Serbia’s foreign trade drops compared to 2019

Serbia’s foreign trade drops compared to 2019

Serbia’s foreign trade drops compared to 2019 Izvor: N1

The Republic Statistics Office (RZS) said on Friday that the country’s foreign trade in the first nine months of the year stood at 28.70 billion Euro or 5.4 percent less than in the same period of 2019.

Goods exports totaled 12.2 billion Euro or 6.1 percent less than in the same period of 2019 while imports dropped by 4.8 percent to 16.5 billion Euro. The deficit stood at 4.3 billion Euro and was 0.8 percent lower. The RZS said that 73.9 percent of imports were covered by exports which is less than in 2019 when the percentage stood at 74.9.  

The greatest level of foreign trade was with the countries that Serbia has free trade agreements with European Union member states accounting for 60.9 percent of total foreign trade. Serbia’s second most important trade partner are the CEFTA member states and a surplus of 1.5 billion Dollars.

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