Serbia’s trade deficit expanded by 2.9% to 8.791 billion euro ($10.503 billion) in 2025, the statistical office said on Thursday.
In 2025, exports rose by 8.4% to 33.1 billion euro, while imports increased by 7.2% to 41.9 billion euro, the statistics office said in a press release.
The export-import ratio rose to 79% in 2025 from 78.2% in the prior year.
Serbia’s most exported products, worth 3.6 billion euro, were electrical machines, followed by road vehicles totalling 2.3 billion euro, and metal ores and residues amounting to 2.1 billion euro.
At the same time, Serbia imported electrical machines worth 2.8 billion euro, road vehicles worth 2.1 billion euro, and oil and oil derivatives totalling 2 billion euro.
In 2025, Serbia’s main export destinations were Germany, which absorbed Serbian exports worth 5.1 billion euro, Italy with 2.2 billion euro, and Bosnia and Herzegovina with 2.1 billion euro. Imports into Serbia originated mainly from China, at 6.4 billion euro, followed by Germany with 4.9 billion euro, and Italy with 2.8 billion euro.
In December alone, Serbia recorded a trade gap of 1 billion euro, narrowing from a 1.1 billion euro trade deficit in the same month of 2024. Exports rose by 11.3% on the year to 2.7 billion euro in December, while imports increased by 5.6% to 3.7 billion euro.
($ = 0.837 euro)
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