Exports in Serbia

Serbia Exports | Economic News & Forecasts

Serbia - Exports

Available data for the first quarter of the year pointed to largely upbeat activity, though the war in Ukraine will have dented momentum toward the tail end. Merchandise exports rose at a faster clip in the quarter, while stronger goods import growth pointed to firming domestic demand. Retail sales shifted into a higher gear in Q1, mainly due to skyrocketing growth in March. Sequential data for February and March showed that industrial output gained steam. However, household consumption should cool from the tail end of Q1 and into Q2 due to the war in Ukraine: Inflation rose to a near nine-year high in March amid costlier food and energy. Rising producer price inflation in February and March suggests the worst is yet to come. That said, price caps on petrol and diesel will remain in place until the end of May, and the excise duty was recently lowered by 15.0% in bids to support consumers.

Serbia - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)12.6  14.2  15.9  17.8  18.4  

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Note: Exports in USD bn.
Source: Statistical Office

Serbia Facts

Value Change Date
Bond Yield3.050.0 %Dec 31
Exchange Rate104.9-0.31 %Jan 01

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