Serbia recorded a trade deficit of 720.40 USD Million in May of 2026. Balance of Trade in Serbia averaged -603.26 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. source: Statistical Office of the Republic of Serbia

Balance of Trade in Serbia is expected to be -930.00 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
2026-05-29 10:00 AM
Balance of Trade
Apr $-902.9M $-749M $-960.0M
2026-06-30 10:00 AM
Balance of Trade
May $-720.4M $-902.9M $-820.0M
2026-07-31 10:00 AM
Balance of Trade
Jun $-720.4M $ -790M


Related Last Previous Unit Reference
Balance of Trade -720.40 -902.90 USD Million May 2026
Exports 3312.80 3494.00 USD Million May 2026
Imports 4033.20 4396.90 USD Million May 2026
Tourist Arrivals 238992.00 180320.00 May 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
-720.40 -902.90 -161.00 -1364.50 2001 - 2026 USD Million Monthly

News Stream
Serbia Trade Deficit Narrows in March
Serbia’s trade deficit narrowed to USD 803.3 million in March 2026 from USD 969.1 million in the same month a year earlier. Exports rose by 25% to USD 3,918.1 million, driven by increased shipments of capital goods (56.7%), intermediate goods (26%), and non-durable consumer goods (10.5%). In contrast, energy exports fell sharply by 36.7%. Imports also increased, rising 15% to USD 4,721.4 million. Growth was supported by higher purchases of capital goods (25%), intermediate goods (23.2%), and durable consumer goods (16.6%). Meanwhile, imports of non-durable consumer goods declined by 5.4%.
2026-04-30
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