Source: Beta | Monday, 03.12.2018.| 10:26
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Export from Serbia higher by 8.3%, import grows by 13.7%

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The foreign trade of Serbia in the first ten months of the current year amounted to around EUR 31.7 billion, an increase by 11.3% compared to the same period last year, with the exports higher by 8.3% and the imports higher by 13.7%, the Statistical Office of the Republic of Serbia announced on Friday, November 30, 2018.

The value of exports amounted to EUR 13.6 billion and the value of imports amounted to EUR 18.1 billion.

Expressed in dollars, the overall external trade in the Republic of Serbia for the period January - October 2018 amounted to USD 37.7 billion, an increase of 18.3% compared to the same period in 2017. The value of exports amounted to USD 16.2 billion, which was a 15.1% increase when compared to the same period last year, while the value of imports amounted to USD 21.5 billion, which was a 20.8% increase relative to the same period last year.

The deficit expressed in euros increased by 33.9%, whereas the deficit expressed in dollars increased by 42.2%.

The export - import ratio equaled 75.3% and was lower if compared to the same period last year when it was 79%.

The external trade in the reference period noted the highest level with the counties with which Serbia has signed agreements on free trade. European Union member countries account for 63.6% of total external trade.

Serbia's main foreign trade partners were Italy, Germany, B&H, Romania and Russia, when it comes to exports, and Germany, Italy, China, Russia and Hungary, when it comes to imports.

Serbia's second major partner are the CEFTA countries, with the gained surplus in external trade amounting to USD 1.9 billion.
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