The overall external trade in the Republic of Serbia for January 2020 amounted to:
- USD 3503.9 million - which was an increase of 6.8% compared to the same period 2019;
- EUR 3153.7 million - which was an increase of 9.8% compared to the same period 2019.
The value of exports amounted to USD 1493.1 million, which was 9.3% increase when compared to the same period last year, while the value of imports amounted to USD 2010.8 million, which was 5.0% increase relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 1343.6 million, which was the increase of 12.4%, compared to the same period last year. The value of imports amounted to EUR 1810.1 million, which was 7.9% increase when compared to the same period last year.
The deficit amounted to USD 517.7 million, which was a decrease of 5.6% in relation to the same period last year. The deficit expressed in Euros amounted to 466.5 million, which was a decrease of 3.0% compared to the same period last year.
The export - import ratio equalled 74.3% and was higher if compared to the same period last year when it was 71.3%.
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 60.1% of total external trade.
Our second major partner refers to the CEFTA countries, since our gained surplus in external trade amounted to USD 148.9 million, resulting mainly from the exports of oil and oil derivatives, agricultural products (cereals and produces thereof), electrical machines and apparatus, road vehicles and footwear. Our exports in the referent period amounted to USD 199.8 million, while the imports were USD 50.9 million. The export– import ratio equalled 392.5 %. Expressed in EUR, exports amounted to 179.9 and imports to 45.8 million (surplus amounted to EUR 134.1 million and export – import ratio equalled 392.8%).