Serbia Balance of Trade

Last Release

Jan 31, 2025

Actual

-758

Units In

USD Million

-1,340.6

Frequency

Monthly

Next Release

Mar 31, 2025

Time to Release

14 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
0 Dec 2022	-1,364 Jul 2008	-593.33 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 758 million in January 2025 from USD 534.2 million in the corresponding month of the previous year. Exports decreased by 4% year-on-year to USD 2,299 million, weighed down by lower sales of intermediate goods (-6.8%), capital goods (-12.3%), and unclassified by MIG destination (-17.4%). Meanwhile, imports increased by 4.4% from a year earlier to USD 3,057 million, primarily attributed to higher purchases of energy (1.9%), intermediate goods (2%), durable consumer goods (15.7%), non-durable consumer goods (4.2%), and unclassified by MIG destination (20.7%).