Market · Europe

India's exports to Serbia

US$ 121 mn

in 2025, up 27.4% on 2024. India's 126th largest market, 0.0% of India's exports, 892 products.

2021: US$ 89.3 mn

2022: US$ 83.1 mn

2023: US$ 101 mn

2024: US$ 95.3 mn

2025: US$ 121 mnUS$ 121 mn

20212022202320242025

ECGC ratingB1ECGC's classification · see the ratings page Trade agreementNone in forceCheck the Trade Agreements Checker DocumentsExport checklistWhat Serbia asks for

What India sells to Serbia top 15

#	Product (HS 6-digit)	2025	Change
1	8414.90 Pumps and compressors; parts, of air or vacuum pumps, air or other gas compress…	US$ 13.2 mn	+42.4%
2	8411.91 Turbines; parts of turbo-jets and turbo-propellers	US$ 10.0 mn	+894.0%
3	3004.90 Medicaments; consisting of mixed or unmixed products n.e.c. in heading no. 3004…	US$ 8.4 mn	+105.7%
4	9306.90 Ammunition; n.e.c. in chapter 93	US$ 8.3 mn	+1,738.9%
5	2933.99 Heterocyclic compounds; n.e.c. in headings no. 2933	US$ 4.7 mn	+92.7%
6	6907.21 Ceramic tiles; flags and paving, hearth or wall tiles other than those of subhe…	US$ 2.7 mn	+6.2%
7	8708.29 Vehicles; parts and accessories, of bodies, other than safety seat belts	US$ 2.4 mn	+160.8%
8	8708.99 Vehicle parts and accessories; n.e.c. in heading no. 8708	US$ 2.2 mn	+60.0%
9	2942.00 Organic compounds; n.e.c. in chapter 29	US$ 2.1 mn	−7.0%
10	2921.49 Amine-function compounds; aromatic monoamines and their derivatives; salts ther…	US$ 1.9 mn	+1,432.0%
11	8708.94 Vehicle parts; steering wheels, steering columns and steering boxes; parts ther…	US$ 1.8 mn	+293.8%
12	8504.40 Electrical static converters	US$ 1.7 mn	+238.5%
13	2922.49 Amino-acids, other than those containing more than one kind of oxygen function…	US$ 1.5 mn	−14.9%
14	8701.92 Tractors; n.e.c. in heading no 8701 (other than tractors of heading no 8709); o…	US$ 1.5 mn	+117.1%
15	2933.79 Heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam…	US$ 1.5 mn	+4.2%

