Bilateral trade in goods and services between Ukraine and the Republic of Serbia in 2021 totaled 433,5 million USD (increased by 36% compared to 2020).

• export of goods and services totaled 230 million USD (↑53,6%);
• import of goods and services totaled 203,4 million USD (↑20,1%).

The balance of trade in goods and services for this period is positive for Ukraine - $26,6 million.

Bilateral trade in goods between Ukraine and the Republic of Serbia in 2021 totaled 410,2 million USD (increased by 35,8% compared to 2020).

• export of goods totaled 215 million USD (↑57,4%);
• import of goods totaled 165,2 million USD (↑18,1%).
• The balance of trade in goods for 2021 is positive for Ukraine - $19,8 million.
  
• Bilateral trade in services between Ukraine and the Republic of Serbia in 2021 totaled 23,3 million USD (increased by 38,7% compared to 2020).
  
  
• • export of services totaled 15,1 million USD (↑14,6%);
   
  • import of services totaled 8,2 million USD (↑99,4%).
   

The balance of trade in services for 2021 is positive for Ukraine - $6,9 million.

 

Main articles of export: iron ore and ferrous metals (70%); increased the supply of grain crops (↑1115%), soap (↑1084%) and vessels and components (↑1327%).

Main articles of import: fertilizers ($21 mln), plastics, and polymeric materials; electric machines; paper and cardboard; ferrous metals.

 

Dynamics of bilateral trade in goods and services between Ukraine and the Republic of Serbia (million USD)

 

 

According to the Ministry of Finance of the RS, about one thousand business entities cooperate with Ukraine.

According to the Agency for Registration of Business Entities, in 2020, 142 business entities were registered in Serbia, the majority owners of which are citizens of Ukraine or Ukrainian legal entities, most of which are engaged in retail trade and trade in auto parts, processing industry.