Trade between Serbia and Ukraine has returned to the prewar level

Serbian exports to Ukraine in 2025 amounted to $202.9 million, and imports from Ukraine to $239.3 million. About 900 Serbian companies currently continue to work with Ukraine, of which 670 import Ukrainian goods.

“In the first quarter of this year, the growth trend continued: Serbian exports to Ukraine doubled compared with the same period last year, while Ukrainian exports to Serbia grew by 4.5%,” Čadež said.

The president of the Serbian chamber noted that the pandemic, and then the war, demonstrated the high interdependence of the two economies. This applies especially to supplies of Ukrainian raw materials and intermediate products for Serbian industry. According to Čadež, before the war such supplies accounted for about 70% of Serbian imports from Ukraine.

Among the key Ukrainian goods for Serbia, he named iron ore, coal, aluminum wire, and cellulose. Supply disruptions after February 2022 created problems for a number of Serbian industries, in particular metallurgy.

Serbian-Ukrainian trade continues to be dominated by raw materials, industrial products, and goods for the manufacturing industry. Ukraine buys mineral and chemical fertilizers, PVC floor coverings, paper and cardboard, car tires, and detergents and cleaning products from Serbia.