The overall external trade in the Republic of Serbia for the period January - December 2019 amounted to:
- USD 46360.1 million - which was an increase of 2.7% compared to the same period 2018;
- EUR 41408.5 million - which was an increase of 8.4% compared to the same period 2018.
The value of exports amounted to USD 19629.8 million, which was 2.0% increase when compared to the same period last year, while the value of imports amounted to USD 26730.3 million, which was 3.3% increase relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 17533.4 million, which was the increase of 7.7%, compared to the same period last year. The value of imports amounted to EUR 23875.1 million, which was 8.9% increase when compared to the same period last year.
The deficit amounted to USD 7100.5 million, which was an increase of 6.9% in relation to the same period last year. The deficit expressed in Euros amounted to 6341.6 million, which was an increase of 12.5% compared to the same period last year.
The export - import ratio equalled 73.4% and was lower if compared to the same period last year when it was 74.3%.
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 61.8% of total external trade.
Our second major partner refers to the CEFTA countries, since our gained surplus in external trade amounted to USD 2256.2 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 3325.3 million, while the imports were USD 1069.1 million. The export– import ratio equalled 311.0 %. Expressed in EUR, exports amounted to 2970.7 and imports to 955.4 million (surplus amounted to EUR 2015.3 million and export – import ratio equalled 310.9%).