LJAJIC: Export to Germany increased by 26%

The export from Serbia to Germany in the first six months of 2016 increased by 26% relative to the same period last year and reached EUR 877 million, said Minister of Trade, Tourism and Telecommunications Rasim Ljajic on Saturday, August 6.

The export-import ratio in the trade with Germany, he specified, reached the record 80%.

– If this trend continues, our export to the strongest European economy might get close to the record amount of EUR 2 billion in late 2016 already, and total merchandise trade might exceed EUR 4 billion – Ljajic said.

The minister pointed out that the structure of Serbia’s export to Germany had also improved in favor of products with a higher degree of finish, since as much as 55% of Serbia’s export was made up of machines and transport devices.

– This year’s export to Germany has mainly consisted of generators of alternating current, machine components, conductor spark plug wire sets, frozen raspberries, dialysis equipment, electrical resistors, parts and accessories for motor vehicles, pharmaceutical drugs, automobiles, aluminum products, rubber products and pantyhose – the minister said.

Ljajic added that the share of agricultural and food products in the total export to Germany was around 10% and that Serbia had been making a surplus trading those products for years.

– When it comes to fruit, we mostly export frozen raspberries to Germany. The export of raspberries increased by as much as 40% in the first six months of the current year and is EUR 43 million. A surplus has also been recorded in service trade – Ljajic said.

(eKapija, 07.08.2016)


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