7.5% drop in external trade

The value of Serbia’s total external trade from the beginning of the year to the end of July was 22.01 billion euro, down 7.5% from the same period last year, the Statistical Office announced today.

A total of  9.31 billion euro of goods were exported, or 8.2% less than in the same period of 2019, while the value of imports reached 12.70 billion euro, with a decrease in 7.1% from the same period last year, the State Statistical Office (RZS) said.

The deficit was 3.39 billion euro, or 4% less than in the same period last year.

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The export to import ratio was 73.3% and is lower than last year, when it was 74.1%.

External trade was largest with countries with which Serbia signed free trade agreements and the EU member states which accounted for 60.7% of total trade.

The CEFTA countries are the second most important external trade partner of Serbia. The country recorded a surplus of 1.03 billion euro in trading with these countries, mainly when it comes to the export of agricultural products (cereals and derived products), machinery and equipment electrical, crude oil and petroleum products, vehicles and beverages.

Serbia’s exports during the first seven months amounted to 1.51 billion euro and imports to 471.7 million euro, and the export to import ratio was 320.3%.

(Nova, 31.08.2020)

https://nova.rs/vesti/biznis/pad-spoljnotrgovinske-razmene-za-sedam-meseci-75-odsto/

 

This post is also available in: Italiano

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