Serbia’s trade deficit narrowed by an annual 14% to 3.7 billion euro ($4.2 billion) in the first six months of 2026, the statistical office said on Friday.
In January-June, exports rose by 8.3% on the year to 18 billion euro, while imports grew by 3.7% to 21.7 billion euro, the statistical office said in a data release.
The export-import ratio rose to 82.9% in the review period from 79.4% in the first six months of 2025.
Serbia’s most exported products in January-June, worth 1.9 billion euro, were electrical machines, followed by road vehicles totalling 1.87 billion euro, and metal ores and residues worth 1.3 billion euro.
At the same time, Serbia imported electrical machines worth 1.6 billion euro, oil and oil derivatives for 1.4 billion euro, and road vehicles worth 1.2 billion euro.
In January-June, Serbia’s main export destinations were Germany, which absorbed Serbian exports worth 2.7 billion euro, Italy with 1.5 billion euro, and China with 1 billion euro. Imports into Serbia originated mainly from China, at 3.4 billion euro, followed by Germany with 2.5 billion euro, and Italy with 1.5 billion euro.
In June alone, Serbia recorded a trade gap of 777.5 million euro, widening from a 454.9 million euro deficit in the same month last year. Exports rose by 9% on the year to 3.2 billion euro in June, while imports increased 17.3% to nearly 4 billion euro.
In 2025, Serbia’s trade deficit expanded by 2.9% to 8.8 billion euro.
($ = 0.872 euro)
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