Country exposure · RS

Serbia
Europe · Belgrade (Beograd) · parliamentary republic
What Serbia means for your money — the prices you pay, the tariffs in motion, and where U.S. policy could change both.

$944M
U.S. imports, 2025
+16.1%
change in one year
$214M
U.S. exports, 2025
7M
Population
$89.1B
GDP
In your house
What you buy that Serbia makes
America bought $944M in goods from Serbia in 2025 — up 16.1% in a single year. Of every $100 of it, here's where the money went.
Automotive tires and tubes
tires
Other parts and accessories of vehicles
car parts and accessories
Industrial engines
Generators, accessories
Feedstuff and foodgrains
Fruits, frozen juices
fruit and frozen juices
Bakery products
Finished metal shapes
Electric apparatus
Other military equipment
2026 so far (through April): $243M in imports. Source: U.S. Census Bureau, International Trade in Goods (customs basis).
The other direction
What America sells to Serbia
$214M in 2025 — a trade rupture cuts both ways, for American producers as well as American prices.
Civilian aircraft, engines, equipment, and parts
$35MPlastic materials
$22Mplastics for packaging and goods
Minimum value shipments
$20MIndustrial engines
$14MIndustrial machines, other
$14MOther industrial supplies
$8MPharmaceutical preparations
$7Mmedicines and pharmacy items
Measuring, testing, control instruments
$7MElectric apparatus
$7MWhere you stand
U.S. tariff posture toward Serbia
Serbia was assigned 37% in April 2025, revised to 35% — the highest rate in the Balkans alongside Bosnia. Despite Belgrade submitting a proposal for a tariff agreement, no deal was reached, and the 35% rate took effect August 7, 2025. Executive Order 14389 (Ending Certain Tariff Actions, Feb 20, 2026) terminated the IEEPA reciprocal duties, and Proclamation 11012 replaced it with a 10% Section 122 temporary import surcharge effective February 24, 2026 — a sharp reduction for Serbian exporters. Serbia has no Section 232 steel/aluminum exposure.
Reciprocal tariff (assigned — terminated)
37%
The rate this country was assigned under the EO 14257 reciprocal Annex — no longer in force. The Supreme Court struck down the IEEPA tariffs and they were terminated February 24, 2026 (EO 14389), replaced by a universal ~10% Section 122 surcharge. See the timeline below for the current effective rate.
Policy in motion
Tariff status: a moving target
U.S. tariff policy toward Serbia has changed 4 times since 2025. This page tracks it.
2026-02-24
IEEPA reciprocal tariffs terminated — replaced by 10% Section 122
In effectExecutive Order 14389 (Ending Certain Tariff Actions) terminated the IEEPA tariff duties effective February 24, 2026, replacing Serbia's 35% reciprocal rate with a 10% Section 122 temporary import surcharge under Proclamation 11012 (capped at 150 days).
91 FR 9437 →2025-08-07
Rate set at 35% — no deal reached
In effectExecutive Order 14326 set the post-pause Annex I reciprocal rates; Serbia's rate was set at 35% effective August 7, 2025 — the highest in the Balkans alongside Bosnia — after Belgrade's proposal for an agreement went unanswered.
90 FR 37963 →2025-04-10
Elevated reciprocal rates paused to 10% for 90 days
In effectExecutive Order 14266 suspended the higher country-specific reciprocal rates — including Serbia's 37% — back to the 10% baseline for 90 days to allow negotiations.
90 FR 15625 →2025-04-05
Reciprocal tariff regime begins — Serbia assigned 37%
In effectExecutive Order 14257 imposed a 10% universal reciprocal duty effective April 5 and a 37% country-specific rate for Serbia scheduled to take effect April 9 — among the highest assigned to any European country.
90 FR 15041 →
Made for America
What Serbia makes for America
Serbia is a direct U.S. source of 12 essential goods Americans rely on — the items themselves, shipped finished off the line.
materials
2% of U.S.Tires
$309M to the U.S.
materials
Auto parts and repairs
$58M to the U.S.
home
1% of U.S.Pet food and supplies
$32M to the U.S.
logistics
1% of U.S.Water infrastructure supplies
$24M to the U.S.
food
Chocolate and cocoa products
$21M to the U.S.
logistics
3% of U.S.Ammunition
$20M to the U.S.
home
Tableware & dishware
$12M to the U.S.
materials
2% of U.S.Roofing materials
$12M to the U.S.
food
Frozen foods
$11M to the U.S.
materials
Copper and electrical wiring
$9M to the U.S.
materials
Clothing and apparel
$9M to the U.S.
materials
Furniture
$8M to the U.S.
Go deeper
The supply chain view
Serbia sits upstream of 4 essential American goods through 4 tracked inputs.
mineral
3%Bleaching earth (activated clay)
manufactured
2%Collagen Casings (Beef Hide Collagen)
manufactured
1%Decorative Glass & Ceramics
manufactured
1%Industrial compressor components
Reference
The country itself
Europe · Geography, people, economy, and government — public-domain data from the CIA World Factbook.
In 1918, the Croats, Serbs, and Slovenes formed a kingdom known after 1929 as Yugoslavia. The monarchy remained in power until 1945, when the communist Partisans headed by Josip Broz (aka TITO) took control of the newly created Socialist Federal Republic of Yugoslavia (SFRY). After TITO died in 1980, communism in Yugoslavia gradually gave way to resurgent nationalism. In 1989, Slobodan MILOSEVIC became president of the Republic of Serbia, and his calls for Serbian domination led to the violent breakup of Yugoslavia along ethnic lines. In 1991, Croatia, Slovenia, and Macedonia declared independence, followed by Bosnia in 1992. The remaining republics of Serbia and Montenegro declared a new Federal Republic of Yugoslavia (FRY) in 1992, and MILOSEVIC led military campaigns to unite ethnic Serbs in neighboring republics into a "Greater Serbia." These actions ultimately failed, and international intervention led to the signing of the Dayton Accords in 1995. In 1998, an ethnic Albanian insurgency in the formerly autonomous Serbian province of Kosovo resulted in a brutal Serbian counterinsurgency campaign. Serbia rejected a proposed international settlement, and NATO responded with a bombing campaign that forced Serbian forces to withdraw from Kosovo in June 1999. In 2003, the FRY became the State Union of Serbia and Montenegro, a loose federation of the two republics. In 2006, Montenegro seceded and declared itself an independent nation. In 2008, Kosovo also declared independence -- an action Serbia still refuses to recognize. In 2013, Serbia and Kosovo signed the first agreement of principles governing the normalization of relations between the two countries. Additional agreements were reached in 2015 and 2023, but implementation remains incomplete. Serbia has been an official candidate for EU membership since 2012, and President Aleksandar VUCIC has promoted the ambitious goal of Serbia joining the EU by 2025.

