Serbia Balance of Trade

Last Release

Feb 28, 2025

Actual

-1,081

Units In

USD Million

-758

Frequency

Monthly

Next Release

Apr 30, 2025

Time to Release

28 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
0 Dec 2022	-1,364 Jul 2008	-595.06 USD Million	2001-2025	Statistical Office of the Republic of Serbia

Although Serbia is not yet a part of the European Union, a free trade agreement was signed in 2008, making the European Union Serbia's most important trade partner. Serbia's foreign trade is dominated by its natural resources, mainly metals, but industrial goods and agriculture also play an important role.

Latest Updates

Serbia’s trade deficit widened to USD 1,058 million in February 2025 from USD 0.8 billion in the corresponding month of the previous year. Exports declined by 7.5% year-on-year to USD 2,514 million, while imports rose 3.3% to USD 3,450 million. Seasonally adjusted data shows both exports and imports fell by 3% respectively in February. The top five export products in February were ignition wiring sets (USD 146M), refined copper (USD 131M), copper ore/concentrates (USD 94M), electricity (USD 92M), and passenger car tires (USD 43M). For imports, natural gas led at USD 191M, followed by crude oil (USD 131M), retail trade medicaments (USD 121M), electricity (USD 92M), and gas oils (USD 44M).