The overall external trade in the Republic of Serbia for the period January - May 2020 amounted to:
- USD 16836.2 million - which was a decrease of 10.8% compared to the same period 2019;
- EUR 15348.7 million - which was a decrease of 8.1% compared to the same period 2019.
The value of exports amounted to USD 7046.3 million, which was 12.1% decrease when compared to the same period last year, while the value of imports amounted to USD 9789.9 million, which was 9.9% decrease relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 6421.0 million, which was the decrease of 9.5%, compared to the same period last year. The value of imports amounted to EUR 8927.7million, which was 7.1% decrease when compared to the same period last year.
The deficit amounted to USD 2743.6 million, which was a decrease of 3.6% in relation to the same period last year. The deficit expressed in Euros amounted to 2506.7 million, which was a decrease of 0.5% compared to the same period last year.
The export - import ratio equalled 72.0% and was lower if compared to the same period last year when it was 73.8%.
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 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 786.5 million, resulting mainly from the exports of agricultural products (cereals and produces thereof), oil and oil derivatives, electrical machines and apparatus, road vehicles and metal products. Our exports in the referent period amounted to USD 1133.6 million, while the imports were USD 347.1 million. The export– import ratio equalled 326.6 %. Expressed in EUR, exports amounted to 1033.9 and imports to 317.1 million (surplus amounted to EUR 716.8 million and export – import ratio equalled 326.0%).
Press release