NEWS

According to ambassador of Ukraine to Serbia Oleksandr Lytvynenko, trade turnover between Ukraine and Serbia is too little. That’s why they need a joint free trade area, which will promote the development of economic ties. It will also help both countries integrate into the European market.
Lytvynenko said that agricultural machinery and machine building are the most promising sectors of the cooperation.
The diplomat also said noted that ethnic style is very popular, as well as all sorts of handicraft items. He added that President Aleksandar Vucic patronized an Ethno-Network. Lytvynenko suggested trying to sell Serbian souvenirs, the same vyshyvankas, which the Serbs have in a different form. He underlined the closeness of Serbian and Ukrainian traditions, despite different roots.
Nevertheless, the ambassador expressed an opinion that now is “not the time to force events.”
Oleksandr Lytvynenko said that Ukraine must gradually strengthen its presence in Serbia. The first task is to strengthen the role of Ukraine in the information space. It is also important to increase cultural and information exchange, so that Ukrainians know more about Serbia, and Serbians know more about Ukraine first-hand.
As the ambassador believes, it is necessary to “bring Ukrainian experts and artists to Serbia, hold exhibitions, especially since there is something to show.”
Simultaneously, Lytvynenko noted that the lion’s share of economic ties between the USSR and Yugoslavia in the 1960s-80s “were, in fact, ties with Ukraine, but the Serbs are unaware of this, and there is much of that.”
As for the prospects of organizing a direct passenger rail link between Kyiv and Belgrade, Lytvynenko suggested to launch Belgrade-Budapest first. After that happens, it will be possible to assess the results.
NH Logistics UKR has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Ukraine and Eurasia, supporting many clients with their import/export shipments.

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As the statistical office said on Tuesday, Serbia’s trade deficit decreased by an annual 24.9% to 936.3 million euro ($1.1 billion) in the first two months of 2026.
Also, according to a press release of the statistical office, exports rose by 1.6% on the year to 5.292 billion euro in the reporting period. Nevertheless, imports fell by 3.5% to 6.228 billion euro.
Meanwhile, the export-import ratio in the review period increased to 84.9% from 80.7% in the first two months of 2025.
Notably, electrical machines (570 million euro), road vehicles (544 million euro in total), metal ores and residues (386 million euro) were Serbia’s most exported products in the review period.
Simultaneously, electrical machines worth 440 million euro, road vehicles worth 347 million euro, and oil and oil derivatives for 302 million euro were imported by Serbia.
Germany, (831 million euro), Italy (480 million euro), and China (342 million euro) were Serbia’s main export destinations in the reporting period. Serbia mainly imported goods from China (1 billion euro), Germany (715 million euro), and Italy (409 million euro).
In February a trade gap of 817 million euro widened from a 759 million euro trade deficit in the same month last year. The increase of exports attained 6.3% on the year (2.876 billion euro) in February. Meanwhile the raise of imports was 6.6% (3.693 billion euro).
In 2025, Serbia’s trade deficit expanded by 2.9% to 8.791 billion euro.
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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