Serbia’s trade deficit narrowed to USD 199.4 million in January 2026 from USD 504.7 million in the corresponding month of the previous year. Exports rose 6.4% year-on-year to USD 2,753.8 million, supported by higher shipments of capital goods (35.7%) and intermediate goods (18%), while shipments of energy (-32.2%), durable consumer goods (-4.0%), non-durable consumer goods (-2.3%), and goods unclassified by MIG destination (-18.2%) decreased. Meanwhile, imports declined 4.5% to USD 2,953.2 million, primarily due to lower purchases of energy (-23.2%), intermediate goods (-1.0%), capital goods (-5.6%), durable consumer goods (-2.2%), and goods unclassified by MIG destination (-0.2%), while imports rose for non-durable consumer goods (5.2%). source: Statistical Office of the Republic of Serbia

Serbia recorded a trade deficit of 199.40 USD Million in January of 2026. Balance of Trade in Serbia averaged -600.11 USD Million from 2001 until 2026, reaching an all time high of -161.00 USD Million in August of 2001 and a record low of -1364.50 USD Million in July of 2008. 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 - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.

Serbia recorded a trade deficit of 199.40 USD Million in January of 2026. Balance of Trade in Serbia is expected to be -780.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Balance of Trade is projected to trend around -1400.00 USD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-30 11:00 AM
Balance of Trade
Dec $-1204M $-872.9M $ -820M
2026-03-13 11:00 AM
Balance of Trade
Jan $-199.4M $-1204M $-800.0M
2026-03-31 10:00 AM
Balance of Trade
Feb $-199.4M


Related Last Previous Unit Reference
Balance of Trade -199.40 -1204.30 USD Million Jan 2026
Exports 2753.80 3149.70 USD Million Jan 2026
Imports 2953.20 4354.00 USD Million Jan 2026
Tourist Arrivals 143857.00 186437.00 Jan 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
-199.40 -1204.30 -161.00 -1364.50 2001 - 2026 USD Million Monthly

News Stream
Serbia Trade Deficit Narrows in January
Serbia’s trade deficit narrowed to USD 199.4 million in January 2026 from USD 504.7 million in the corresponding month of the previous year. Exports rose 6.4% year-on-year to USD 2,753.8 million, supported by higher shipments of capital goods (35.7%) and intermediate goods (18%), while shipments of energy (-32.2%), durable consumer goods (-4.0%), non-durable consumer goods (-2.3%), and goods unclassified by MIG destination (-18.2%) decreased. Meanwhile, imports declined 4.5% to USD 2,953.2 million, primarily due to lower purchases of energy (-23.2%), intermediate goods (-1.0%), capital goods (-5.6%), durable consumer goods (-2.2%), and goods unclassified by MIG destination (-0.2%), while imports rose for non-durable consumer goods (5.2%).
2026-03-13
Serbia Trade Deficit Widens in October
Serbia’s trade deficit widened to USD 806.5 million in October 2025 from USD 799.5 million in the corresponding month of the previous year. Exports rose 11.5% year-on-year to USD 3,432 million, driven by higher shipments of capital goods (28.5%), intermediate goods (7.0%), non-durable consumer goods (11.7%) and durable consumer goods (12.1%). However, energy exports fell 6.9%. Imports climbed 9.3% to USD 4,238.5 million, led by purchases of capital goods (16.1%), durable consumer goods (16.1%) and goods unclassified by MIG destination (12.5%), while energy imports declined 4.0%.
2025-11-28
Serbia Trade Deficit Narrows in June
Serbia’s trade deficit narrowed to USD 580.6 million in June 2025 from USD 796.1 million in the corresponding month of the previous year. Exports rose 21.3% from a year earlier to USD 3,310.4 million, supported by higher purchases of capital goods (44.6%) and intermediate goods (18%), non-durable consumer goods (17.6%), and durable consumer goods (17.1%). Meanwhile, imports increased by 13.3% year-on-year to USD 3,891 million, primarily due to higher sales in unclassified by MIG destination (32.9%), non-durable consumer goods (18%), and capital goods (14.5%).
2025-07-31