The overall external trade in the Republic of Serbia for the period January – December 2019 amounted to:
- USD 46363.6 million - which was a 2.8% increase compared to the same period of the previous year;
- EUR 41411.7 million - which was a 8.4% increase compared to the same period of the previous year.
The value of exports amounted to USD 19633.0 million, which was 2.0% increase when compared to the same period last year, while the value of imports amounted to USD 26730.6 million, which was 3.3% increase relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 17536.4 million, which was the increase of 7.7%, compared to the same period last year. The value of imports amounted to EUR 23875.3 million, which was an 8.9% increase when compared to the same period last year.
The deficit amounted to USD 7097.5 million, which was an increase of 6.8% in relation to the same period last year.
The deficit expressed in Euros amounted to 6338.9 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 2258.6 million, resulting mainly from the exports of agricultural products (cereals and produces thereof), oil and refined petroleum products, electrical machines and apparatus, road vehicles and beverages. Our exports in the referent period amounted to USD 3327.8 million, while the imports were USD 1069.2 million. The export– import ratio equalled 311.2 %. Expressed in EUR, the exports amounted to 2972.9 mill, and imports to 955.4 million (surplus was EUR 2017.5 million, and export – import ratio 311.2%).