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

The trade deficit in Serbia widened to USD 403.2 million in July of 2017 from a USD 300.3 million gap a year earlier. Exports went up 14.2 percent year-on-year to USD 1412.8 million and imports rose at a faster 18.2 percent to USD 1816.1 million. Considering the first seven months of the year, the country's trade gap increased 10.2 percent to USD 2720.2 million. Exports rose 10.7 percent to USD 9491.9 million, boosted by sales of manufactured products (10.4 percent), namely food products (7.1 percent); basic metals (44.7 percent) and electrical equipment (7.9 percent) while falls were seen for motor vehicles, trailers and semi-trailers (-6.1 percent). Imports went up 10.6 percent to USD 12212.1 million due to higher purchases of machinery and equipment (7.8 percent) and basic metals (22.5 percent). Exports rose mainly to Germany (6.2 percent) and Bosnia (4.5 percent) and imports went up mainly from Germany (9.5 percent) and Italy (5.3 percent). Balance of Trade in Serbia averaged -550.90 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 Actual Previous Consensus TEForecast
2017-06-30 10:00 AM Balance of Trade $-474M $-303M $-402M
2017-07-31 10:00 AM Balance of Trade $-397.5M $-474M $-441M
2017-08-31 10:30 AM Balance of Trade $-403.2M $-397.5M $-320M
2017-09-29 10:00 AM Balance of Trade $-403.2M $-432M
2017-10-31 11:00 AM Balance of Trade
2017-11-30 11:00 AM Balance of Trade


Serbia Trade Last Previous Highest Lowest Unit
Balance of Trade -403.20 -397.50 -161.00 -1364.00 USD Million [+]
Exports 1412.80 1521.00 1524.30 116.00 USD Million [+]
Imports 1816.10 1918.50 2507.00 292.00 USD Million [+]
Current Account -87.90 -139.00 178.00 -1073.40 USD Million [+]
Current Account to GDP -4.00 -4.70 2.00 -21.10 percent [+]
External Debt 26592.10 25674.00 26592.10 8961.90 EUR Million [+]
Capital Flows -93.00 -167.00 38.00 -705.00 USD Million [+]
Gold Reserves 18.96 18.84 31.40 9.80 Tonnes [+]
Foreign Direct Investment 147.93 128.17 3322.61 -476.61 EUR Million [+]
Crude Oil Production 19.00 20.00 21.00 13.00 BBL/D/1K [+]
Terrorism Index 0.09 0.41 2.96 0.00 [+]
Tourist Arrivals 136605.00 118262.00 159996.00 29180.00 [+]
Weapons Sales 29.00 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-403.20 -397.50 -161.00 -1364.00 2001 - 2017 USD Million Monthly



balance of trade by Country

Last
Australia 460.00 Jul/17
Brazil 5599.00 Aug/17
Canada -3040.40 Jul/17
China 419.92 Aug/17
Euro Area 23156.00 Jul/17
France -5968.00 Jul/17
Germany 19500.00 Jul/17
India -11643.96 Aug/17
Indonesia 1722.60 Aug/17
Italy 6560.39 Jul/17
Japan 113.60 Aug/17
Mexico -1522.60 Jul/17
Netherlands 4711.00 Jul/17
Russia 3970.00 Jul/17
South Korea 7013.00 Aug/17
Spain -1259000.00 Jun/17
Switzerland 3511.05 Jul/17
Turkey -8842.94 Jul/17
United Kingdom -2872.00 Jul/17
United States -43689.00 Jul/17