Serbia’s Q1 trade gap more than doubles

Serbia’s foreign trade deficit widened by 115% on the year in the first three months of 2022, reaching $3.058 billion (2.892 billion euro), the country’s statistical office said on Friday. The country’s exports increased by 20% year-on-year to $6.986 billion in the January-March period, while imports went up by 38% to $10.044 billion, the statistical … Read more

Serbian government allows limited exports of some foods

The Serbian government decided on Wednesday to allow limited exports of grain, flour and cooking oil. A press release said that the government decided to introduce quantitative restrictions on the export of wheat, wheat flour, corn, groat and sunflower oil on a monthly basis and for a specific period of time. “The Government of Serbia … Read more

Serbia allows wheat, maize exports to North Macedonia

Serbia will will resume exports of maize and wheat to North Macedonia, the Serbian government said, partially relieving its ban on exports of basic foodstuffs caused by the war in Ukraine. Serbian wheat and maize exporters that have contracts with companies in North Macedonia will be allowed to fulfil their contractual obligations, the government said … Read more

Serbia exports goods worth 3.7 billion in 2022

Serbia’s export totaled 3.7 billion Euro in the first two months of 2022, the Republic Statistics Office (RZS) said on Thursday. It said that exports were 26.8 percent higher than in the same period a year earlier and added that imports rose by 51.7 percent to stand at 5.5 billion Euro. Serbia’s total foreign trade … Read more

Serbia says goods’ flow to Russia continue despite difficulties caused by Western sanctions

The goods from Serbia to Russia continue to flow despite a decrease in total exports amid difficulties caused by Western sanctions, Bojan Stanic, assistant director of the Serbian Chamber of Commerce, told Sputnik, the latter reported. “Despite the existing difficulties, the delivery of products to Russia and payments are functioning. Many companies with predominant EU … Read more

IMF and CCIS: Import and Prices of Energy Sources, Export and Inflation Biggest Challenges for Serbian Economy

The delegation of the mission of the International Monetary Fund (IMF), which is visiting Serbia, led by Jan Kees Martijn, has talked to representatives of the Chamber of Commerce of Serbia (CCIS) about macroeconomic and financial stability, investment environment and the challenges which lie ahead of the Serbian economy due to the Ukrainian crisis and … Read more

The war in Ukraine will bring down the profits of Serbian exporters and make it harder for our goods – SCC is preparing an analysis of the impact of the conflict on the Serbian economy

While the war in Ukraine is raging and no one knows how long it will last and what economic consequences it will produce globally, neither Serbian businessmen exporting to these markets, nor importers, can tell in which direction the situation will develop and in that sense they also expect the support of the state. Thursday … Read more