[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · SRB · 2024
Serbia trade profile
In 2024, Serbia recorded $32.5B in merchandise exports and $40.8B in imports, producing a $8.3B trade deficit. Exports changed +6.1% from the previous year, while imports changed +5.3%.[1]
Exports
$32.5B
+6.1%
Imports
$40.8B
+5.3%
Trade balance
-$8.3B
deficit
Active partners
270
2 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$5.3B
HS 85 · Electrical machinery
260 active HS6 lines · 147 export partners
2$2.5B
HS 84 · Machinery
507 active HS6 lines · 156 export partners
3$1.8B
HS 26 · HS chapter
27 active HS6 lines · 32 export partners
4$1.7B
HS 27 · Mineral fuels and oils
40 active HS6 lines · 70 export partners
5$1.6B
HS 74 · HS chapter
49 active HS6 lines · 78 export partners
6$1.5B
HS 40 · HS chapter
80 active HS6 lines · 135 export partners
7$1.4B
HS 39 · HS chapter
129 active HS6 lines · 142 export partners
8$1.2B
HS 87 · Vehicles
87 active HS6 lines · 129 export partners
Leading export markets
Destinations rank bilateral export flows from Serbia; growth describes each corridor rather than the whole economy.
1$5.0B
Germany
Annual change +5.5% · 3-year CAGR 15.3%
2$2.1B
China
Annual change +43.5% · 3-year CAGR 29.7%
3$2.0B
Hungary
Annual change -5.8% · 3-year CAGR 5.5%
4$1.7B
Bosnia and Herzegovina
Annual change +1.8% · 3-year CAGR 3.7%
5$1.6B
Italy
Annual change -2.2% · 3-year CAGR -5.5%
6$1.3B
Romania
Annual change -8.5% · 3-year CAGR 7.3%
7$1.3B
Czechia
Annual change +12.8% · 3-year CAGR 12.7%
8$1.1B
Bulgaria
Annual change +0.8% · 3-year CAGR 8.2%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.