FX.co ★ Serbia Trade Deficit Narrows in March

Serbia’s trade deficit narrowed to USD 803.3 million in March 2026, down from USD 969.1 million in the same month a year earlier. Exports climbed 25% to USD 3,918.1 million, supported by strong growth in shipments of capital goods (56.7%), intermediate goods (26%), and non-durable consumer goods (10.5%). By contrast, energy exports dropped sharply, falling 36.7%. Imports also increased, rising 15% to USD 4,721.4 million, driven by higher purchases of capital goods (25%), intermediate goods (23.2%), and durable consumer goods (16.6%). At the same time, imports of non-durable consumer goods declined by 5.4%.