EU market

Serbia’s Aluminium Exports Face Wider CBAM Exposure Through Upstream Supply Chains

Serbian aluminium exporters are facing broader exposure to the European Union’s Carbon Border Adjustment Mechanism (CBAM), with emissions from upstream aluminium inputs becoming an important part of the compliance process. EU imports of aluminium and aluminium articles from Serbia reached approximately $505.7 million in 2025, equivalent to around €450 million. A first mapping against current CBAM product headings indicates that about nine tenths of Serbia’s broad aluminium exports to the EU could fall within the mechanism. The largest trade flows…