Serbia’s foreign trade drops

NEWS 30.09.2020 14:43
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Source: N1

Serbia’s foreign trade stood at 25.08 billion Euro in the first eight months of the year, or seven percent less than in the same period of 2019, the Republic Statistics Office (RZS) said on Wednesday.

Goods exports stood at 10.62 billion Euro or 7.6 percent less than in 2019 while imports stood at 14.46 billion Euro or 6.5 percent less.  

The foreign trade deficit stands at 3.84 billion Euro or 3.2 percent lower than in the same period of 2019. A total of 73.5 percent of imports were covered by exports compared to 74.3 percent last year.  

Foreign trade was highest with the countries that Serbia has signed free trade agreements with, the RZS said adding that trade with European Union member states accounted for 60.6 percent of the total.