Applied tariffs
Simple average MFN applied
2023
*
7.3 %
Trade-weighted MFN average
2023
*
6.9 %
Share of MFN duty-free
2023
1.3 %
Bound tariffs
This economy is not a WTO member; therefore, no bound tariff indicators are applicable.
Imports
Total imports: 42,245.4 million USD in 2024
Imports by partner
European Union
56.3 %
23,771.7
million USD
China
13.1 %
5,552.8
million USD
Türkiye
5.3 %
2,247.9
million USD
Russian Federation
3.3 %
1,391.7
million USD
Bosnia and Herzegovina
2.5 %
1,042.1
million USD
United States of America
1.8 %
739.4
million USD
Iraq
1.5 %
613.2
million USD
Switzerland
1.3 %
568.6
million USD
Kazakhstan
1.3 %
540.7
million USD
North Macedonia
1.1 %
480.2
million USD
Rest of the World
12.5 %
5,297.0
million USD
Imports by products HS 2022
999999
Unspecified products
12.7 %
5,373.3
million USD
270900
Petroleum oils and oils obtained from bituminous minerals, crude
3.8 %
1,620.3
million USD
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, put up in measured doses "incl. those for transdermal administration" or in forms or packings for retail sale (excl. containing antibiotics, hormones or steroids used as hormones, alkaloids, provitamins, vitamins, their derivatives, antimalarial active principles and blinded clinical trial kits)
3.0 %
1,260.6
million USD
271121
Natural gas in gaseous state
2.5 %
1,072.6
million USD
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.
1.8 %
746.7
million USD
271600
Electrical energy
1.7 %
706.3
million USD
850300
Parts suitable for use solely or principally with electric motors and generators, electric generating sets and rotary converters, n.e.s.
1.0 %
426.0
million USD
870332
Motor cars and other motor vehicles principally designed for the transport of <10 persons, incl. station wagons and racing cars, with only diesel engine of a cylinder capacity > 1.500 cm³ but <= 2.500 cm³ (excl. vehicles for travelling on snow and other specially designed vehicles of subheading 8703.10)
0.9 %
390.6
million USD
854449
Electric conductors, for a voltage <= 1.000 V, insulated, not fitted with connectors, n.e.s.
0.8 %
334.9
million USD
260300
Copper ores and concentrates
0.7 %
310.8
million USD
Rest of the products
71.0 %
30,003.3
million USD
Exports
Total exports: 31,586.4 million USD in 2024
Exports by destination
European Union
61.1 %
19,291.9
million USD
Bosnia and Herzegovina
6.7 %
2,102.1
million USD
China
6.0 %
1,903.0
million USD
Montenegro
4.5 %
1,417.5
million USD
Türkiye
3.5 %
1,106.1
million USD
North Macedonia
3.2 %
1,025.7
million USD
Russian Federation
3.0 %
959.1
million USD
United States of America
2.1 %
670.1
million USD
United Kingdom
1.5 %
466.2
million USD
Albania
0.9 %
277.7
million USD
Rest of the World
7.5 %
2,366.9
million USD
Exports by products HS 2022
854430
Ignition wiring sets and other wiring sets for vehicles, aircraft or ships
5.4 %
1,712.3
million USD
260300
Copper ores and concentrates
5.1 %
1,626.2
million USD
740311
Copper, refined, in the form of cathodes and sections of cathodes
4.3 %
1,346.3
million USD
271600
Electrical energy
2.3 %
740.0
million USD
999999
Unspecified products
1.7 %
546.0
million USD
401110
New pneumatic tyres, of rubber, of a kind used for motor cars, incl. station wagons and racing cars
1.7 %
538.7
million USD
340250
Surface-active preparations, washing preparations, auxiliary washing preparations and cleaning preparations put up for retail sale (excl. organic surface-active agents, soap and organic surface-active preparations in the form of bars, cakes, moulded pieces or shapes, and products and preparations for washing the skin in the form of liquid or cream)
1.4 %
449.5
million USD
100590
Maize (excl. seed for sowing)
1.3 %
406.7
million USD
850110
Motors of an output <= 37,5 W
1.2 %
372.8
million USD
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, put up in measured doses "incl. those for transdermal administration" or in forms or packings for retail sale (excl. containing antibiotics, hormones or steroids used as hormones, alkaloids, provitamins, vitamins, their derivatives, antimalarial active principles and blinded clinical trial kits)
1.2 %
369.1
million USD
Rest of the products
74.3 %
23,478.8
million USD
Preferential regimes provided by Serbia
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Serbia as a beneficiary based on other economies reported preferential regimes
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