Serbia’s total foreign trade in goods in the period January-September was 48.7 billion euros, which is 1.3 percent less compared to the same period of the previous year, the Republic Institute of Statistics announced.
When it comes to exports, the main foreign trade partners individually were Germany, Bosnia and Herzegovina, Italy, Hungary and Romania, and when it comes to imports, Germany, China, Italy, Russia and Turkey. Imports of goods had a value of 21.5 billion euros, which represents a growth of 5.6 percent compared to the same period of the previous year.
Imports of goods had a value of 27.2 billion, which represents a decrease of 6.1 percent compared to the same period last year. Expressed in euros, the deficit amounts to 5.69 billion, which is a decrease of 33.9 percent compared to the same period of the previous year. The coverage of imports by exports is 79 percent and is higher than the coverage in the same period of the previous year, when it was 70.1 percent.
Observed individually by country, the largest surplus in exchange was achieved with neighboring countries: Montenegro (electricity and medicines for retail sale are exported, and electricity and dried meat are mostly imported), Bosnia and Herzegovina (gas oils and electrical energy are mostly exported energy, and imports of electricity and coke and semi-coke from hard coal) and North Macedonia (export of electricity and electrical conductors, and imports of mostly electricity and catalysts on the carrier).
Of the other countries, the surplus with Romania, Slovakia, Croatia, Sweden, the Czech Republic, Bulgaria, Great Britain, Hungary, and Moldova stands out.
We sell cables and electricity the best
In the list of the top five products in exports, the first place is occupied by the export of cables, that is, as it is professionally said, sets of conductors for aircraft, vehicles and ships ($161 million), the second place belongs to the export of electricity ($86 million), on the third in the first place is the export of copper ore and concentrate, with 77 million dollars, followed by the export of refined copper, with 65 million dollars, and the last place belongs to the export of parts and accessories for motor vehicles, with 52 million dollars.
The list of the top five products in imports shows that crude oil ($197 million) is our first import product, second in importance is the import of medicines for retail sale ($92 million), in third place on the list is the import of natural gas ($52 million), followed by import of electricity ($50 million), and the last place is occupied by the import of other electrical conductors, for voltage ≤1000V with $39 million.