Serbia recorded a trade deficit of 591.30 USD Million in March of 2021. source: Statistical Office of the Republic of Serbia

Balance of Trade in Serbia averaged -550.23 USD Million from 2001 until 2021, 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 May of 2021.

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 -390.00 in 12 months time. In the long-term, the Serbia Balance of Trade is projected to trend around -390.00 USD Million in 2022 and -1080.00 USD Million in 2023, according to our econometric models.

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Serbia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-591.30 -476.10 -161.00 -1364.00 2001 - 2021 USD Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-01-29 11:00 AM Dec $-683.2M $-706.6M
2021-03-12 11:00 AM Jan $-320.8M $-683.2M $-480M
2021-03-31 10:00 AM Feb $-476.1M $-320.7M $-410M
2021-04-29 10:00 AM Mar $-591.3M $-476.1M
2021-05-31 10:00 AM Apr $-591.3M
2021-06-30 10:00 AM May
2021-07-30 10:00 AM Jun
2021-08-31 10:00 AM Jul

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.