As the statistical office said on Tuesday, Serbia’s trade deficit decreased by an annual 24.9% to 936.3 million euro ($1.1 billion) in the first two months of 2026.
Also, according to a press release of the statistical office, exports rose by 1.6% on the year to 5.292 billion euro in the reporting period. Nevertheless, imports fell by 3.5% to 6.228 billion euro.
Meanwhile, the export-import ratio in the review period increased to 84.9% from 80.7% in the first two months of 2025.
Notably, electrical machines (570 million euro), road vehicles (544 million euro in total), metal ores and residues (386 million euro) were Serbia’s most exported products in the review period.
Simultaneously, electrical machines worth 440 million euro, road vehicles worth 347 million euro, and oil and oil derivatives for 302 million euro were imported by Serbia.
Germany, (831 million euro), Italy (480 million euro), and China (342 million euro) were Serbia’s main export destinations in the reporting period. Serbia mainly imported goods from China (1 billion euro), Germany (715 million euro), and Italy (409 million euro).
In February a trade gap of 817 million euro widened from a 759 million euro trade deficit in the same month last year. The increase of exports attained 6.3% on the year (2.876 billion euro) in February. Meanwhile the raise of imports was 6.6% (3.693 billion euro).
In 2025, Serbia’s trade deficit expanded by 2.9% to 8.791 billion euro.
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.
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