The state statistical office said that the majority of Serbia’s exports was made up by grain and grain-based products, beverages, iron and steel, while import was dominated by electricity, iron and steel, stone coal and non-ferrous metals, fruits and vegetables.
Serbia exported USD 2.69 billion and exported USD 1.41 billion during this period, making for an export-import coverage ratio of 191.4 percent.
In 2010, Serbia saw a USD 1.36 billion surplus in trade with CEFTA countries, also mostly as a result of exporting agricultural products.
The CEFTA region is one of the few markets with which Serbia has a consistent surplus i.e. to which it exports more than it imports. It is the second most important export market for Serbia, after the EU.
The CEFTA is a free trade agreement between Serbia, Montenegro, Bosnia-Herzegovina, Croatia, Macedonia, Albania, Moldova and UNMIK- on behalf of Kosovo.
At the same time, Serbia’s overall trade deficit went up 16.3 percent to USD 6.57 billion, in the first ten months of this year compared to the same period last year.
Serbia’s foreign trade totaled USD 26.25 billion between January and October, which is a 22.9 growth from the same period last year.
Serbia exported USD 9.84 billion (a 25.3 percent increase) and exported USD 16.41 billion (a 21.5 percent increase).
The export-import coverage ratio in this period was 60 percent, a bump from last year’s 58.1 percent.
