Serbia’s trade deficit narrowed to 4.4 billion euro ($5.1 billion) in the first seven months of 2026 from 5.0 billion euro in the like period of last year, the statistical office said.
In January-July, exports rose 8.8% on the year to 21 billion euro, while imports grew by an annual 4.4% to 25.5 billion euro, the statistical office said in a data release on Monday.
The export-import ratio rose to 82.7% in the reviewed period from 79.4% in the first seven months of 2025.
Serbia’s most exported products in January-July, worth 2.22 billion euro, were road vehicles, followed by electrical machines totalling 2.19 billion euro, and metal ores and residues worth 1.55 billion euro.
At the same time, Serbia imported electrical machines worth 1.85 billion euro, oil and oil derivatives for 1.67 billion euro, and road vehicles worth 1.49 billion euro.
In January-July, Serbia’s main export destinations were Germany, which absorbed Serbian exports worth 3.2 billion euro, Italy with 1.9 billion euro, Bosnia and Herzegovina with 1.4 billion euro, China with 1.3 billion euro and Hungary with 1.1 billion euro. Imports into Serbia originated mainly from China, at 4.1 billion euro, followed by Germany with 3.0 billion euro, Italy with 1.8 billion euro, Turkey with 1.3 billion euro, and Hungary with 1.0 billion euro.
In July alone, Serbia’s trade gap contracted to 654 million euro from 726 million euro in the same month last year after exports rose by 8.9% on the year to 3.05 billion euro and imports increased 5.0% to 3.71 billion euro in July.
In 2025, Serbia’s trade deficit expanded by 2.9% to 8.8 billion euro.
($ = 0.8625 euro)
Source Link