The value of Serbia’s external trade in goods stood at 34.09 billion euro in the first ten months of this year, which is 7.5% more than the same period last year, with exports growing by 7.3% and imports by 7.8%, announced yesterday the State Statistical Office.
Total export of goods stood at 14.60 billion euro, while the import amounted to 19.48 billion euro, so the deficit was 4.88 billion euro, an increase of 9.2%. The import to export ratio amounted to 74.9% and is lower than in the same period of 2018, when it was 75.3%.
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Serbia has been trading the most with the countries that it has signed free trade agreements. In total, EU member states have a share of 62.5% in total external trade of Serbia.
The main foreign trading partner is Germany. Serbia exported 1.86 billion euro worth of goods to Germany, and imported 2.52 billion euro worth of goods from Germany.
The value of Serbian exports to the CEFTA countries, in the first ten months of this year, was 2.48 billion euro, while imports amounted to 784.8 million euro, which is a surplus of 1.7 billion euro. The import to export ratio stood at 316.7%.
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