Who else sells to Serbia Serbia's imports, 2025

Product (HS 4-digit)	Imports	India's share	Leading suppliers
7601 Aluminium; unwrought 🇮🇳 India17% 🇩🇪 Germany13% 🇿🇦 South Africa12% 🇬🇷 Greece11% 🇦🇹 Austria10% 🇲🇾 Malaysia9.8%	299 mn	17%1st	Germany 13% South Africa 12%
8517 Telephone sets, including smartphones and other tel… 🇨🇳 China51% 🇻🇳 Vietnam20% 🇮🇳 India5.4% 🇦🇹 Austria5.0% 🇭🇺 Hungary2.6% 🇵🇱 Poland2.5%	598 mn	5.4%3rd	China 51% Vietnam 20%
3004 Medicaments; (not goods of heading no. 3002, 3005 o… 🇭🇺 Hungary20% 🇨🇭 Switzerland15% 🇩🇪 Germany12% 🇸🇮 Slovenia11% 🇫🇷 France7.1% 🇩🇰 Denmark6.1% 🇮🇳 India1.1% · 17th	1.78 bn	1.1%17th	Hungary 20% Switzerland 15%
2710 Petroleum oils and oils from bituminous minerals, n… 🇷🇴 Romania24% 🇭🇺 Hungary21% 🇧🇬 Bulgaria16% 🇦🇹 Austria7.0% 🇹🇷 Turkey4.4% 🇸🇰 Slovakia4.1% 🇮🇳 India1.7% · 11th	972 mn	1.7%11th	Romania 24% Hungary 21%
7202 Ferro-alloys 🇮🇳 India54% 🇧🇷 Brazil14% 🇰🇷 South Korea12% 🇮🇷 Iran4.4% 🇲🇾 Malaysia4.0% 🇸🇰 Slovakia2.4%	28.6 mn	54%1st	Brazil 14% South Korea 12%
6907 Ceramic flags and paving, hearth or wall tiles; cer… 🇮🇹 Italy33% 🇪🇸 Spain17% 🇮🇳 India15% 🇹🇷 Turkey15% 🇵🇱 Poland9.0% 🇧🇬 Bulgaria7.9%	98.8 mn	15%3rd	Italy 33% Spain 17%
8708 Motor vehicles; parts and accessories, of heading n… 🇨🇳 China27% 🇩🇪 Germany12% 🇮🇹 Italy11% 🇨🇿 Czech Republic7.1% 🇸🇰 Slovakia7.1% 🇵🇱 Poland5.6% 🇮🇳 India1.4% · 13th	803 mn	1.4%13th	China 27% Germany 12%
2933 Heterocyclic compounds with nitrogen hetero-atom(s)… 🇨🇳 China52% 🇮🇳 India22% 🇫🇷 France6.1% 🇸🇰 Slovakia4.1% 🇩🇪 Germany3.5% 🇮🇹 Italy2.5%	46.4 mn	22%2nd	China 52% France 6.1%
8414 Air or vacuum pumps, air or other gas compressors a… 🇨🇳 China29% 🇩🇪 Germany11% 🇮🇹 Italy10% 🇭🇷 Croatia9.9% 🇮🇳 India5.2% 🇵🇱 Poland5.1%	149 mn	5.2%5th	China 29% Germany 11%
8701 Tractors; (other than tractors of heading no 8709) 🇩🇪 Germany28% 🇨🇳 China15% 🇳🇱 Netherlands15% 🇧🇪 Belgium10% 🇸🇪 Sweden6.2% 🇮🇹 Italy5.6% 🇮🇳 India4.5% · 7th	162 mn	4.5%7th	Germany 28% China 15%
6109 T-shirts, singlets and other vests; knitted or croc… 🇧🇩 Bangladesh47% 🇹🇷 Turkey11% 🇮🇳 India7.4% 🇳🇱 Netherlands7.3% 🇨🇳 China5.9% 🇺🇿 Uzbekistan3.1%	87.0 mn	7.4%3rd	Bangladesh 47% Turkey 11%
8537 Boards, panels, consoles, desks, cabinets, bases wi… 🇨🇳 China19% 🇫🇷 France16% 🇩🇪 Germany14% 🇷🇴 Romania13% 🇭🇺 Hungary4.9% 🇵🇱 Poland3.6% 🇮🇳 India2.6% · 10th	241 mn	2.6%10th	China 19% France 16%

What Serbia buys most where India has under 5% of the market: openings, or where others are stronger.

Product (HS 4-digit)	Imports	India's share	Leading suppliers
3004 Medicaments; (not goods of heading no. 3002, 3005 o… 🇭🇺 Hungary20% 🇨🇭 Switzerland15% 🇩🇪 Germany12% 🇸🇮 Slovenia11% 🇫🇷 France7.1% 🇩🇰 Denmark6.1% 🇮🇳 India1.1% · 17th	1.78 bn	1.1%17th	Hungary 20% Switzerland 15%
2709 Petroleum oils and oils obtained from bituminous mi… 🇰🇿 Kazakhstan63% 🇮🇶 Iraq10% 🇦🇿 Azerbaijan8.3% 🇳🇬 Nigeria7.3% 🇬🇾 Guyana5.8% 🇱🇾 Libya4.5%	1.24 bn	–not sold	Kazakhstan 63% Iraq 10%
2711 Petroleum gases and other gaseous hydrocarbons 🇷🇺 Russia72% 🇭🇺 Hungary16% 🇦🇿 Azerbaijan10% 🇧🇬 Bulgaria0.5% 🇺🇸 United States0.5% 🇩🇿 Algeria0.4%	1.23 bn	–not sold	Russia 72% Hungary 16%
2710 Petroleum oils and oils from bituminous minerals, n… 🇷🇴 Romania24% 🇭🇺 Hungary21% 🇧🇬 Bulgaria16% 🇦🇹 Austria7.0% 🇹🇷 Turkey4.4% 🇸🇰 Slovakia4.1% 🇮🇳 India1.7% · 11th	972 mn	1.7%11th	Romania 24% Hungary 21%
8703 Motor cars and other motor vehicles; principally de… 🇩🇪 Germany37% 🇨🇿 Czech Republic25% 🇫🇷 France9.0% 🇺🇸 United States4.0% 🇭🇺 Hungary3.4% 🇸🇰 Slovakia3.3% 🇮🇳 India<0.1% · 26th	963 mn	<0.1%26th	Germany 37% Czech Republic 25%
2716 Electrical energy 🇧🇦 Bosnia and Herzegovina22% 🇭🇷 Croatia15% 🇷🇴 Romania14% 🇭🇺 Hungary11% 🇩🇰 Denmark8.1% 🇧🇬 Bulgaria6.1%	946 mn	–not sold	Bosnia and Herzegovina 22% Croatia 15%
8708 Motor vehicles; parts and accessories, of heading n… 🇨🇳 China27% 🇩🇪 Germany12% 🇮🇹 Italy11% 🇨🇿 Czech Republic7.1% 🇸🇰 Slovakia7.1% 🇵🇱 Poland5.6% 🇮🇳 India1.4% · 13th	803 mn	1.4%13th	China 27% Germany 12%
8544 Insulated wire, cable and other electric conductors… 🇹🇷 Turkey17% 🇷🇴 Romania13% 🇨🇿 Czech Republic13% 🇩🇪 Germany7.5% 🇨🇳 China7.2% 🇭🇺 Hungary6.1% 🇮🇳 India0.2% · 29th	683 mn	0.2%29th	Turkey 17% Romania 13%
8503 Electric motors and generators; parts suitable for… 🇨🇳 China36% 🇩🇪 Germany21% 🇹🇷 Turkey14% 🇨🇿 Czech Republic10.0% 🇮🇹 Italy3.1% 🇨🇭 Switzerland3.0% 🇮🇳 India<0.1% · 27th	484 mn	<0.1%27th	China 36% Germany 21%
8411 Turbo-jets, turbo-propellers and other gas turbines 🇺🇸 United States59% 🇬🇧 United Kingdom12% 🇨🇳 China9.6% 🇩🇪 Germany8.7% 🇫🇷 France4.4% 🇯🇵 Japan3.5%	378 mn	–not sold	United States 59% United Kingdom 12%

