Serbia’s foreign trade exchange in 2022 amounted to 66 billion euros and is 17 percent higher year-on-year, but the foreign trade deficit exceeded 12 billion euros, which is an increase of 61.2 percent compared to the same period of the previous year, according to the data of the Republic Institute of Statistics (RZS).
Exports amounted to about 27 billion euros, which is a growth of 26.3 percent compared to the same period of the previous year. In 2022, goods were imported into Serbia in the value of around 39 billion euros, which is an increase of 34.8 percent compared to last year. The coverage of imports by exports is 70.6 percent and is less than the coverage in the same period of the previous year, when it was 75.6 percent.
The main foreign trade partners, the countries to which Serbia exported the most goods are: Germany, Bosnia and Herzegovina, Italy, Hungary and Romania. Serbia imported the most goods from: China, Germany, the Russian Federation, Italy and Hungary. The member countries of the European Union account for 58.7 percent of the total exchange. The second most important foreign trade partner of Serbia is represented by the CEFTA countries, with which Serbia has a surplus of about two billion dollars, which is mainly contributed by exports: electricity, grain, oil, iron, steel and beverages, RZS reports.
Sign up for business updates & specials.
