In the first two months of 2022, Serbia exported goods worth EUR 3.7 billion, 26.8% more than in the same period of 2021, while imports increased by 51.7%, to around EUR 5.5 billion, the State Bureau of Statistics (RZS) has said.
The value of Serbia’s external trade in two months amounted to EUR 9.2 billion, 41.1% more than in the same period last year. Compared to the same period last year, the deficit increased by 154.6% to EUR 1.7 billion.
The export to import ratio stood at 68.5% and was lower than in the same period last year, when it was 81.3%. External trade was greater with countries with which Serbia had signed free trade agreements, while the EU Member States accounted for 61.5% of total trade.
Serbia’s second most important partner are the CEFTA countries, with which it had a trade surplus of EUR 322.6 million, resulting mainly from exports of crude oil and oil-related products, iron and steel, agricultural products (cereals and cereal-based products), electricity, machinery and electrical equipment. Serbia’s exports to these markets amounted to EUR 535.1 million and imports to EUR 212.5 million, while the export to import ratio stood at 251.8%.
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