US$ million. As reported by Serbia's customs to UN Comtrade for 2025 (imports, usually valued with freight and insurance), so the figures differ from India's own export figures above. Open a product for its six biggest suppliers. Exportsmitra's figures, not ECGC's.

Growing fastest

Product	2025	Change
8411.91 Turbines; parts of turbo-jets and turbo-propellers +US$ 9.0 mn	US$ 10.0 mn	+894.0%
9306.90 Ammunition; n.e.c. in chapter 93 +US$ 7.9 mn	US$ 8.3 mn	+1,738.9%
3004.90 Medicaments; consisting of mixed or unmixed products n.e.c. in heading no. 3004… +US$ 4.3 mn	US$ 8.4 mn	+105.7%
8414.90 Pumps and compressors; parts, of air or vacuum pumps, air or other gas compress… +US$ 3.9 mn	US$ 13.2 mn	+42.4%
2933.99 Heterocyclic compounds; n.e.c. in headings no. 2933 +US$ 2.3 mn	US$ 4.7 mn	+92.7%
2921.49 Amine-function compounds; aromatic monoamines and their derivatives; salts ther… +US$ 1.8 mn	US$ 1.9 mn	+1,432.0%
8708.29 Vehicles; parts and accessories, of bodies, other than safety seat belts +US$ 1.5 mn	US$ 2.4 mn	+160.8%
8708.94 Vehicle parts; steering wheels, steering columns and steering boxes; parts ther… +US$ 1.4 mn	US$ 1.8 mn	+293.8%

By chapter

84 Machinery and mechanical appliances, boilers…US$ 28.7 mn
29 Organic chemicalsUS$ 24.3 mn
87 Vehicles; other than railway or tramway rolli…US$ 10.0 mn
30 Pharmaceutical productsUS$ 9.5 mn
93 Arms and ammunition; parts and accessories th…US$ 8.3 mn
85 Electrical machinery and equipment and parts…US$ 8.1 mn
90 Optical, photographic, cinematographic, measu…US$ 3.7 mn
40 Rubber and articles thereofUS$ 3.4 mn
69 Ceramic productsUS$ 3.1 mn
73 Iron or steel articlesUS$ 2.5 mn

New in 2025

Products India had not sold to Serbia in the earlier years shown.

2921.45 Amine-function compounds; aromatic monoamines and their der…US$ 778 thousand
9613.80 Lighters; whether or not mechanical or electrical, n.e.c. i…US$ 538 thousand
8502.13 Electric generating sets; with compression-ignition interna…US$ 239 thousand
2933.33 Heterocyclic compounds; containing an unfused pyridine ring…US$ 188 thousand
3606.10 Fuels; liquid or liquefied-gas, in containers, of a kind us…US$ 179 thousand
7307.91 Iron or steel; tube or pipe fittings, flanges, other than s…US$ 172 thousand
7228.60 Steel, alloy; bars and rods n.e.c. in heading no. 7228US$ 102 thousand
8474.32 Machines; for mixing mineral substances with bitumenUS$ 90 thousand

Source: UN Comtrade database (United Nations Statistics Division), as reported by India. Values in US$, calendar years. ECGC rating: ECGC Limited's short-term country classification, shown for convenience; Exportsmitra's figures and notes are not from ECGC.