According to finance minister Sinisa Mali, U.S. have proposed Serbia to outline the framework of a trade agreement between the two countries, and Serbia is ready to continue further negotiations.
She recalled free trade agreements between Serbia and China, Egypt, the UAE signed last year and current negotiations with South Korea.
From his side, U.S. President Donald Trump unveiled a 10% baseline tariff on all exporters to the country. Duties on some 60 nations identified as having high barriers on imports from the U.S. are even higher. For example, tariff on imports from Serbia attained 37% in April 2024, but later it was reduced to 35%.
Data from Serbia’s statistics office report that Serbia exported to the U.S. goods worth 619.5 million euro ($725 million), and imported goods worth 683.7 million euro in 2024.
According to data from the U.S. Census Bureau, the U.S. exported $209.8 million worth of goods to Serbia and imported $814.2 million in 2024.
As data from Serbia’s chamber of commerce showed, tyres (123.7 million euro), uncategorised goods – including military equipment (109.6 million euro), motor parts (37.2 million euro), pet food (27.4 million euro), and ammunition (25 million euro), were products that Serbia exported the most to the U.S.in 2024.
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.
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