Expressed in euros, Serbia’s total foreign trade in goods in the period January-April 2023 was 27.55 billion euros, which is an increase of 1.2 percent compared to the same period of the previous year.
The member countries of the European Union accounted for 60 percent of the total exchange. According to RZS data, in the period January-May 2023, goods worth 13.04 billion dollars were exported, which is an increase of 8.3 percent compared to the same period of the previous year, while imports were 16.7 billion dollars, which is 6.9 percent less than in the same period of the previous year. The export of goods, expressed in euros, in the first five months had a value of 12.08 million, which is a growth of 10.5 percent compared to the same period of the previous year, while the import of goods had a value of 15.46 billion euros or for five percent less than in the same period last year.
The deficit expressed in dollars amounts to 3.6 billion, which is a decrease of 37.9 percent compared to the same period of the previous year, while expressed in euros, it amounts to 3,387.7 million, which is a decrease of 36.7 percent compared to the same period. Period of the previous year. The coverage of imports by exports is 78.1 percent and is higher than the coverage in the same period of the previous year, when it was 67.1 percent.
Observed regionally, the largest share in Serbia’s exports was held by the Region of Vojvodina (32.6 percent), followed by the Belgrade Region (24.5 percent), the Region of Šumadija and Western Serbia (20.6 percent), the Region of Southern and Eastern Serbia (19.2 percent), and about 3.2 percent of exports are unclassified by territory.
The largest share in Serbia’s imports was the Belgrade region (42 percent), followed by the Vojvodina region (34.5 percent), the Šumadija and Western Serbia region (12.8 percent), the Southern and Eastern Serbia region (8.4 percent), and around 2.3 percent of imports were not classified by territory.
In the structure of exports by product purpose, reproduction products are the most represented, 63.1 percent (8,234 million dollars), followed by consumer goods, 25.1 percent (3,275.6) and equipment, 11.7 percent (1,532.2). .
In the structure of imports by product purpose, reproduction products are the most represented, 57.9 percent ($9,665.6 million), followed by consumer goods, 18.9 percent (3,163.1), and equipment, 11.1 percent ( 1851,5).
Foreign trade in goods was the largest with countries with which Serbia has signed free trade agreements.
According to RZS data, the foreign trade exchange was the largest with countries with which Serbia has signed free trade agreements. The main foreign trade partners individually in both import and export was Germany, and the export was about 1.92 billion dollars, while the import was 2.14 billion.
In export, Bosnia and Herzegovina was in second place, followed by Italy, Hungary and Romania, while in import, the main partner after Germany was China, Italy, Russia and Turkey.
For the month of May, in the list of the top five products in exports, the first place is occupied by the export of sets of conductors for airplanes, vehicles and ships ($157 million), the second place belongs to the export of electricity ($102 million), and the third place is the export of copper ore and concentrate, with 85 million. Next is the export of new outer tires for cars, with 58 million dollars, and the last place belongs to the export of hot-rolled iron and steel products (coils), with 57 million.
The list of the top five products In imports shows that crude oil ($151 million) is our first import product, the second most important is the import of natural gas ($104 million), and the third place on the list is the import of drugs for retail sale ($99 million). .
Montenegro is the best for us
Observed individually by country, the largest trade surplus was achieved with neighboring countries: Montenegro (electricity and medicines for retail sale are exported, and electricity and dried meat are the most imported), Bosnia and Herzegovina (electricity and gas are mostly exported oil, and imported electricity and coke and semi-coke from hard coal) and North Macedonia (export of electricity and electric conductors, and mostly imported electricity and catalysts on the carrier). Of the other countries, the surplus with Romania, Slovakia, Croatia, Sweden, Great Britain, the Czech Republic, Bulgaria, Hungary, and Moldova stands out.
The biggest deficit occurs In trade with China (due to the import of telephones for the station network and laptops). This is followed by a deficit with: Turkey, the Russian Federation, Iraq, Italy, Germany, Belgium, Austria, the Netherlands, India, Poland, Denmark, Greece, Spain, the Republic of Korea, Slovenia, Switzerland…
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