The surplus in trading in services with the world increased by 30%

According to the National Bank of Serbia data, in the first nine months of this year, Serbia exported services worth 7.7 billion euros, and imported services in the value of 6.5 billion euros.

Thus, Serbia has recorded a surplus in trading in services with foreign countries, which is 30 percent higher than last year. Revenues from the export of services exceeded their import by 1.3 billion euros, for the first nine months of this year.

Bojan Stanić, assistant director of the Strategic Analysis Sector of the Serbian Chamber of Commerce, says: “In the observed period, according to NBS data, we exported services worth 7.7 billion euros, and imported around 6.5 billion euros. Exports and imports grew at an almost uniform rate of about 40 percent compared to the same period last year. However, taking into account the larger export base, the surplus in the trade in services went up by 30 percent.”

For instance, a surplus of nearly 1.4 billion euros was recorded in trading in IT-related services. Also, an excellent result was achieved in exporting professional and managerial consulting services. The USA, Germany, Great Britain, Switzerland, Russia and the United Arab Emirates remain the most important market. We have a substantial trade surplus with all these countries. Also, Bosnia and Herzegovina, the Netherlands and Belgium are important export markets for our services.

On the other hand, our country has recorded a significant deficit of around 630 billion euros in transport services and a very slight deficit in tourist services. We have a deficit in the trade of services primarily with tourist countries – Greece, Turkey and Egypt – as well as China.

(Politika, 08.12.2022)

This post is also available in: Italiano

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *

scroll to top
× Thinking to invest in Serbia? Ask us!