The overall external trade in the Republic of Serbia for the period January - September 2019 amounted to:
- USD 34089.8 million - which was an increase of 1.6% compared to the same period 2018;
- EUR 30323.8 million - which was an increase of 7.9% compared to the same period 2018.
The value of exports amounted to USD 14597.6 million, which was 0.7% increase when compared to the same period last year, while the value of imports amounted to USD 19492.2 million, which was 2.3% increase relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 12986.2 million, which was the increase of 7.0%, compared to the same period last year. The value of imports amounted to EUR 17337.6 million, which was 8.7% increase when compared to the same period last year.
The deficit amounted to USD 4894.6 million, which was an increase of 7.3% in relation to the same period last year. The deficit expressed in Euros amounted to 4351.4 million, which was an increase of 14.1% compared to the same period last year.
The export - import ratio equalled 74.9% and was lower if compared to the same period last year when it was 76.1%.
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 62.6% of total external trade.
Our second major partner refers to the CEFTA countries, since our gained surplus in external trade amounted to USD 1712.8 million, resulting mainly from the exports of agricultural products (cereals and produces thereof), oil and oil derivatives, electrical machines and apparatus, road vehicles and beverages. Our exports in the referent period amounted to USD 2494.9 million, while the imports were USD 782.1 million. The export– import ratio equalled 319.0 %. Expressed in EUR, exports amounted to 2220.5 and imports to 696.2 million (surplus amounted to EUR 1524.3 million and export – import ratio equalled 318.9%).