The overall value of the Republic of Serbia’s external trade, from January-May 2020, amounted to EUR 15.34 billion, which is an 8.1% decrease compared to the same period in 2019, the Statistical Office of the Republic of Serbia announced.
The value of exports amounted to EUR 6.42 billion, which was a decrease of 9.5%, relative to the same period last year. The value of imports amounted to EUR 8.92 billion, which was a 7.1% decrease when compared to the same period last year.
The deficit amounted to EUR 2.5 billion, a 0.5% decline in relation to the same period last year, while the export-import ratio stood 72%, a decline from last year when it was 73.8%.
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The European Union countries account for 60.1% of total external trade, and the biggest individual external trade partner was Germany, to which Serbia exported goods worth EUR 819.3 million and imported EUR 1.14 billion worth of goods and services.
The CEFTA countries are Serbia’s second major external trade partner.
The value of exports from the CEFTA countries to Serbia amounted to EUR 1.03 billion and imports to EUR 317.1 million.
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