The overall external trade in the Republic of Serbia for the period January-February 2024 amounted to:
- USD 11459.2 million - which was an increase of 1.7% compared to the same period last year;
- EUR 10550.3 million - which was an increase of 0.6% compared to the same period last year.
The value of exports amounted to USD 5064.5 million, which was 4.3% increase when compared to the same period last year, while the value of imports amounted to USD 6394.7 million, which was 0.3% decrease relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 4661.7 million, which was 3.2% increase, compared to the same period last year. The value of imports amounted to EUR 5888.6 million, which was 1.3% decrease when compared to the same period last year.
The deficit amounted to USD 1330.2 million, which was a decrease of 14.8% in relation to the same period last year. The deficit expressed in Euros amounted to 1226.9 million, which was a decrease of 15.4% compared to the same period last year.
The export - import ratio equalled 79.2% and was higher if compared to the same period last year when it was 75.7%.
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 60.8% of total external trade.
Our second major partner refers to the CEFTA countries, since our gained surplus in external trade amounted to USD 464.5 million, resulting from the exports of electricity, cereals and produces thereof, oil and oil derivatives, road vehicles and beverages. Our exports in the referent period amounted to USD 700.5 million, while the imports were USD 236.0 million. The export– import ratio equalled 296.8 %. Expressed in EUR, exports amounted to 645.2 and imports to 217.4 million (surplus amounted to EUR 427.8 million and export – import ratio equalled 296.8%).
Press release