Geography
- Location
- Southeastern Europe, between Macedonia and Hungary
- Area
- 77,474 sq km
- Climate
- in the north, continental climate (cold winters and hot, humid summers with well-distributed rainfall); in other parts, continental and Mediterranean climate (relatively cold winters with heavy snowfall and hot, dry summers and autumns)
- Terrain
- extremely varied; to the north, rich fertile plains; to the east, limestone ranges and basins; to the southeast, ancient mountains and hills
- Natural resources
- oil, gas, coal, iron ore, copper, zinc, antimony, chromite, gold, silver, magnesium, pyrite, limestone, marble, salt, arable land
- Coastline
- 0 km (landlocked)
- Natural hazards
- destructive earthquakes
People & society
- Population
- 6,652,212 (2024 est.)
- Nationality
- Serb(s)
- Ethnic groups
- Serb 83.3%, Hungarian 3.5%, Romani 2.1%, Bosniak 2%, other 5.7%, undeclared or unknown 3.4% (2011 est.)
- Languages
- Serbian (official) 88.1%, Hungarian 3.4%, Bosnian 1.9%, Romani 1.4%, other 3.4%, undeclared or unknown 1.8% (2011 est.)
- Religions
- Serbian Orthodox 81.1%, unknown 5.3%, Islam 4.2%, Catholic 3.9%, no response 2.5%, atheist 1.1%; less than 1%: other Christians, Protestant, agnostic (2022)
- Median age
- 44.1 years (2025 est.)
- Life expectancy at birth
- 75.3 years (2024 est.)
- Literacy
- 99.3% (2022 est.)
Economy
- Economic overview
- upper middle-income Balkan economy; current EU accession candidate; hit by COVID-19; pursuing green growth development; manageable public debt; new anticorruption efforts; falling unemployment; historic Russian relations; energy import-dependent
- Industries
- automobiles, base metals, furniture, food processing, machinery, chemicals, sugar, tires, clothes, pharmaceuticals
- Agricultural products
- maize, wheat, sugar beets, milk, sunflower seeds, soybeans, potatoes, barley, apples, plums (2023)
- Exports - partners
- Germany 15%, Hungary 7%, Bosnia & Herzegovina 5%, Italy 5%, Romania 5% (2023)
- Imports - partners
- Germany 12%, China 10%, Italy 7%, Turkey 5%, Hungary 5% (2023)
Government
- Government type
- parliamentary republic
- Capital
- Belgrade (Beograd)
- Independence
- 5 June 2006 (from the State Union of Serbia and Montenegro); notable earlier dates: 1217 (Serbian Kingdom established); 16 April 1346 (Serbian Empire established); 13 July 1878 (Congress of Berlin recognizes Serbian independence); 1 December 1918 (Kingdom of Serbs, Croats, and Slovenes established, later known as Yugoslavia)
- Constitution
- many previous; latest adopted 30 September 2006, approved by referendum 28-29 October 2006, effective 8 November 2006
- Executive branch
- President Aleksandar VUCIC (since 31 May 2017)
- Legislative branch
- National Assembly (Narodna skupstina)
Full reference data
Every field, by section — CIA World Factbook. Open a topic to expand it.
Introduction
Travel Facts
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Page last updated: Wednesday, July 20, 2022