Serbia
U.S. Trade with Serbia in 2023
Export Market Rank
#126 Among U.S. Agricultural Export Markets
Total Export Value
$10.04 Million
3-Year Average
$13.6 Million
Compound Average Growth
-3.93% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Serbia in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Tobacco | $4.75 Million | 593 | $8.59 Million | -14% |
| Distilled Spirits | $2.48 Million | --- | $1.82 Million | 119% |
| Sugar | $572,913 | 58 | $245,645 | 1389% |
| Other Consumer Oriented | $396,660 | --- | $346,560 | -42% |
| Tree Nuts | $357,400 | 99 | $693,721 | -67% |
| Other Intermediate Products | $197,231 | 0.64 | $197,810 | -10% |
| Food Preparations | $195,691 | 5 | $618,818 | -73% |
| Processed Fruit | $156,485 | 49 | $602,566 | -75% |
| Poultry Meat & Prods. (excl. eggs) | $153,910 | 125 | $1.82 Million | -95% |
| Rice | $146,238 | 79 | $81,788 | --- |
Data and Analysis
Serbia’s 2009 “Law on Genetically Engineered Organisms (GEOs)” prohibits the importation and commercial production of genetically engineered crops. While Serbia’s Ministry of Agriculture, Forestry and Water Management has prepared a more forward-leaning “Law on GEOs” amendment in 2018, the current Serbian government has not considered adoption of this revision.
Serbia’s Marketing Year (MY) 2024/25 wheat area is forecast at 625,000 hectares (HA), 14 percent lower than the previous year. If the predicted yield of 5 MT/HA is achieved, wheat production is expected to reach 3.1 Million Metric Tons (MMT).
Serbia offers good opportunities for the U.S. exporters of consumer-oriented agriculture products. From January-October 2023, total U.S. exports of agriculture products to Serbia reached $22.6 million, an increase of about 16 percent compared to the same period in 2022.
News and Features
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