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Trade between Germany and Serbia

In 2024, Germany exported $4.8 billion to Serbia and imported $5.1 billion. Germany ran a deficit of $317 million with Serbia, compared with a surplus of $568 million in 2019. Serbia was Germany’s 42nd largest trading partner (0.4% of its trade), and Germany was Serbia’s largest (13%).

Summary

Germany → Serbia
$4.8billion
Serbia → Germany
$5.1billion
Germany’s balance
-$317million

Balance

Germany’s trade balance with Serbia

Trade between Germany and Serbia grew 125-fold since 1995

USD billions (current). Germany’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 4.8
  • Imports 5.1
  • Balance -0.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$74 million$4 million$70 million
1996$529 million$179 million$350 million
1997$623 million$314 million$308 million
1998$644 million$383 million$261 million
1999$442 million$198 million$245 million
2000$512 million$209 million$304 million
2001$602 million$271 million$331 million
2002$859 million$286 million$572 million
2003$966 million$320 million$645 million
2004$1.5 billion$407 million$1.1 billion
2005$1.3 billion$456 million$859 million
2006$1.4 billion$690 million$713 million
2007$2.2 billion$1 billion$1.2 billion
2008$2.8 billion$1.3 billion$1.5 billion
2009$1.7 billion$962 million$747 million
2010$1.6 billion$1.1 billion$505 million
2011$2.1 billion$1.4 billion$664 million
2012$2 billion$1.4 billion$631 million
2013$2.1 billion$1.7 billion$405 million
2014$2.1 billion$1.8 billion$311 million
2015$2.1 billion$1.7 billion$404 million
2016$2.1 billion$1.9 billion$188 million
2017$2.5 billion$2.2 billion$337 million
2018$3 billion$2.3 billion$658 million
2019$3.1 billion$2.5 billion$568 million
2020$3.2 billion$2.6 billion$639 million
2021$4 billion$3.3 billion$732 million
2022$4.1 billion$4.1 billion-$44 million
2023$4.5 billion$4.7 billion-$275 million
2024$4.8 billion$5.1 billion-$317 million

What they sell each other

What Germany sells to Serbia

The top 10 headings in 2024, with their share of the total.

  1. Cars$354 million · 7.4%
    33 thousand tonnes · Germany’s destinations
  2. Copper wire$232 million · 4.9%
    24 thousand tonnes
  3. Medicines in measured doses or retail packs$225 million · 4.7%
    4 thousand tonnes · Germany’s destinations
  4. Motor and generator parts$108 million · 2.3%
    11 thousand tonnes
  5. Auto parts$92 million · 1.9%
    9 thousand tonnes · Germany’s destinations
  6. Low-voltage switches and connectors$88 million · 1.8%
    2 thousand tonnes
  7. Other plastic articles$82 million · 1.7%
    3 thousand tonnes
  8. Vaccines, blood and antisera$70 million · 1.5%
    405 tonnes · Germany’s destinations
  9. Other industrial machines$66 million · 1.4%
    2 thousand tonnes
  10. Airplanes and helicopters$66 million · 1.4%
    21 tonnes · Germany’s destinations

What Serbia sells to Germany

The top 10 headings in 2024, with their share of the total.

  1. Cables and wire$668 million · 13.2%
    23 thousand tonnes · Serbia’s destinations
  2. Electric motors and generators$501 million · 9.9%
    31 thousand tonnes
  3. Auto parts$420 million · 8.3%
    32 thousand tonnes · Germany’s sources
  4. Motor and generator parts$264 million · 5.2%
    28 thousand tonnes
  5. Turbojets and gas turbines$211 million · 4.2%
    4 thousand tonnes · Germany’s sources
  6. Vehicle lights and signals$149 million · 2.9%
    8 thousand tonnes
  7. Detergents and surfactants$132 million · 2.6%
    40 thousand tonnes
  8. Frozen fruit$125 million · 2.5%
    50 thousand tonnes
  9. Air pumps, compressors and fans$119 million · 2.4%
    4 thousand tonnes
  10. Medicines in measured doses or retail packs$113 million · 2.2%
    4 thousand tonnes · Germany’s sources

How it travels

Estimated sea route from Hamburg to Bar (Montenegro).

The estimated sea route between Hamburg and Bar (Montenegro) is 3,141 nautical miles (5,817 km) long: ≈ 7.5–9.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Dover and Strait of Gibraltar.

Serbia is landlocked: it ships through Bar (Montenegro).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$7.9 billion · 80.1%
  2. Air$2 billion · 19.9%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Serbia was Germany’s 42nd largest trading partner (0.4% of its trade), and Germany was Serbia’s largest (13%).

Serbia in Germany’s trade
0.4%
Serbia’s rank among Germany’s partners
42nd
Germany in Serbia’s trade
13.2%
Germany’s rank among Serbia’s partners
1st

Compare with

Other partners of Germany

Other partners of Serbia

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.