Serbia’s trade deficit widened to USD 1,204.3 million in December 2025 from USD 1,155.5 million in the corresponding month of the previous year. This was the largest trade gap since May 2022. Balance of Trade in Serbia averaged -601.47 USD Million from 2001 until 2025, 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. source: Statistical Office of the Republic of Serbia

Serbia recorded a trade deficit of 1204.30 USD Million in December of 2025.

Serbia recorded a trade deficit of 1204.30 USD Million in December of 2025. 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
2025-12-30 11:00 AM
Balance of Trade
Nov $-930.6M $-806.5M $-690.0M
2026-01-30 11:00 AM
Balance of Trade
Dec $-1204M $-872.9M $ -820M
2026-03-13 11:00 AM
Balance of Trade
Jan $-1204M


Related Last Previous Unit Reference
Balance of Trade -1204.30 -872.90 USD Million Dec 2025
Exports 3149.70 3121.30 USD Million Dec 2025
Imports 4354.00 3994.20 USD Million Dec 2025
Tourist Arrivals 186437.00 157010.00 Dec 2025


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
-1204.30 -872.90 -161.00 -1364.50 2001 - 2025 USD Million Monthly

News Stream
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
Serbia Trade Deficit Widens in April
Serbia’s trade deficit widened to USD 1,142.2 million in April 2025 from USD 766.4 million in the corresponding month of the previous year, as import growth outpaced the rise in exports. Imports rose by 16.7% from a year earlier to USD 4,184 million, primarily boosted by higher purchases of energy (21.8%), capital goods (12.8%), and unclassified by MIG destination (72.5%). Meanwhile, exports increased by 4.5% year-on-year to USD 3,041.6 million, attributed to higher sales in energy (41.7%), capital goods (11.5%), and durable consumer goods (7.3%).
2025-05-30