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Home/News/Foreign trade from Serbia in the first ten months of this year is about 35 billion euros

Foreign trade from Serbia in the first ten months of this year is about 35 billion euros

Serbia’s foreign trade in goods amounted to 34.09 billion euros in the first ten months of this year, which is 7.5 percent more than in the same period last year, with exports growing 7.3 percent and imports 7.8 percent, announced the Republican Bureau of Statistics.

Goods worth 14.60 billion euros were exported and 19.48 billion euros were imported, thus the deficit amounted to 4.88 billion euros and was increased by 9.2%.

The coverage of imports by exports is 74.9 percent and is lower than in the same period of 2018, when it amounted to 75.3 percent.

Foreign trade in goods was the largest with the countries with which Serbia has signed free trade agreements. In the total exchange, the EU Member States have a share of 62.5 percent.

The main single foreign trade partner was Germany, where exports amounted to 1.86 billion euros, and goods worth 2.52 billion euros were imported from that market.

The value of exports from Serbia to CEFTA countries in the first ten months of this year was 2.48 billion euros, while imports amounted to 784.8 million euros, and the surplus amounted to 1.7 billion euros. The export-import ratio was 316.7 percent, writes Danas.