Serbia Trade Deficit Widens in April

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%.

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%).

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%).