The total foreign trade of Serbia in the period January-June 2020 amounted to 18.54 billion euros and is lower by 7.7 percent compared to the same period last year, the Republic Bureau of Statistics announced.
In the first six months, goods worth 7.82 billion euros were exported, which is a drop of 8.9 percent year-on-year, and imported for 10.72 billion, or 6.8 percent less than in the same period in 2019.
The deficit amounted to 2.89 billion euros, which is 0.5 percent less compared to the same period last year, and the coverage of imports by exports was 73 percent, while in the first six months of last year it was 74.7 percent.
In the dollar amount, the total trade with the world in the first half of the year weighed 20.42 billion, which is a drop of 9.9 percent on an annual level.
Exports were worth 8.62 billion dollars, which is 11.1 percent less than in the comparable period a year earlier, and imports fell by 9.1 percent to 11.80 billion dollars.
The deficit was 3.18 billion dollars, down 3.1 percent year-on-year.
The foreign trade exchange was the largest with the countries with which Serbia has signed free trade agreements, and the member states of the European Union had a share of 60.4 percent in the total exchange.
The main individual foreign trade partner of Serbia in both exports and exports was Germany, to which we exported goods worth 997.8 million euros in the first six months, and imported 1.4 billion euros.
The second most important partner are the CEFTA countries, on whose markets Serbia placed goods worth 1.26 billion euros, and imported 394.5 million euros, which gives a surplus of 872.4 million euros. The coverage of imports by exports is 321.1 percent.
As for the monthly foreign trade statistics, goods worth 1.39 billion euros were exported in June, which is a decrease of 6.8 percent compared to the same month last year, and imported for 1.79 billion euros, or by 5.2 percent less than in June 2019, reports Tanjug.
According to seasonally adjusted data, June exports increased by 11.2 percent compared to May, while imports increased by 11.9 percent, Sputnik News reports.
