November 2016: Industrial production and foreign trade growth

In the first eleven months of this year, Serbia’s total trade with foreign countries amounted to 31.16 billion dollars (or 28 billion EUR) which is a 7.8% growth compared to the same period last year – the National Statistical Office has announced.

Serbia exported 13.65 bln dollars worth of goods and services (an 11% hike compared to last year), and imported 17.51 bln dollars worth of goods and services, which is 5.5% more relative to the same period last year.

The export to import ration was 78% and is higher compared to the same period in 2015 when it stood at 74.1%.

In the observed period, Serbia mostly exported to Italy (2 bln dollars worth of export), Germany (1.8 bln), Bosnia and Herzegovina (1.1 bln), Romania (771 million), and the Russian Federation (approx. 730 million).

Serbia also mostly imported from Germany (approx. 2.3 bln dollars worth of import), Italy (1.8 bln), China (1.5 bln), the Russian Federation (approx. 1.4 bln), and Hungary (798 million).

In November 2016, industrial production in Serbia grew by 1.3% compared to the same month in 2016, and relative to last year’s average, the growth stood at 9.2%. In the eleven months of this year, industrial production grew by 4.6% compared to the same period in 2015.

The growth in processing industry stood at 4.9%, in mining 0.5%, durable consumer goods 9.6%, intermediate products (except energy) 6.8%, and non-durable consumer goods 3.8%. A drop of 7.1% has been recorded in the energy sector.

(Beta, 29.12.2016)

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This post is also available in: Italiano

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