Serbia recorded a trade deficit of 530.40 USD Million in August of 2020.

Balance of Trade in Serbia averaged -550.25 USD Million from 2001 until 2020, reaching an all time high of -161 USD Million in August of 2001 and a record low of -1364 USD Million in July of 2008. This page provides the latest reported value for - Serbia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Serbia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Statistical Office of the Republic of Serbia

Balance of Trade in Serbia is expected to be -390.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Serbia to stand at -530.00 in 12 months time. In the long-term, the Serbia Balance of Trade is projected to trend around -850.00 USD Million in 2021 and -1080.00 USD Million in 2022, according to our econometric models.

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Serbia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-530.40 -572.50 -161.00 -1364.00 2001 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-30 10:00 AM May $-377.9M $-444.3M $-420M
2020-07-31 10:00 AM Jun $-445.1M $-377.9M $ -460M
2020-08-31 10:00 AM Jul $-572.5M $-445.1M
2020-09-30 10:00 AM Aug $-530.4M $-572.5M
2020-10-30 11:00 AM Sep $-530.4M $ -390M
2020-11-30 11:00 AM Oct
2020-12-30 11:00 AM Nov


Serbia Balance of Trade
Although Serbia is not yet a part of the European Union, a free trade agreement was signed in 2008, making the European Union Serbia's most important trade partner. Serbia's foreign trade is dominated by its natural resources, mainly metals, but industrial goods and agriculture also play an important role.