into assembly and parts manufacturing networks reddit.com+1reddit.com+1.
- The domestic motor vehicle trade (retail and wholesale) grew ~11–12% YoY in Q2–Q4 2023, reflecting a buoyant local market .
- Serbia’s automotive sector is a crucial component of its industrial base—representing ~15–18% of industrial output and exports, with strong FDI presence (e.g., Fiat/LEONI) .
✅ Summary Table
| Category | Export Value (US M) | Notes |
|---|---|---|
| Total HS 87 Exports (2024) | 2,420 | 2nd-largest export |
| Germany | ~520 | Main destination |
| Public transport vehicles (HS 8702) | 31 (2023) | EU markets |
| Parts NEI (870899) | 84.5 (exports from EU to Serbia) | Strong parts trade |
| Brake parts (HS 870839) | 9.56 (2023) | Specialized components |
| Motor vehicle imports (2022) | 3,700 | Indicates trade deficit |
🔍 Key Insights
- Serbia’s HS 87 exports are powered by parts manufacturing, passenger transport vehicles, and to a lesser extent, buses/trucks.
- Germany is the prime destination, while regional EU neighbors also import significant volumes.
- The automotive sector is balanced by heavy imports, supporting domestic vehicle assembly and parts supply chains.
- Local trade growth, combined with a strong automotive manufacturing base, underpins the industry’s competitiveness.
Here’s an enhanced overview of Serbia’s “Plastics & Plastic Articles” exports (HS 39), the country’s 5th-largest merchandise export category:
📦 1. Export Value & Rank
- 2023 Exports: US $1.31 billion, ranking 5th in Serbia’s export structure and representing around 4.1% of total exports (~US $31.6 B) tradecompetitivenessmap.intracen.org+9id.tradingeconomics.com+9volza.com+9.
- After growing 17% in 2021, exports stabilized around that level in 2022–2023 indexbox.io.
2. ⚙️ Product Composition
A. Overall Category Performance
- Serbia’s Trade Performance Indicators:
- Exports: US $8.26 M
- Imports: US $7.99 M
- Revealed Comparative Advantage (RCA): 0.7 (low) reddit.com+1tradingeconomics.com+1.
- Trade Competitiveness Index: Averaging 10.2 (low) tradecompetitivenessmap.intracen.org+1tradecompetitivenessmap.intracen.org+1.
B. Subcategory Insights
- Plastic Supports (HS 392350): ~US $8.8 M in 2022; top export markets include Romania, North Macedonia, Turkey, Germany indexbox.io+1volza.com+1.
- Plastic Household Articles: Exports rose to US $47 M in 2021, then eased to US $37.5 M in 2022. Key markets: Romania, Bosnia, Slovenia, Germany, Italy indexbox.io.
- Detailed flows to China (2023): Over US $1.44 M—covering styrene polymers ($520K), tubes/pipes ($316K), packaging stoppers ($106K), sheets/films ($124K) reddit.com+10tradingeconomics.com+10tradingeconomics.com+10.
- Exports to the U.S. (2023): US $6.34 M, largely packing stoppers ($3.8M), tubing ($907K), kitchenware ($607K) tradingeconomics.com.
🌍 3. Key Markets Overview
- China: US $1.4 M via diverse plastic items indexbox.io+1mys.databasesets.com+1.
- United States: US $6.3 M, focused on packing & household items .
Additionally, neighboring countries and EU trading pairs (e.g., Romania, Bosnia, Italy) are consistent buyers of niche and household plastic articles indexbox.io.
📈 4. Industry Trends & Outlook
- Plastic supports exports grew steadily from US $7.94 M in 2019 to US $8.75 M in 2022 (+3.3% CAGR) indexbox.io.
- Household plastics climbed to US $47 M in 2021, then moderated to US $37 M in 2022, driven by demand in SE Europe indexbox.io+1indexbox.io+1.
- Serbia’s plastics export sector shows steady but modest growth, with opportunities in specialized products like supports and household articles.
✅ Summary Table
| Metric / Subcategory | Value (2022–2023) |
|---|---|
| Total HS 39 exports (2023) | US $1.31 B |
| Ranking | 5th-largest export group |
| Plastic Supports (HS 392350) | US $8.8 M (2022) |
| Household Articles | US $37.5 M (2022) |
| Exports to China (2023) | US $1.44 M |
| Exports to U.S. (2023) | US $6.34 M |
| RCA (HS 39) | 0.7 (low comparative advantage) |
| Trade Competitiveness Score | 10.2 (low) |
🔍 Key Takeaways
- HS 39 exports showcase niche specialization rather than bulk plastic manufacturing.
