The overall external trade in the Republic of Serbia for the period January – December 2018 amounted to:
- USD 45122.0 million - which was a 15.9% increase compared to the same period of the previous year;
- EUR 38200.7 million - which was a 10.9% increase compared to the same period of the previous year.
The value of exports amounted to USD 19239.2 million, which was 13.2% increase when compared to the same period last year, while the value of imports amounted to USD 25882.8 million, which was 18.1% increase relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 16282.0 million, which was the increase of 8.2%, compared to the same period last year. The value of imports amounted to EUR 21918.7 million, which was a 13.0% increase when compared to the same period last year.
The deficit amounted to USD 6643.6 million, which was an increase of 34.9% in relation to the same period last year. The deficit expressed in Euros amounted to 5636.6 million, which was an increase of 29.7% compared to the same period last year.
The export - import ratio equalled 74.3% and was lower if compared to the same period last year when it was 77.5%.
The external trade in the reference period noted the highest level with the counties with which we have signed agreements on free trade. European Union member countries account for 63.2% of total external trade.
Our second major partner refers to the CEFTA countries, since our gained surplus in external trade amounted to USD 2247.8 million, resulting mainly from the exports of agricultural products (cereals and produces thereof and various sorts of drinks), oil and refined petroleum products, iron and steel and metal products. Our exports in the referent period amounted to USD 3345.1 million, while the imports were USD 1097.3 million. The export– import ratio equalled 304.8 %. Expressed in EUR, the exports amounted to 2834.0 mill, and imports to 931.1 million (surplus was EUR 1902.9 million, and export – import ratio 304.4%).
Press release