The overall external trade in the Republic of Serbia for the period January - June 2020 amounted to:
- USD 20426.2 million - which was a decrease of 9.9% compared to the same period 2019;
- EUR 18543.4 million - which was a decrease of 7.7% compared to the same period 2019.
The value of exports amounted to USD 8621.0 million, which was 11.1% decrease when compared to the same period last year, while the value of imports amounted to USD 11805.2 million, which was 9.1% decrease relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 7822.4 million, which was the decrease of 8.9%, compared to the same period last year. The value of imports amounted to EUR 10721.0 million, which was 6.8% decrease when compared to the same period last year.
The deficit amounted to USD 3184.2 million, which was a decrease of 3.1% in relation to the same period last year. The deficit expressed in Euros amounted to 2898.5 million, which was a decrease of 0.5% compared to the same period last year.
The export - import ratio equalled 73.0% and was lower if compared to the same period last year when it was 74.7%.
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 60.4% of total external trade.
Our second major partner refers to the CEFTA countries, since our gained surplus in external trade amounted to USD 961.3 million, resulting mainly from the exports of agricultural products (cereals and produces thereof), electrical machines and apparatus, oil and oil derivatives, road vehicles and metal products. Our exports in the referent period amounted to USD 1395.3 million, while the imports were USD 434.0 million. The export– import ratio equalled 321.5 %. Expressed in EUR, exports amounted to 1266.9 and imports to 394.5 million (surplus amounted to EUR 872.4 million and export – import ratio equalled 321.1%).