trade dynamics

Serbia’s trade dynamics in 2023: Export growth and import decline

In 2023, Serbia saw its exports reach a total value of 28.6 billion euros, marking a 3.7 percent annual increase, while imports declined by 5.5 percent to 36.86 billion euros during the same period, according to the Republic Statistical Office. The country's trade deficit, measured in euros, narrowed to 8.2 billion euros, down by 27.9 percent compared to the previous year. Export coverage of imports rose to 77.7 percent from 70.6 percent in the previous year, reflecting improved trade balance…