Serbia Trade Deficit Widens in October

Serbia’s trade deficit widened to USD 806.5 million in October 2025 from USD 799.5 million in the corresponding month of the previous year. Exports rose 11.5% year-on-year to USD 3,432 million, driven by higher shipments of capital goods (28.5%), intermediate goods (7.0%), non-durable consumer goods (11.7%) and durable consumer goods (12.1%). However, energy exports fell 6.9%. Imports climbed 9.3% to USD 4,238.5 million, led by purchases of capital goods (16.1%), durable consumer goods (16.1%) and goods unclassified by MIG destination (12.5%), while energy imports declined 4.0%.