The State Statistics Office (RZS) said on Friday that Serbia’s external trade stood at 40 billion euro in 2020 and was 3.4 percent lower than in 2019.
Exports totalled 17.05 billion euro or 2.8 percent lower than a year earlier while imports totaled 22.95 billion euro and were 3.8 percent lower. The foreign trade deficit was 5.9 billion euro or 6.8 percent lower than in 2019.
The RZS said that 74.3 percent of imports were covered by exports compared to 2019 when it stood at 73.4 percent.
European Union member states accounted for 61.4 percent of Serbia’s external trade.
The Vojvodina region had the largest share of Serbian exports (35.7%), while the Belgrade region tops the list in terms of imports (a 48.2% share in the country’s total imports).
Germany was Serbia’s biggest external trade partner. The country exported goods worth about 2.2 billion euro to Germany and imported products worth 3.1 billion euro.
CEFTA countries were the second most important trade partner. Serbia recorded a trade surplus of 1.84 billion euro in trading with these countries. Exports amounted to 2.71 billion euro and imports to 875 million. The import to export ratio was 310.8%.
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