external balance

Services surplus supports Serbia’s external balance in early 2026

Serbia’s external balance is increasingly supported by services exports, a structural shift that receives less attention than goods trade, foreign direct investment or industrial production. The country’s goods trade deficit remains a recurring macro feature. Services are now contributing more to offsetting that gap and strengthening foreign-exchange resilience. The services surplus reached €546.6mn in January–February 2026, up 1.6% year-on-year. The figure points to a balance of payments where services-related activities are taking on greater weight. ICT, business services, technical services,…