Serbia

Serbia ranked No. 110 in total trade value through June with a total of $255.4 million. Exports totaled $62.66 million and Imports totaled $192.74 million, a deficit of $130.09 million.

U.S. trade with Serbia rose to $255.4 million through June

Serbia’s trade with the United States rose to $255.4 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.18 percent above its total trade during the same time period last year. U.S. exports to Serbia decreased 26.65 percent while U.S. imports from Serbia rose 31.67 percent. The U.S. deficit with Serbia was $130.09 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Savannah, Ga.; No. 3 Port of Houston; No. 4 Port of Virginia; and No. 5 Port of Charleston. During the same period the previous year, the top five were No. 1 Port of Newark; No. 2 Port of Houston; No. 3 Port of Savannah, Ga.; No. 4 John F. Kennedy International Airport and No. 5 Port of Virginia. In the current time period, the top five accounted for 51.59 percent of Serbia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 48 percent to $54.96 million.
    Exports fell 10.36 percent to $936,445. Imports rose 49.69 percent to $54.02 million.
  • Trade with No. 2 Port of Savannah, Ga. rose 37.27 percent to $21.56 million.
    Exports fell 49.18 percent to $1.4 million. Imports rose 55.6 percent to $20.16 million.
  • Trade with No. 3 Port of Houston fell 32.88 percent to $19.46 million.
    Exports rose 216.45 percent to $2.11 million. Imports fell 38.74 percent to $17.36 million.
  • Trade with No. 4 Port of Virginia rose 25.89 percent to $18.19 million.
    Exports rose 20.58 percent to $9.01 million. Imports rose 31.58 percent to $9.18 million.
  • Trade with No. 5 Port of Charleston rose 173.77 percent to $17.6 million.
    Exports rose 49.27 percent to $2.57 million. Imports rose 219.41 percent to $15.03 million.

Serbia ranked No. 110 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 118.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Serbia by value through June were the categories of Dishwashers and other cleaning machinery; Civilian aircraft, parts; Low value shipments; Raw tobacco; and Computers, respectively. They accounted for 43.74 percent of total exports to Serbia.

The value of the top five categories of U.S. imports from Serbia –– Mattresses and other bedding products; Electric motors, generators, not sets; Bombs, grenades, cartridges, parts; Engine parts; and Frozen fruit, nuts –– accounted for 46.98 percent of all inbound shipments.

Looking more closely at U.S. exports to Serbia:

  • Dishwashers and other cleaning machinery rose 36406 percent compared to last year to $6.52 million.
  • Civilian aircraft, parts fell 67.79 percent compared to last year to $6.47 million.
  • Low value shipments fell 20.55 percent compared to last year to $6.22 million.
  • Raw tobacco rose 0.7 percent compared to last year to $6.17 million.
  • Computers fell 53.33 percent compared to last year to $2.03 million.

Looking more closely at U.S. imports from Serbia:

  • Mattresses and other bedding products rose 495.26 percent compared to last year to $38.32 million.
  • Electric motors, generators, not sets fell 12.8 percent compared to last year to $23.53 million.
  • Bombs, grenades, cartridges, parts rose 47.21 percent compared to last year to $10.82 million.
  • Engine parts fell 12.6 percent compared to last year to $9.22 million.
  • Frozen fruit, nuts rose 31.32 percent compared to last year to $8.66 million.

In the latest annual figures available, Serbia recorded $490.57 million in trade with the United States. Total U.S. exports to Serbia were $ 150.61 million and imports from Serbia were $339.96 million. The U.S. deficit with Serbia was $189.36 million.