The overall external trade in the Republic of Serbia for the period January - November 2020 amounted to:
- USD 41227.6 million - which was a decrease of 2.6% compared to the same period 2019;
- EUR 36300.2 million - which was a decrease of 3.9% compared to the same period 2019.
The value of exports amounted to USD 17584.5 million, which was 3.1% decrease when compared to the same period last year, while the value of imports amounted to USD 23643.1 million, which was 2.2% decrease relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 15474.7 million, which was the decrease of 4.4%, compared to the same period last year. The value of imports amounted to EUR 20825.5 million, which was 3.5% decrease when compared to the same period last year.
The deficit amounted to USD 6058.6 million, which was a slight increase of 0.2% in relation to the same period last year. The deficit expressed in Euros amounted to 5350.8 million, which was a decrease of 0.8% compared to the same period last year.
The export - import ratio equalled 74.4% and was lower if compared to the same period last year when it was 75.0%.
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 1943.4 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 2842.3 million, while the imports were USD 898.9 million. The export– import ratio equalled 316.2%. Expressed in EUR, exports amounted to 2502.1 and imports to 791.2 million (surplus amounted to EUR 1710.9 million and export – import ratio equalled 316.2%).
Press release