- Serbia mainly exports plastic supports and household items, earning modest but stable revenue.
- Trade is regionally diverse, with both EU and global shipments.
- Comparative advantage is modest, but focused product growth offers potential.
Here’s an in-depth look at Serbia’s “Rubber & Rubber Products” (HS 40) exports for 2023, ranking as the 6th largest export category (~US $1.29 billion, ~4.2%) reddit.com+7worldstopexports.com+7trendeconomy.com+7:
🧶 1. Export Volume & Ranking
- Total 2023 exports in HS 40: US $1.29 billion, approximately 4.2% of Serbia’s total exports (~US $31.6 B) .
2. 🧩 Key Product Segments
A. Tubes, Pipes & Hoses (HS 4009)
- 2023 Exports: US $117 million (23% increase vs 2022) .
- Represented 9.1% of total HS 40 exports, up from 7.7% in 2022.
B. Rubber Tires (HS 4011)
- A major item: US $106 million exported to the U.S. alone in 2023 (new pneumatic tires) reddit.com+15worldstopexports.com+15trendeconomy.com+15tradingeconomics.com+5tradingeconomics.com+5trendeconomy.com+5.
- Also substantial shipments to Europe (France, Spain, Poland, Italy) during 2023–24 .
C. Other Vulcanized Rubber Articles (HS 4016)
- 2023 exports: US $17 million trendeconomy.com+2worldstopexports.com+2en.wikipedia.org+2.
- Technical goods like conveyor belts, seals, etc. Note: HS 40 category performance indicators are moderate; RCA ~0.7 .
🌍 3. Export Destinations
| Country | HS 40 Segment | 2023 Export Value |
|---|---|---|
| Germany | Other vulcanized rubber | US $185 M reddit.com+10tradingeconomics.com+10trendeconomy.com+10 |
| China | Various rubber goods | US $2.17 M |
| Russia | Mixed rubber products | US $25.9 M |
| United States | New tires | US $106 M |
| Italy | Reclaimed rubber | ~45% of exports (~US $?) |
| Croatia, Ireland | Reclaimed rubber | 20% / 10% shares |
4. 🔄 Trade & Industry Trends
- Tubes/pipes exports surged 23% in 2023 to US $117 M, signaling strong industrial demand in region reddit.com+9trendeconomy.com+9reddit.com+9.
- Tire exports remain robust, especially to the U.S. — nearly all were pneumatic, new tires (US $106 M) .
- Synthetic rubber exports (~US $26 M) are projected to decline modestly to ~US $24.7 M by 2028, down from ~US $26.3 M in 2023 reportlinker.com.
- Reclaimed rubber exports (~US $?) are primarily sent to Italy, Croatia, Ireland—average price ~$885/ton, imports ~$1,276/ton indexbox.io.
- Serbia shows net positive trade in rubber products, with strong export segments balancing imports (e.g., seals, hoses, tires).
✅ Summary Table
| Segment | 2023 Export Value | Notes |
|---|---|---|
| Total HS 40 Exports | US $1.29 B | 6th largest export |
| HS 4009 – Rubber tubes/pipes/hoses | US $117 M | +23% YoY |
| HS 4011 – New pneumatic tires to U.S. | US $106 M | Major product |
| HS 4016 – Other vulcanized articles | US $17 M | Technical goods |
| Rubber to Germany | US $185 M | Key EU partner |
| Synthetic rubber forecast to 2028 | ~$24.7 M export | Slight decline |
| Reclaimed rubber avg price | ~$885/ton | Export weighted |
🔍 Key Takeaways
- HS 40 is among Serbia’s top industrial exports, driven by rubber tubes, hoses, and automotive tires.
- Tubes/pipes saw significant growth, reflecting regional industrial activity.
- Tire exports to the U.S. are large and consistent.
- The sector holds a diverse product mix—from industrial hoses to reclaimed rubber—serving both domestic and global demand.
- Growth prospects are moderate for synthetic rubber, but reclaimed and technical segments show stable competitiveness.
