In 2022, both Serbia's imports and exports experienced impressive growth. Interestingly, the country's inbound and outbound trade of apparel were almost equal, with apparel exports increasing by $696 million and imports reaching $700.623 million in the same year. Trousers and shorts dominated the country's import basket, while socks were the most important apparel products in its export basket.

Serbia's apparel imports grew to $700.623 million in 2022 from $625.580 million in 2021. In 2018, the inbound shipment was $456.530 million, which increased to $483.595 million in 2019 and $490.836 million in 2020, according to Fibre2Fashion's market insight tool TexPro.

Meanwhile, Serbia's apparel exports increased to $696.402 million in 2022 from $615.018 million in 2021. The exports remained almost steady during the last couple of years, making Serbia a net importer country from an exporter country. The exports were recorded at $566.437 million in 2020, $637.215 million in 2019, and $674.422 million in 2018.

Socks were the largest apparel product exported at $228.064 million in 2022, constituting 33.09 per cent of Serbia’s total exports of garments. Trousers and shorts, innerwear, T-shirts, Jerseys and Jackets and blazers were the other major apparel products exported by the country, as per TexPro.

In Serbia's basket of imported garments, trousers and shorts dominated with 21.41 per cent of the total imports, valued at $137.452 million. Other items such as jerseys, T-shirts, socks, shirts, dresses, innerwear, jackets, and blazers were also imported.

Overall, the trade data indicates that Serbia has the capacity and skills to develop its textile industry. While it presently imports apparel according to its regular needs, it is capable of competing with well-established apparel exporting countries.

Fibre2Fashion News Desk (KUL)

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Serbia's apparel imports & exports witness impressive growth in 2022

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