Germany-Serbia Bilateral Trade Analysis 2023
Complete trade statistics: $9.95B total volume •Germany surplus: $308.40M
Germany → Serbia
$5.13B
Exports (2023)
Serbia → Germany
$4.82B
Imports (2023)
Trade Balance
$308.40M
Surplus for Germany
Total Trade
$9.95B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Germany and Serbia. Green line shows exports from Germany, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Germany-Serbia commercial relationship and competitive positioning in global markets.
Germany → Serbia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Germany's export portfolio to Serbia demonstrates strong diversification across multiple sectors, with medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale representing a key competitive advantage in this bilateral market.
Serbia → Germany Imports
Import Dependency Profile
📦 Import Strategy Analysis
Germany's import pattern from Serbia reveals strategic sourcingin insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Germany demonstrates competitive strength in exportingmedicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale to Serbia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $9.95B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Germany-Serbia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $9.95 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Germany maintains a surplus of $308.40 million
- Export Focus: Germany's primary exports include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, copper: wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm, vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc
- Import Dependencies: Key imports from Serbia include insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, electric motors and generators: parts suitable for use solely or principally with the machines of heading no. 8501 or 8502, vehicle parts and accessories: n.e.c. in heading no. 8708
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $9.95B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Germany leveraging its comparative advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Germany's specialization in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail salecomplements Serbia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $9.95B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $9.95B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $9.95 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale and insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Germany's trade surplus of $308.40 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Germany and Serbia represents a total trade volume of $9.95 billion in 2023. This partnership demonstrates a favorable trade balance for Germany, with exports exceeding importsby $308.40 million.
Export Strengths
Germany's exports to Serbia total $5.13 billion, with competitive advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, representing $241.57M or4.7% of bilateral exports.
Import Dependencies
Imports from Serbia amount to $4.82 billion, highlighting economic interdependence in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, with Insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships comprising12.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Germany's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Germany and Serbia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023