The overall external trade in the Republic of Serbia for the period January - March 2020 amounted to:
- USD 11258.8 million - which was an increase of 2.6% compared to the same period 2019;
- EUR 10218.6 million - which was an increase of 5.8% compared to the same period 2019.
The value of exports amounted to USD 4664.1 million, which was 0.1% increase when compared to the same period last year, while the value of imports amounted to USD 6594.7 million, which was 4.4% increase relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 4230.1 million, which was the increase of 3.1%, compared to the same period last year. The value of imports amounted to EUR 5988.5 million, which was 7.7% increase when compared to the same period last year.
The deficit amounted to USD 1930.5 million, which was an increase of 16.6% in relation to the same period last year. The deficit expressed in Euros amounted to 1758.3 million, which was an increase of 20.6% compared to the same period last year.
The export - import ratio equalled 70.7% and was lower if compared to the same period last year when it was 73.8%.
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 60.5% of total external trade.
Our second major partner refers to the CEFTA countries, since our gained surplus in external trade amounted to USD 506.0 million, resulting mainly from the exports of agricultural products (cereals and produces thereof), electrical machines and apparatus, oil and oil derivatives, road vehicles and beverages. Our exports in the referent period amounted to USD 710.8 million, while the imports were USD 204.8 million. The export– import ratio equalled 347.1 %. Expressed in EUR, exports amounted to 645.1 and imports to 186.2 million (surplus amounted to EUR 458.9 million and export – import ratio equalled 346.5%).
Press release