Western Balkans: import value by region 2023| ��ƽ��

Import value of goods and services in the Western Balkans from 2015 to 2023, by region (in million euros)

Characteristic	Albania	Bosnia and Herzegovina	Kosovo	North Macedonia	Montenegro	Serbia
2015	4,571	7,865.5	2,926.3	5,893.4	2,213.6	18,663
2016	4,913.1	8,098.5	3,090.6	6,327.1	2,494	19,554.5
2017	5,389.3	9,158.1	3,374.1	6,925.6	2,772.9	22,295.6
2018	5,802.9	9,796	3,820.2	7,825.9	3,111.9	25,437.4
2019	6,185.9	9,967.2	3,982.6	8,578.1	3,217.9	28,197.1
2020	4,947.7	8,510.4	3,650.8	7,647.2	2,553.6	26,580.6
2021	6,776.7	10,791.2	5,190.9	9,619	3,081.9	33,559.8
2022	8,582.5	14,437.3	6,350.3	12,364.1	4,405.4	45,205.3
2023	9,546.8	14,213.1	6,806.2	11,790.7	4,776.4	44,685

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Release date

January 2025

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Region

Albania, Bosnia & Herzegovina, Montenegro, Serbia, North Macedonia, Kosovo

Survey time period

2015 to 2023

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In the Western Balkans, goods and services imported to Serbia had the highest value in 2023, totaling nearly 45 billion euros. Bosnia and Herzegovina recorded the second-highest value at 14 billion euros. In comparison, Montenegro registered the lowest import value of goods and services, totaling approximately 4.8 billion euros.

What are the main import products in the region?

In 2024, the value of mineral fuels, mineral oils, and products of their distillation imported to Serbia reached over 4.5 billion euros, making it the leading product category. During the same year, the value of electrical machinery and equipment imported to the country totaled 3.65 billion euros. When it comes to Bosnia and Herzegovina, the second largest importer in the region, the value of mineral fuels, mineral oils, and products of their distillation imported to the country reached nearly 1.8 billion euros in the same year.

Who are the Western Balkans’ main trading partners?

In 2023, the Europen Union was the Western Balkans’ main trading partner, accounting for approximately 67 percent of the region’s trade in goods. China also grew into an important trade partner, accounting for a share of nine percent in the same year, followed by Türkiye and Russia, with five and three percent, respectively.