In this research, we focused on testing the physical and mechanical properties of the developed polyacrylonitrile (PAN) composite nanofibers with succinite (Baltic amber) and SiO2 particles using standard methods of nanofiber testing (physical and mechanical properties). Polyacrylonitrile composite nanofibers (based on the electrospinning method) were coated on an aluminum substrate for structural investigation. SEM was used to determine the average fiber diameter and standard deviation. The mechanical properties of the fibers were determined using a universal testing machine (NANO, MTS). We observed that constant or decreased levels of crystallinity in the ultrafine composite nanofibers led to the preservation of high levels of strain at failure and that the strength of nanofibers increased substantially as their diameter reduced. Improvements in PAN composite nanofibers with succinite and SiO2 nanopowder are feasible with continuous decreases in diameter. The drastically decreased strain at failure demonstrated a substantial reduction in viscosity (toughness) of the annealed nanofibers. Large stresses at failure in the as-spun nanofibers were a result of their low crystallinity. As a result, decreasing the diameter of PAN nanofibers from approximately 2 micrometers to 139 nanometers (the smallest nanofiber tested) resulted in instantaneous increases in the elastic modulus from 1 to 26 GPa, true strength from 100 to 1750 MPa, and toughness from 20 to 604 MPa.