Serbia recorded a trade deficit of 710.80 USD Million in July of 2019. Balance of Trade in Serbia averaged -548.74 USD Million from 2001 until 2019, reaching an all time high of -161 USD Million in August of 2001 and a record low of -1364 USD Million in July of 2008.

Balance of Trade in Serbia is expected to be -606.69 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Serbia to stand at -580.00 in 12 months time. In the long-term, the Serbia Balance of Trade is projected to trend around -390.00 USD Million in 2020, according to our econometric models.

Serbia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-31 10:40 AM Balance of Trade Apr $-561.8M $-573.9M $-595M
2019-06-28 10:00 AM Balance of Trade May $-569.6M $-561.8M $-495M
2019-07-31 10:00 AM Balance of Trade Jun $-394.3M $-569.6M $ -350M
2019-08-30 10:00 AM Balance of Trade Jul $-710.8M $-394.3M $ -435M
2019-09-30 11:20 AM Balance of Trade Aug $-710.8M
2019-10-31 11:30 AM Balance of Trade Sep $ -470M
2019-11-29 11:00 AM Balance of Trade Oct


Serbia Trade Last Previous Highest Lowest Unit
Balance of Trade -710.80 -394.30 -161.00 -1364.00 USD Million [+]
Current Account -329.70 -375.10 178.00 -1073.40 USD Million [+]
Current Account to GDP -5.20 -5.20 2.00 -21.10 percent [+]
Imports 2449.30 2116.20 2507.00 292.00 USD Million [+]
Exports 1738.50 1673.50 1795.70 116.00 USD Million [+]
External Debt 27137.98 26836.27 27137.98 8961.90 EUR Million [+]
Capital Flows -172.00 -334.00 74.00 -705.00 USD Million [+]
Gold Reserves 21.16 20.70 31.40 9.80 Tonnes [+]
Terrorism Index 0.23 0.04 2.96 0.00 [+]
Tourist Arrivals 215866.00 184145.00 227126.00 29180.00 [+]
Weapons Sales 2.00 23.00 45.00 1.00 USD Million [+]
Foreign Direct Investment 412.30 368.30 3322.60 -476.60 EUR Million [+]
Crude Oil Production 16.00 16.00 21.00 13.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Serbia Balance of Trade

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. This page provides the latest reported value for - Serbia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Serbia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-710.80 -394.30 -161.00 -1364.00 2001 - 2019 USD Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 1152.71 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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