Serbia recorded a growth in foreign trade exchange of 30 percent

Published on 29. December 2022., News

Serbia’s total foreign trade in goods from January to November this year amounted to 59.27 billion euros, which is 30.8 percent more than in the same period in 2021.

The Republic Statistical Office (RSZ) announced that in 11 months, goods worth 24.81 billion euros were exported, which is 26.4 percent more than in the same period of the previous year, while the import of goods had a value of 34.46 billion euros and was 34.1 percent higher than at the same time last year.

The deficit amounted to 9.64 billion euros, which was 58.9 percent more than in the same period in 2021.

The coverage of imports by exports was 71.9 percent and was less than the coverage in the same period of the previous year, when it was 76.4 percent.

Foreign trade in goods was the largest with countries with which Serbia has free trade agreements. European Union member countries account for 58.8 percent of total trade.

The second most important foreign trade partner of Serbia is the CEFTA countries, to which products worth 3.83 billion euros were exported, and products imported for 1.53 billion euros.

According to these data, the realized surplus amounted to 2.29 billion euros, and the coverage of imports by exports to that group of countries was 250.2 percent, Biznis reports.

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