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

The trade gap in Serbia increased to USD 407.5 million in August of 2017 from a USD 360.5 million shortfall a year earlier. Exports jumped 20.6 percent year-on-year to USD 1399.7 million and imports rose at a slower 18.8 percent to USD 1807.2 million. Considering the January to August period, the country's trade gap rose 10.5 percent to USD 2906.9 million. Exports grew 11.9 percent to USD 10896.5 million, driven by sales of road vehicles (8.7 percent of total exports); electrical machines and apparatus (8.6 percent); fruit and vegetables (5.4 percent); non-ferrous metals (4.8 percent) and iron and steel (4.5 percent). Imports surged 11.6 percent to USD 13803.4 million, boosted by purchases of road vehicles (8.3 percent of total imports); oil and oil derivatives (6.4 percent); electrical machinery (5.1 percent); general purpose machinery (3.6 percent) and medical and pharmaceutical products (3.4 percent). Balance of Trade in Serbia averaged -550.16 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
2017-07-31 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 11:30 AM Balance of Trade $-407.5M $-403.2M $-432M
2017-10-31 11:00 AM Balance of Trade $-407.5M
2017-11-30 11:00 AM Balance of Trade
2017-12-29 11:00 AM Balance of Trade


Serbia Trade Last Previous Highest Lowest Unit
Balance of Trade -407.50 -403.20 -161.00 -1364.00 USD Million [+]
Exports 1399.70 1412.80 1524.30 116.00 USD Million [+]
Imports 1807.20 1816.10 2507.00 292.00 USD Million [+]
Current Account -137.50 -126.30 178.00 -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 -33.00 -169.00 41.00 -705.00 USD Million [+]
Gold Reserves 18.96 18.84 31.40 9.80 Tonnes [+]
Foreign Direct Investment 280.30 274.89 3322.61 -476.61 EUR Million [+]
Crude Oil Production 19.00 19.00 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

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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-407.50 -403.20 -161.00 -1364.00 2001 - 2017 USD Million Monthly




balance of trade by Country

Last
Australia 989.00 Aug/17
Brazil 5178.00 Sep/17
Canada -3413.40 Aug/17
China 286.10 Sep/17
Euro Area 16086.90 Aug/17
France -4514.00 Aug/17
Germany 20000.00 Aug/17
India -8984.29 Sep/17
Indonesia 1760.00 Sep/17
Italy 2769.02 Aug/17
Japan 670.17 Sep/17
Mexico -2732.00 Aug/17
Netherlands 4073.00 Aug/17
Russia 6612.00 Aug/17
South Korea 13800.00 Sep/17
Spain -3226685.00 Aug/17
Switzerland 2917.62 Sep/17
Turkey -5873.11 Aug/17
United Kingdom -5626.00 Aug/17
United States -42395.00 Aug/17