Serbia Balance of Trade


Serbian trade deficit widened to USD 319.1 million in January of 2017 compared to USD 238 million gap a year ago. Exports rose 7.6 percent to USD 995.9 million, driven by food and live animals (12.9 percent); electrical machinery (24.2 percent); articles of apparel and clothing accessories (7.8 percent); power-generating machinery (33.7 percent); non-ferrous metals (12.1 percent). Imports went up 13 percent to USD 1315 million, driven by petroleum (25.8 percent) and electrical machinery (32.6 percent). Export increased to Germany (6.4 percent), Russia (16.9 percent) and Bulgaria (91.5 percent). Imports were up from Germany (25.4 percent), China (4.3 percent), Hungary (24.2 percent) and Poland (18.5 percent). Balance of Trade in Serbia averaged -555.70 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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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 March of 2017.