export recovery

Serbia trade recovery linked to EU cycle, with Germany as top partner

Serbia’s export recovery in early 2026 continues to track European industrial demand. In the first quarter, the EU accounted for 59.2% of Serbia’s total goods trade, while Germany was the largest single partner at a 13.2% share. The figures place Serbia’s external performance within the EU’s industrial core. First-quarter trade data point to an improvement in goods flows. Exports rose 7.1% to €8.713bn, while imports increased by only 0.3% to €10.314bn. The goods deficit narrowed by 25.4% to €1.601bn, and…