Serbia’s trade deficit rises 52.8% in Jan-March

Serbia’s trade widened by an annual 52.8% to 2.895 billion euro ($3.290 billion) in the first three months of 2025, the statistics office said on Wednesday.

In the January-March period, exports rose by an annual 1.8% to 7.346 billion euro, as imports increased by 12.4% to 10.241 billion euro, the statistics office said in a press release.

The export-import ratio fell to 71.7% from 79.2% in the same period last year.

In March alone, Serbia recorded a trade gap of 1.186 billion euro, widening from a 698 million euro trade deficit recorded in the same month last year. Exports rose by 4% on the year to 2.615 billion euro in March, while imports rose by 18.3% to 3.801 billion euro.

In 2024, Serbia’s trade gap widened by 19.9% to 9.865 billion euro.

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