Serbia Balance of Trade  2001-2017 | Data | Chart | Calendar | Forecast

Serbian trade deficit widened to $469.7 million in March of 2017 compared to $405.8 million gap a year ago. Exports rose 16.2 percent to $1524.3 million and imports went up 16.1 percent to $1994 million. Considering the first three months of the year, trade gap rose to $1151.9 million from $977.5 million. Exports went up 9.4 percent, driven by higher sales of electrical machinery (21.6 percent); iron and steel (91.9 percent); power-generating machinery (15.1 percent); non-ferrous metals (10.5 percent). Imports rose 11.3 percent, boosted by petroleum (55.2 percent); electrical machinery (29.4 percent) and medicinal and pharmaceutical products (31 percent). Export increased to Russia (23.2 percent); China (101.3 percent) and Bulgaria (66.8 percent). Imports were up from Russia (11 percent); Bosnia and Herzegovina (38.6 percent) and Austria (23.4 percent). Balance of Trade in Serbia averaged -555.70 USD Million from 2001 until 2017, 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.

Serbia Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-17 11:00 AM Jan $-319.1M $-514.4M $-237M
2017-04-03 10:00 AM Feb $-365.8M $-319.1M $-322M
2017-04-28 10:00 AM Mar $-469.7M $-365.8M $-397M
2017-05-31 10:00 AM Apr $-469.7M $-322M
2017-06-30 12:30 PM May
2017-07-31 10:00 AM Jun




Serbia Trade Last Previous Highest Lowest Unit
Balance of Trade -469.70 -365.80 -161.00 -1364.00 USD Million [+]
Exports 1524.30 1213.40 1524.30 116.00 USD Million [+]
Imports 1994.00 1579.30 2507.00 292.00 USD Million [+]
Current Account -383.20 -160.40 178.00 -1073.40 USD Million [+]
Current Account to GDP -4.70 -6.00 2.00 -21.10 percent [+]
External Debt 26592.10 25674.00 26592.10 8961.90 EUR Million [+]
Capital Flows -249.00 -68.00 38.00 -705.00 USD Million [+]
Gold Reserves 18.71 18.51 31.40 9.80 Tonnes [+]
Foreign Direct Investment 167.66 115.55 3322.61 -476.61 EUR Million [+]
Crude Oil Production 20.00 20.00 21.00 13.00 BBL/D/1K [+]
Terrorism Index 0.09 0.41 2.96 0.00 [+]
Tourist Arrivals 98429.00 65706.00 159996.00 29180.00 [+]
Weapons Sales 19.00 10.00 45.00 1.00 USD Million [+]

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



Serbia Balance of Trade Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-469.70 -365.80 -161.00 -1364.00 2001 - 2017 USD Million Monthly



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico 616.79 Apr/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -1458000.00 Mar/17
Switzerland 1968.25 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17