MAT: Serbian exports growing, imports declining

Industrial production in Serbia has been growing slightly since the beginning of 2023, thanks to the growth of electricity production, the April issue of the journal Macroeconomic Analysis and Trends (MAT) says.

 The growth of mining production, which recorded a noticeable increase last year, has stopped.

“Since the beginning of the year, exports from Serbia have also been growing, while imports have been dropping dramatically, which has a favourable effect on the narrowing of the external trade deficit,” MAT experts said. It is added that both in March and April the export-to-import ratio was also high.

In April of this year, inflation was reduced both on a monthly and year-on-year basis. In March and April 2023, monthly inflation of 0.9 percent and 0.7 percent and year-on-year inflation of 16.2 percent and 15.1 percent respectively were registered.

As he stated, the monthly inflation in April 2023 was reduced exclusively under the influence of temporary factors.

Year-on-year inflation in March and April 2023 was higher in Serbia than in the EU, but also lower than in some EU countries.

In March 2023, only four EU countries had higher year-on-year inflation than Serbia – Estonia (15.6 percent), the Czech Republic (16.5 percent), Latvia (17.2 percent) and Hungary (25.6 percent).

In April 2023, only two EU countries had higher year-on-year inflation than Serbia, Latvia (15 percent) and Hungary (24.5 percent).

(Biznis i Finansije, 12.06.2023)

This post is also available in: Italiano

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