Products Imported from China to Serbia

In the calendar year of 2023, China exported goods worth US$3.47 billion to Serbia. Among the main exports from China to Serbia were Broadcasting Equipment (US$287 million), Steam Boilers (US$180 million), Air Pumps (US$75.1 million), Office Machine Parts (US$66.97 million) and Air Conditioners (US$66.50 million). During the last 16 years the exports of China to Serbia have grown steadily at an annualized rate of 11%, rising from US$657 million in 2006 to US$3.47 billion in 2023.

List of All Products That Were Imported from China to Serbia

The table below presents a comprehensive list of all commodities that were exported from China to Serbia in 2023, categorized by product types, and ranked by their trade values in US dollars.

Tips to use this table

1. Identifying High-Demand Products: Analyze the top-ranked products to identify which items have the highest trade values. These products are likely to be in high demand in the Serbia market, presenting lucrative opportunities for importers and resellers.
2. Niche Market Exploration: Explore products with significant trade values that may not be commonly known. These niche products could represent untapped market segments with less competition, allowing resellers and importers to carve out a unique position in the market.

Last Updated: April, 2024

Note #1: The HS4 code, or Harmonized System 4-digit code, is part of the Harmonized Commodity Description and Coding System (HS). It’s an internationally standardized system for classifying goods in international trade.

Note #2: This table is regularly updated on an annual basis. Therefore, we encourage you to revisit frequently to access the latest information regarding trade between China and Serbia.

Trade Agreements between China and Serbia

China and Serbia have developed a strong partnership that includes economic cooperation, infrastructure projects, and direct investments underpinned by strategic bilateral agreements and participation in China-led multilateral initiatives. This relationship is a part of China’s broader engagement with Eastern Europe and is facilitated through various frameworks designed to enhance trade and economic development.

1. Bilateral Agreements

While there might not be a specific standalone free trade agreement between China and Serbia, the two countries have signed several bilateral agreements that facilitate economic cooperation and trade:

• Economic and Technical Cooperation Agreements: These agreements cover various aspects of economic collaboration, including direct investments, development aid, and technical assistance, which indirectly support trade activities by enhancing infrastructure and the business environment in Serbia.
• Cultural and Educational Exchanges: Agreements in these areas help to strengthen bilateral ties and improve mutual understanding, creating a favorable environment for economic and trade negotiations.

2. Infrastructure Development and Investment

China considers Serbia a critical part of its Belt and Road Initiative (BRI), through which it aims to enhance global trade routes. Significant Chinese investments in Serbian infrastructure underscore this strategy:

• Transportation Infrastructure: China is involved in major projects such as the construction and modernization of railroads and roads, including the Budapest-Belgrade railway, which is part of a larger project to improve cargo shipping times from Greece to Central Europe.
• Energy Sector: Investments in energy infrastructure, including the funding of thermal power stations and renewable energy projects, are crucial components of the bilateral cooperation, enhancing Serbia’s energy security and capacity.

3. China-Central and Eastern Europe Countries (CEEC) or “17+1” Initiative

Serbia is an active participant in the 17+1 initiative, a platform aimed at expanding cooperation between China and Central and Eastern European countries. This initiative enhances economic, trade, and cultural ties and includes:

• Investment Conferences: These gatherings promote direct dialogue between Chinese investors and Serbian businesses, facilitating investment deals and joint ventures.
• Trade Fairs and Expositions: Such events are crucial for promoting Serbian products in the Chinese market, enhancing export opportunities.

4. Trade Facilitation Agreements

China and Serbia work together under several agreements that simplify trade procedures, reduce tariffs on specific goods, and enhance mutual market access, particularly in the sectors of agriculture, technology, and manufacturing.

5. Technological and Industrial Cooperation

There is a focus on developing technological and industrial parks, which serve as hubs for innovation and collaboration between Chinese and Serbian companies. These parks not only attract Chinese investment but also facilitate technology transfer and development of local expertise.