The overall external trade in the Republic of Serbia for the period January - February 2020 amounted to:
- USD 7372.8 million - which was an increase of 7.2% compared to the same period 2019;
- EUR 6700.6 million - which was an increase of 10.8% compared to the same period 2019.
The value of exports amounted to USD 3126.0 million, which was 7.8% increase when compared to the same period last year, while the value of imports amounted to USD 4246.8 million, which was 6.7% increase relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 2839.9 million, which was the increase of 11.5%, compared to the same period last year. The value of imports amounted to EUR 3860.7 million, which was 10.3% increase when compared to the same period last year.
The deficit amounted to USD 1120.9 million, which was an increase of 3.5% in relation to the same period last year. The deficit expressed in Euros amounted to 1020.9 million, which was an increase of 7.2% compared to the same period last year.
The export - import ratio equalled 73.6% and was higher if compared to the same period last year when it was 72.8%.
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 61.5% of total external trade.
Our second major partner refers to the CEFTA countries, since our gained surplus in external trade amounted to USD 326.8 million, resulting mainly from the exports of agricultural products (cereals and produces thereof), oil and oil derivatives, electrical machines and apparatus, road vehicles and footwear. Our exports in the referent period amounted to USD 453.4 million, while the imports were USD 126.6 million. The export– import ratio equalled 358.1 %. Expressed in EUR, exports amounted to 412.3 and imports to 115.2 million (surplus amounted to EUR 297.1 million and export – import ratio equalled 357.9%).
Press release