Source: Tanjug | Wednesday, 19.02.2020.| 09:57
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Economy of Sumadija District realizes highest foreign trade surplus in Serbia in 2019

Kragujevac (Photo: YouTube/screenshot)
The economy of the Sumadija District realized a foreign trade of more than EUR 2.071 billion and a surplus of EUR 372 million last year, which is the largest foreign trade surplus of any region in Serbia in 2019, stated the director of the Regional Chamber of Commerce for Sumadija and Pomoravlje, Predrag Lucic.

Lucic told Tanjug that a further increase of the foreign trade surplus was expected in 2020, as the result, as he said, “of the completion of the MIND Industrial Park and the beginning of the production at the Siemens facilities and a further inflow of foreign direct investments in this part of Serbia”.

– The export amounted to EUR 1.221 billion, and the main exporting products were passenger cars, conductor and wiring sets, plastic hoses and pipes, furniture and components, rail vehicles, equipment and components, tools and motor vehicles – Lucic said.

The export of conductor and wiring sets increased over three times, the export of rail components increased by 45.3%, and a large growth was also realized in the export of alcoholic drinks, fruit and vegetable juices, milk and dairy, Lucic specified.

The economy of the Sumadija District, consisting of the City of Kragujevac and six municipalities, exported to 113 countries of the world last year.

– Most exports went to the market of Italy, as much as 34.3% of the total exports, followed by Slovakia, Czech Republic, Germany, Poland, B&H, Romania, Montenegro, Slovenia, Austria, Russia, North Macedonia, Hungary, France, Croatia, USA and Bulgaria – Lucic said.

The region's biggest foreign trade surplus, Lucic emphasized, was realized in the trade with Italy, Slovakia, Czech Republic, B&H, Montenegro, Germany and Russia.

Lucic added that most imports had come from Italy, South Korea, Poland, Germany, China, Turkey, Romania, Hungary, Czech Republic, Slovenia, France, Austria, Bulgaria, Croatia and Slovakia.
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