Agricultural and food import-export grows from last year

According to the Serbian Chamber of Commerce, the agricultural and food industry’s external trade was worth almost EUR 3.1 billion in the first six months of this year, an increase of 11.7% compared to the same period last year.

Goods worth EUR 1.98 billion were exported, an increase of 13.6% compared to the 2020 results, according to data from the State Statistics Office (RZS). Imports were worth almost EUR 1.12 billion, or 8.4 per cent more than in the first six months of 2020.

There was a surplus in external trade in agricultural products and foodstuffs in the first half of this year of EUR 859.4 million, which is a 21.1% increase compared to the first half of 2020. The import to export ratio was 177% and is higher than in the six months of last year when it was 169%.

The most important agricultural export products in the first half of 2021 were wheat (298.9 million euros), frozen raspberries (137.4 million euros), wheat (91.1 million euros) and cigarettes containing tobacco (88.5 million and smoking tobacco – 86.4 million euros).

In terms of export structure, cereals make up 26.8%, fruit and vegetables 22%, tobacco 9.7% and beverages 6.8%.

On the import side, Serbia mostly imported bananas (35.1 million euros), various foodstuffs (55 million euros), unroasted coffee (22.1 million), cigarettes (19.7 million euros) and pork (18 million euros). In terms of import structure, fruit and vegetables have the largest share with 24.8%, followed by coffee and tea 11% and tobacco 8.9%.

In the first half of this year, Serbia mostly exported food and agricultural produce to the EU countries (a 55.8% share, or 1,102.9 million euros), followed by the CEFTA countries with 22.7% (448.8 million euros) and the Russian Federation with 7.8% (153.6 million euros).

(Blic, 30.08.2021)

https://www.blic.rs/biznis/privreda-i-finansije/poljoprivreda-i-prehrambena-industrija-srbije-ostvarile-suficit-u-razmeni-od-8594/99s6d8s

This post is also available in: Italiano

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