Serbia’s trade deficit shrank by an annual 26% to 2.3 billion euro ($2.7 billion) in the first four months of 2026, the statistical office said on Friday.
In January-April, exports rose by 8.2% on the year to 11.8 billion euro, while imports ticked up 0.5% to 14.1 billion euro, the statistical office said in a data release.
The export-import ratio rose to 83.5% in the review period from 77.5% in the first four months of 2025.
Serbia’s most exported products in January-April, worth 1.24 billion euro, were electrical machines, followed by road vehicles totalling 1.23 billion euro, and metal ores and residues worth 881 million euro.
At the same time, Serbia imported electrical machines worth 1 billion euro, oil and oil derivatives for 835 million euro, and road vehicles worth 804 million euro.
In January-April, Serbia’s main export destinations were Germany, which absorbed Serbian exports worth 1.8 billion euro, Italy with 1.1 billion euro, and China with 772 million euro. Imports into Serbia originated mainly from China, at 2.2 billion euro, followed by Germany with 1.7 billion euro, and Italy with 960 million euro.
In April alone, Serbia recorded a trade gap of 773 million euro, narrowing from a 1 billion euro deficit in the same month last year. Exports rose by 8.7% on the year to 3 billion euro in April, while imports increased by 0.2% to 3.8 billion euro.
In 2025, Serbia’s trade deficit expanded by 2.9% to 8.791 billion euro.
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