Here’s a detailed overview of Serbia’s “Ores, Slag & Ash” (HS 26) exports based on the latest data:
⛏️ 1. Export Value & Ranking
- 2023 Exports: US $1.55 billion, making HS 26 Serbia’s 7th-largest export category (~4.9% of total exports ~US $31.6B) reddit.com+12id.tradingeconomics.com+12trendeconomy.com+12trendeconomy.com.
- Steady presence among top exports — slightly behind rubber and plastics.
📈 2. Trade Competitiveness
- According to ITC:
- Revealed Comparative Advantage (RCA): 0.1
- Trade Performance Index: 99.7 (High) trendeconomy.com+1id.tradingeconomics.com+1tradecompetitivenessmap.intracen.org.
- While RCA is low, Serbia is a notable exporter, indicating specialization in select subcategories.
🌍 3. Top Export Markets (2023–2024)
| Partner | Value (US M) | Product Focus |
|---|---|---|
| China | US $842.6 M | Copper ores & concentrates trendeconomy.com+5tradingeconomics.com+5id.tradingeconomics.com+5 |
| Poland | US $24.7 M | Zinc ores & concentrates |
| Sweden | US $48.8 M | Copper ores & concentrates |
| Turkey | US $0.327 M | Ash & metal residues |
| Albania | US $0.117 M | Iron/steel slag products |
Note: Different sub-segments (like copper ores) dominate across markets.
🧩 4. Product Scope & Drivers
HS 26 covers:
- Copper ores & concentrates: Central export, especially to China.
- Zinc & other metal ores: Exported to Poland and beyond.
- Ash, slag & residues: Lower-volume but industrially significant, used in cement and steel.
- Non-iron/steel residues saw ~US $9.8 M in exports (2023), up ~14% YoY tradingeconomics.com+8trendeconomy.com+8tradingeconomics.com+8.
🔄 5. Export Trends
- HS 26 exports rose to US $1.55 B in 2023 from ~US $1.2 B in 2022 .
- Exports to China alone (~US $842 M) reflect a strong export surge in copper ores .
- Growth in slag and residue exports (used in construction/industry) – e.g., non-iron slag increased ~14%.
✅ Summary Table
| Feature | 2023 Value | Notes |
|---|---|---|
| HS 26 Exports Total | US $1.55 B | 7th-ranked category |
| RCA | 0.1 | Low revealed advantage |
| Trade Performance Index | 99.7 | High competitiveness |
| Major Destination (China) | US $842 M | Copper ores |
| Notable markets | Poland, Sweden | Zinc, other ores |
| Slag & residues exports | US $9.8 M | +14% YoY growth |
🔍 Key Insights
- Copper ores drive the category, accounting for over half of HS 26 exports.
- Serbia is well-positioned in global slag/residue markets, especially in niche industrial applications.
- Despite low RCA, Serbia exhibits high export performance, particularly in copper ores—highlighted by strong trade with China.
- The category shows positive momentum, contributing to stable industrial export dynamics.
Here’s a detailed overview of Serbia’s “Mineral Fuels, Oils & Distillation Products” (HS 27) exports based on the latest figures from 2023, with context that 2024 data isn’t yet available:
🛢️ 1. Export Volume
- Total 2023 exports: US $1.88 billion (~6.1% of Serbia’s total exports of ~US $30.9 b) reddit.com+11ar.tradingeconomics.com+11tradingeconomics.com+11.
- This category is the 3rd-largest export sector, following Electrical Equipment and Machinery it.tradingeconomics.com.
📉 2. Competitiveness Indicators
- Revealed Comparative Advantage (RCA): 0.4 (low), implying Serbia’s fuel exports are moderate in global terms .
- Trade Performance Index: ~19–47 (average to high), indicating strong export momentum and stable market presence .
🌍 3. Main Export Markets (2023)
- Romania: US $553 million, primarily for electrical energy and petroleum residues tradingeconomics.com+2tradingeconomics.com+2tradingeconomics.com+2.
- North Macedonia: US $179 million, mostly electrical energy (
$150M), followed by petroleum oils ($18M) tradingeconomics.com. - United States: Minimal—US $7 M in petroleum oils; negligible in broader fuel mix tradecompetitivenessmap.intracen.org+6tradingeconomics.com+6tradingeconomics.com+6.
Local trade also likely extends to Bosnia & Herzegovina, Hungary, and other regional neighbors—though detailed data is still pending.
