trade volatility

Energy Imports Shape Serbia’s Trade and Industrial Landscape

Serbia's trade balance is significantly influenced by energy imports, particularly oil and natural gas, which play a critical role in the country's economic structure. While manufacturing performance and export growth are often the focus of analysis, the volatility associated with energy imports remains a key determinant of Serbia's trade deficit and industrial costs. Energy imports are subject to rapid fluctuations in global prices, contrasting with the more stable evolution of manufactured goods. Even minor changes in international prices can lead…