Serbia: Foreign trade deficit reduced by 24.2 percent

Published on December 31, 2013 9:55 am

Serbia’s foreign trade deficit in 11 months of 2013 amounted to USD 5.25 billion, which was a decrease of 24.2 percent in relation to the same period last year, the Statistical Office of the Republic of Serbia released on Monday.

The value of exports amounted to USD 13.39 billion, which was 30.6 percent increase when compared to the same period last year, while the value of imports amounted to USD 18.63 billion, which was 8.5 percent increase relative to the same period last year.

The export – import ratio equaled 71.9 percent and was higher if compared to the same period last year when it was 58.6 percent.

The major foreign trade partners in exports in the reference period were: Italy, Germany, Bosnia and Herzegovina, the Russian Federation and Montenegro.

The major foreign trade partners in imports in the reference period were: Italy, Germany, the Russian Federation, China, and Hungary.

The external trade in the reference period noted the highest level with the counties with which we have signed agreements on free trade. European Union member countries account for 62.6 percent of total external trade.

Our second major partner refers to the CEFTA countries, since our gained surplus in external trade amounted to USD 1.57 billion.

Source in Serbia

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