🔌 4. Product Mix
HS 27 includes:
- Electrical energy (coded under HS 2716): A major growth driver—accounted for ~US $538M to Romania and ~US $150M to North Macedonia reddit.comwits.worldbank.org.
- Petroleum products: oils, bitumen, waxes, LPG—smaller but steady flows to regional partners .
📈 5. Key Trends & Context
- Serbia maintains a stable fuel export sector despite moderate global competitiveness.
- Regional electricity exports to Romania & N. Macedonia are significant—a growing pillar within HS 27.
- Serbia’s RCA suggests limited scale internationally, but high Performance Index shows strong regional positioning.
✅ Summary Table
| Aspect | 2023 Value |
|---|---|
| Total HS 27 Exports | US $1.88 B |
| Share of Total Exports | ~6.1% |
| Trade Rank | 3rd-largest category |
| RCA | 0.4 (Low) |
| Trade Performance Index | 19–47 (Average–High) |
| Top Destinations | Romania ($553M), N. Macedonia ($179M), US ($7M) |
| Dominant Product Lines | Electrical energy, petroleum oils, residues |
🔍 Insights
- Serbia stands out as a regional fuel and energy exporter, particularly in electricity shipments.
- The modest RCA suggests limited global market share—but the strong Trade Performance Index confirms robust regional trade dynamics.
- Serbia’s reliance on energy neighbors like Romania and North Macedonia reflects its strategic export orientation.
Here’s a comprehensive overview of Serbia’s “Furniture, Lighting & Prefabricated Buildings” (HS 94) exports, its top-10 export category, with a 2023 export value of US $1.01 billion en.ru-stat.su+2tradingeconomics.com+2tradingeconomics.com+2:
🛋️ 1. Export Value & Strategic Position
- 2023 exports: US $1.01 billion, ranking HS 94 among Serbia’s top 10 export categories .
- Encompasses furniture, bedding, lighting fixtures, illuminated signs, and prefabricated buildings.
2. ⚙️ Product Breakdown
A. Other Furniture & Parts (HS 9403)
- Exported US $292 million in 2023 .
- Top destinations:
- Germany: US $36 M (12.2%)
- Romania: US $34 M
- France: US $24.7 M
- Bosnia & Herzegovina: US $22 M
- Montenegro: US $21 M
- Croatia: US $20.8 M
- Also Belgium, Switzerland, Austria, Italy received between US $11–16 M each publikacije.stat.gov.rs+5trendeconomy.com+5tradingeconomics.com+5.
B. Lighting Fixtures & Illuminated Signs (HS 9405)
- In 2023, Serbia exported US $72.4 M worth to Austria, dominating its HS 94 exports to that country tradingeconomics.com+1trendeconomy.com+1.
- Lighting industry is growing: projected to hit €380 M domestic value by 2028—exports expected to rise from €15 M in 2023 to €19 M by 2028 reportlinker.com.
C. Prefabricated Buildings
- In 2022, Serbia shipped ~14,000 t worth US $37 M, a +21% YoY growth ibisworld.org+2indexbox.io+2tradingeconomics.com+2.
- Export volumes were strongest to Germany, Austria, Hungary, and neighboring countries .
- Export price (CIF) averaged US $6,075/ton in Nov 2023 (prices vary: Netherlands higher, Croatia lower) indexbox.io+1belgrade-fair-hostess.com+1.
D. Lamps & Lighting Fittings (HS 9405 ± 9406)
- In 2023, Serbia exported US $72.4 M to Austria across lighting articles, illuminated signs, and some prefabricated structures tradingeconomics.com+3tradingeconomics.com+3en.ru-stat.su+3.
3. 🏭 Industry Landscape
- Furniture sector size (2024): Estimated at €486 M in revenue, with ~694 businesses and ~23,200 employees ibisworld.org+1img.ibisworld.com+1.
- The furniture industry showed a strong decline from 2019–2024 (CAGR –9.5%) but is projected to recover over 2024–2029 ibisworld.org+1img.ibisworld.com+1.
✅ Summary Table
| Segment | 2022–23 Value | Notes |
|---|---|---|
| Total HS 94 exports (2023) | US $1.01 B | 10th-largest export |
| HS 9403 (furniture) | US $292 M | Leading share |
| HS 9405 (lighting) exports to Austria | US $72.4 M | Strong niche |
| Prefabricated buildings (2022) | ~14,000 t, US $37 M | Growth +21% YoY |
🔍 Key Insights
- Furniture remains the core product, driven by EU markets like Germany and Romania.
