The overall external trade in the Republic of Serbia for the period January - November 2019 amounted to:
- USD 42315.2 million - which was an increase of 1.7% compared to the same period 2018;
- EUR 37765.8 million - which was an increase of 7.6% compared to the same period 2018.
The value of exports amounted to USD 18131.6 million, which was 1.6% increase when compared to the same period last year, while the value of imports amounted to USD 24183.6 million, which was 1.9% increase relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 16183.6 million, which was the increase of 7.4%, compared to the same period last year. The value of imports amounted to EUR 21582.2 million, which was 7.7% increase when compared to the same period last year.
The deficit amounted to USD 6052.1 million, which was an increase of 2.8% in relation to the same period last year. The deficit expressed in Euros amounted to 5398.6 million, which was an increase of 8.6% compared to the same period last year.
The export - import ratio equalled 75.0% and was lower if compared to the same period last year when it was 75.2%.
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 62.3% of total external trade.
Our second major partner refers to the CEFTA countries, since our gained surplus in external trade amounted to USD 2081.4 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 3051.5 million, while the imports were USD 970.1 million. The export– import ratio equalled 314.6 %. Expressed in EUR, exports amounted to 2724.2 and imports to 866.2 million (surplus amounted to EUR 1858.0 million and export – import ratio equalled 314.5%).