Serbia’s imports and exports both grew significantly in 2022. It’s interesting to note that the country’s garment imports and exports were practically identical, with exports rising by $696 million and imports reaching $700.623 million in the same year.
The most significant apparel items in the export basket were socks, while the import basket was dominated by shorts and trousers.
Serbia’s imports of clothing increased from $625.580 million in 2021 to $700.623 million in 2022. According to TexPro, a market research tool from Fibre2Fashion, the inbound cargo was $456.530 million in 2018, rising to $483.595 million in 2019 and $490.836 million in 2020.
Serbia’s exports of clothing rose from $615.018 million in 2021 to $696.402 million in 2022. Serbia became a net importer from an exporter country over the past few years of years as a result of the exports being nearly constant. $566.437 million in exports were registered in 2020.
With a $228.064 million export value in 2022, socks accounted for 33.09 percent of all clothing exports from Serbia. According to TexPro, the other main apparel products exported by the nation included shorts and pants, knickers, t-shirts, jerseys, jackets and blazers.
Trousers and shorts made up the majority of Serbia’s imports of clothing, accounting for 21.4% of the $137.452 million total. Additionally, items like jackets, blazers, dresses, innerwear, socks, shirts, and jerseys were imported.
The trade data as a whole shows that Serbia has the ability and know-how to grow its textile sector. While it currently imports clothing to meet its regular needs, it is competitive enough to go up against established apparel exporting nations.
By- Mansi Suryawanshi