- Lighting & illuminated signs are niche but growing—esp. to Austria—with export potential increasing.
- Prefabricated buildings, though smaller value, have shown strong growth and regional distribution.
- Despite recent declines, Serbia’s furniture manufacturing base is significant and poised for stabilization.
Here’s a detailed view of Serbia’s “Copper & Articles Thereof” (HS 74) exports for 2023, which ranked 9th among the country’s top exports, amounting to approximately US $838 million wits.worldbank.org+7tradingeconomics.com+7wits.worldbank.org+7:
🪙 1. Export Value & Global Rank
- Total HS 74 exports (2023): US $837.5 M, accounting for about 2.7% of Serbia’s total exports tradingeconomics.com.
- Notable growth: this category rose nearly 69% from the previous year .
🧩 2. Primary Export Segments
A. Copper Ores & Concentrates (HS 260300)
- Export value: US $1.46 B trendeconomy.com+15wits.worldbank.org+15trendeconomy.com+15.
- Major destinations (2023):
- China: US $842.6 M (~58%)
- South Korea: US $304 M
- Bulgaria: US $96.8 M
- Others include Brazil, Canada, Sweden tradingeconomics.com+11wits.worldbank.org+11trendeconomy.com+11.
- Average export price: US $1,405 per ton—lower than major exporters like Czechia or Canada worldstopexports.com.
B. Refined Copper Cathodes (HS 740311/7403)
- Export value: US $500 M in 2023 worldstopexports.com+10wits.worldbank.org+10trendeconomy.com+10.
- Principal buyers:
- China: US $301M (60%)
- Bulgaria: US $80.8 M
- Turkey: US $44.6 M
- Greece: US $25.2 M
- Italy, Germany also import cathodes trendeconomy.comreddit.com+15wits.worldbank.org+15wits.worldbank.org+15.
C. Copper Plates, Sheets & Strips (HS 7409)
- Export value: ~US $140 M (combining HS 740911/740921/740919) trendeconomy.com+1wits.worldbank.org+1.
- Key destinations include Czech Republic (US $39 M), Italy (US $17.8 M), Switzerland, Germany, USA, Poland, Bosnia, and Slovenia trendeconomy.com.
D. Copper Waste & Scrap (HS 7404)
- Export value: approx. US $58 M in 2023 .
🌍 3. Export vs. Imports
- Serbia also imported ~US $74 M of copper ores & concentrates, mainly from Bulgaria trendeconomy.com+4wits.worldbank.org+4wits.worldbank.org+4.
- For cathodes, there were ~US $67 M of imports in 2023 en.wikipedia.org+13trendeconomy.com+13trendeconomy.com+13.
- Thus, Serbia is a net exporter of copper ores and cathodes, but still imports value-added copper forms like plates.
🏭 4. Industry Players
- Zijin Bor Copper (owned by Zijin Mining and Serbia) is Serbia’s main copper producer and exporter wits.worldbank.org+2wits.worldbank.org+2wits.worldbank.org+2reddit.com+3en.wikipedia.org+3en.wikipedia.org+3.
- Valjaonica bakra Sevojno processes domestically mined copper into export-ready cathodes and semi-finished products reddit.com+2en.wikipedia.org+2en.wikipedia.org+2.
✅ Summary Table
| Segment | 2023 Export Value | Key Markets |
|---|---|---|
| Copper ores & concentrates (260300) | US $1.46 B | China, South Korea, Bulgaria |
| Refined copper cathodes (740311) | US $500 M | China, Bulgaria, Turkey, Greece |
| Copper plates/sheets/strips (7409) | US $140 M | Czech, Italy, Swiss, etc. |
| Copper scrap (7404) | US $58 M | Various |
| Average ore price | US $1,405/ton | Below major exporters |
| Net exporter status | Yes | — |
🔍 Key Insights
- Serbia is a significant global player in copper, exporting both raw ore and refined cathodes.
- China dominates, purchasing over half of Serbia’s copper ores and cathodes.
- The combination of mining (Zijin Bor) and processing (Valjaonica) enables Serbia to supply global markets across different stages of copper production.
- Export mix spans from ores to semi-finished goods, reflecting a robust and integrated industry.
Share To