The overall external trade in the Republic of Serbia for the period January - August 2020 amounted to:
- USD 27997.5 million - which was a decrease of 7.8% compared to the same period 2019;
- EUR 25080.6 million - which was a decrease of 7.0% compared to the same period 2019.
The value of exports amounted to USD 11859.4 million, which was 8.4% decrease when compared to the same period last year, while the value of imports amounted to USD 16138.1 million, which was 7.4% decrease relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 10619.0 million, which was the decrease of 7.6%, compared to the same period last year. The value of imports amounted to EUR 14461.6 million, which was 6.5% decrease when compared to the same period last year.
The deficit amounted to USD 4278.8 million, which was a decrease of 4.3% in relation to the same period last year. The deficit expressed in Euros amounted to 3842.6 million, which was a decrease of 3.2% compared to the same period last year.
The export - import ratio equalled 73.5% 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 60.6% of total external trade.
Our second major partner refers to the CEFTA countries, since our gained surplus in external trade amounted to USD 1337.6 million, resulting mainly from the exports of agricultural products (cereals and produces thereof), electrical machines and apparatus, oil and oil derivatives, road vehicles and beverages. Our exports in the referent period amounted to USD 1945.6 million, while the imports were USD 608.0 million. The export– import ratio equalled 320.0 %. Expressed in EUR, exports amounted to 1741.6 and imports to 544.5 million (surplus amounted to EUR 1197.1 million and export – import ratio equalled 319.9%).