Importing and Exporting Between Serbia and Australia
Importing and Exporting to Serbia from Australia
Serbia, as a trade partner with Australia, has been growing momentum over the last few years.
Whilst still relatively small in overall trading volumes, Serbia to Australia imports have shown over 40% year-on-year growth recently. Exports from Australia to Serbia have shown a more steady 15% growth.
All this means opportunity for those looking for import/export business with this former Yugoslavian nation.
Current trade volumes to Australia are around AU$65 Million. The types of goods that Serbia currently exports to Australia include;
- Liquid pump and parts for their maintenance.
- Medical instruments (including veterinary products).
- Soaps and cleansers
- Toys, games and sporting equipment.
The most common goods that Serbia imports from Australia are;
- Telecommunication equipment and parts.
- Measuring and analysing equipment.
- Medical instruments.
- Some machinery, both electrical and non-electrical.
- Some furniture.
- Plastic goods.
The export market to Serbia is considerably smaller than imports at around AU$9 Million per year.
Whilst not a large country, Serbia’s almost 7 million population are increasingly on the lookout for overseas goods.
Freight Shipping Between Serbia and Australia
Serbia is a slightly unusual case when it comes to shipping freight.
Serbia is one of the world’s few landlocked countries. This means that is has no sea border or direct access to a port. As such, part of the freight transportation will always be overland.
It is important to understand the issues involved with this. There can be additional border checks and customs clearances. There may be delays in the return of shipping containers to the shipping lines, thereby incurring demurrage fees. Other regional factors may also have an effect.
Most freight comes into Serbia via Greece, however, the shipping lines have been increasing investment in the Balkan Peninsula region. There are now options via the city of Bar in Montenegro and Split in Croatia. Which option is chosen depends upon the end destination in Serbia as well as other potential factors.
It is also important to book and plan your road transportation in advance. Sometimes you can arrange this through the shipping lines themselves. The goods will be trans-shipped between the port and the Serbian destination (or origin). This is not always the case, however, so check beforehand. As with all international shipping, you should have a good freight plan in place.
If you are exporting to Serbia, or have goods you want to import to Australia from Serbia, come and speak with us.