Serbia’s trade deficit shrank by an annual 24.9% to 936.3 million euro ($1.1 billion) in the first two months of 2026, the statistical office said on Tuesday.
In January-February, exports rose by 1.6% on the year to 5.292 billion euro, while imports fell by 3.5% to 6.228 billion euro, the statistical office said in a press release.
The export-import ratio rose to 84.9% in the review period from 80.7% in the first two months of 2025.
Serbia’s most exported products in the review period, worth 570 million euro, were electrical machines, followed by road vehicles totalling 544 million euro, and metal ores and residues worth 386 million euro.
At the same time, Serbia imported electrical machines worth 440 million euro, road vehicles worth 347 million euro, and oil and oil derivatives for 302 million euro.
In January-February, Serbia’s main export destinations were Germany, which absorbed Serbian exports worth 831 million euro, Italy with 480 million euro, and China with 342 million euro. Imports into Serbia originated mainly from China, at 1 billion euro, followed by Germany with 715 million euro, and Italy with 409 million euro.
In February alone, Serbia recorded a trade gap of 817 million euro, widening from a 759 million euro trade deficit in the same month last year. Exports rose by 6.3% on the year to 2.876 billion euro in February, while imports increased by 6.6% to 3.693 billion euro.
In 2025, Serbia’s trade deficit expanded by 2.9% to 8.791 billion euro.
($ = 0.868 euro)
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