Serbia’s foreign trade at 40 billion Euro in 2020

NEWS 29.01.2021 19:43
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Source: N1

The Republic Statistics Office (RZS) said on Friday that Serbia’s foreign trade stood at 40 billion Euro in 2020 and was 3.4 percent lower than in 2019.

Exports totaled 17.05 billion Euro or 2.8 percent lower than a year earlier while imports totaled 22.95 billion Euro and were 3.8 percent lower. The foreign trade deficit was 5.9 billion Euro or 6.8 percent lower than in 2019.

The RZS said that 74.3 percent of imports were covered by exports compared to 2019 when it stood at 73.4 percent.
European Union member states accounted for 61.4 percent of Serbia’s foreign trade. The country had a surplus of 2.1 billion Dollars in trade with CEFTA member states.