The overall external trade in the Republic of Serbia for the period January – June 2011 amounted to:
– USD 15465,0 million – which was a 26.3% increase compared to the same period 2009;
– EUR 11009, 0 million – which was a 19.1% increase compared to the same period 2009.
The value of exports amounted to USD 5784.5 million, which was a 30.7% increase when compared to the same period last year, while the value of imports amounted to USD 9680.5 million, which was a 23.7% increase relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 4117.1 million, which was the increase of 23.1%, compared to the same period last year. The value of imports amounted to EUR 6891.9 million, which was a 16.8% increase when compared to the same period last year.
The deficit amounted to USD 3895.9 million, which was an increase of 14.7% in relation to the same period last year. The deficit expressed in Euros amounted to 2774.8 million, which was an increase of 8.6% compared to the same period last year.
The export – import ratio equaled 59.8% and was higher if compared to the same period last year when it was 56.6%.
Since January this year, the Office also presents external trade of Serbia by Regions. The largest share in export of Serbia was noted in the Region of Vojvodina (36.5%), followed by Region of Belgrade (22.4%), Region of Southern and Eastern Serbia (21.0%), Region of Sumadija and Western Serbia (19.9%), and approximately 0.2% of total exports is not classified by territories.
The greatest share in import of Serbia was noted in Belgrade Region (45.4%), followed by Region of Vojvodina (30.6%), Region of Sumadija and Western Serbia (12.1%), Region of Southern and Eastern Serbia (10.9%), and approximately 1% of total imports is not classified by territories. Data on Kosovo and Metohia are not available.
Export and import by regions is presented according to the headquarters of goods owners at the moment of customs declaration delivery. It means that owners of goods, according to customs law, may be producers, users, exporters or importers of goods. This fact is to be noted while observing the data by regions. For example, imports of oil and gas mostly refer to the region of Vojvodina and Belgrade and the mentioned are the energy commodities for the whole territory of Serbia.
Regarding the structure of exports according to products’ destination (the principle of prevalence), the most notable were: reproduction products 69.4% (USD 4016.6 million), then consumer goods 23.2% (USD 1340.8 million) and equipment 7.4% (USD 426.3 million).
Regarding the structure of imports according to products’ destination, the most notable were: reproduction products 57.2% (USD 5534.2 million), then consumer goods 15.3% (USD 1481.2 million) and equipment 11.4% (USD 1101.7 million). Unclassified goods according to destination amounted to 16.2% (USD 1563.4 million).
The major foreign trade partners in exports in the reference period were: Italy (USD 701.5 million), Germany (USD 646.0 million) and Bosnia and Herzegovina (USD 552.3 million).
The major foreign trade partners in imports in the reference period were: the Russian Federation (USD 1273.6 million), Germany (USD 1034.6 million) and Italy (USD 783.6 million).
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 more than 50% of the total external trade.
Our second major partner refers to the CEFTA countries, since our gained surplus in external trade amounted to USD 687.9 million, resulting mainly from the exports of agricultural products (cereals and produces thereof and various sorts of drinks), as well as exports of iron and steel. Regarding imports, items mainly related to electricity, iron and steel, hard coal and non-ferrous metals, as well as fruit and vegetables. Our exports in the referent period amounted to USD 1508.0 million, while the imports were USD 820.1 million. The export– import ratio equaled 183.9 %.
Observed by countries, the greatest surplus was gained in the external trade with Montenegro, Bosnia and Herzegovina, Macedonia and Albania. The greatest deficit marked the trade with the Russian Federation, which was due to the imports of energy commodities, mainly oil and gas, followed by trade with China, Germany and Hungary.
According to the divisions of the Standard International Trade Classification (SITC) the following items had the greatest exports share: iron and steel (USD 594 million), non-ferrous metals (USD 481 million), cereals and produces thereof (USD 378 million), electrical machines and apparatus (USD 363 million) and fruit and vegetables (USD 258 million). These five sections accounted for 35.9% of the overall exports.
The first five divisions with the greatest imports share were the following: oil and oil derivatives (USD 889 million), natural gas (USD 641 million), non-ferrous metals (USD 398 million), industrial machines for general use (USD 384 million) and road vehicles (USD 375 million) and these accounted for 27.8% of the overall imports. Section of unclassified goods, now also involving customs storage goods, has high share in total imports (16.2%).
Exports in June 2011 amounted to USD 1100.3 million, which was a 31.7% increase when compared to the same month last year, while the value of imports amounted to USD 1650.6 million, which was a 17.4% increase relative to the same month last year.
Expressed in Euros, the value of exports amounted to EUR 767.7 million, which was an increase of 12.6%, compared to the same month last year. The value of imports amounted to EUR 1151.0 million, which was 0.2% increase when compared to the same month last year.
The seasonally adjusted index June 2011/ May 2011 shows that exports increase by 11.4% and imports decrease by 4.6%, calculated/ expressed in USD. Seasonally adjusted index June 2011/ May 2011, expressed in EUR, shows that exports increase by 8.9% and imports decrease by 8.1%.
According to the Nomenclature of the External Trade Statistics (NETS), June list is as follows:
On the list of the first 10 products in exports, the first item refers to maize (USD 63 million), followed by hot rolled products (iron and non-alloyed steel in coils), with the value of USD 31 million; electricity (USD 26 million) is on the third place, followed by new tyres for passengers’ cars (USD 20 million); export of plates, sheets and strips of copper refined was USD 19 million, as well as export of alluminium containers; export of rolled products (iron and non-alloyed steel), plated with tin was USD 16 million; the last three positions refer to export of ignition wiring sets for planes, vehicles and ships, export of retail trade medicaments and export of tubes and pipes of copper refined, each with the value of USD 15 million.
June list of the first 10 imported products shows that crude oil (USD 69 million) was our first imported product; natural gas, with the value of USD 38 million was on the second place, followed by other light oils and products (USD 31 million). Copper refined was imported for the value of USD 27 million. Import of gaseous oils amounted to USD 22 million and coke and semi-coke of hard coal were imported for the value of USD 19 million. Import of iron ores, agglomerated was USD 18 million. Retail trade medicaments were imported for the value of USD 17 million and the same was the imported value of phones for network stations. The last items on the list were other machines, equipment and devices, imported for USD 16 million.
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