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Serbia’s foreign trade increased by 30.8%

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The total foreign trade in goods of Serbia for the period January-November 2022 is EUR 59.27 billion and represents an increase of 30.8% compared to the same period of the previous year

Goods worth EUR 24.81 billion were exported, which represents a growth of 26.4% compared to the same period of the previous year. Imports of goods had a value of EUR 34.46 billion, which represents an increase of 34.1% compared to the same period last year, the Republic Institute of Statistics announced.

Expressed in euros, the deficit amounts to EUR 9.64 billion, which is an increase of 58.9% compared to the same period of the previous year.

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

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

Our second most important partner is the CEFTA countries, with which we have an exchange surplus of USD 2.42 billion, which is the result of mainly exports of: agricultural products (cereals and their products), oil and oil derivatives, iron and steel, beverages and electrical machines and apparatus, Kamatica reports.

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