2022
Exports
$92.1kWorld Rnk 85 / 128
Flag Rnk 948 / 1171
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$249MWorld Rnk 37 / 130
Flag Rnk 24 / 1196
2022
ECONOMIC COMPLEXITY of Serbia
0.75Rnk 36 / 133

About

Exports In 2022, Serbia exported $92.1k in Iron Ore, making it the 85th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 948th most exported product in Serbia. The main destination of Iron Ore exports from Serbia are: North Macedonia ($84.7k), Czechia ($7.27k), Netherlands ($104), and France ($3).

The fastest growing export markets for Iron Ore of Serbia between 2021 and 2022 were Czechia ($7.27k) and France ($3).

Imports In 2022, Serbia imported $249M in Iron Ore, becoming the 37th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 24th most imported product in Serbia. Serbia imports Iron Ore primarily from: South Africa ($82.1M), Ukraine ($75.3M), Russia ($43.4M), China ($16.3M), and Australia ($12.2M).

The fastest growing import markets in Iron Ore for Serbia between 2021 and 2022 were South Africa ($34.8M), China ($16.3M), and Australia ($12.2M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$92.1k
IMPORTS (2022)$249M
NET TRADE (2022)-$249M

In 2022, Serbia exported $92.1k in Iron Ore. The main destinations of Serbia exports on Iron Ore were North Macedonia ($84.7k), Czechia ($7.27k), Netherlands ($104), and France ($3).

In 2022, Serbia imported $249M in Iron Ore, mainly from South Africa ($82.1M), Ukraine ($75.3M), Russia ($43.4M), China ($16.3M), and Australia ($12.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Serbia WERE (2021 - 2022):
Czechia$7.27k (1%)
France$3 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Serbia WERE (2021 - 2022):
North Macedonia-$41.2k (-32.7%)
Turkey-$7k (-100%)
Ukraine-$1.14k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Serbia's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Serbia's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCzechia+ $14k
TOP IMPORT POTENTIALAustralia+ $11.3M

Iron Ore’s highest export potential is Czechia. With an export gap of $14k.   Iron Ore’s highest import potential is Australia with an import gap of $11.3M.

See methodology.

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