Serbia’s imports and exports to Russia and Ukraine

NEWS 04.03.2022 10:27
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Source: N1

Serbia’s main imports from Russia are oil and gas with apples, tires and women’s stockings as its main exports to that country while iron ore is the main import from Ukraine but Serbian Chamber of Commerce (PKS) figures show that it has trade deficits with both countries.

According to the PKS figures that N1 had access to, Serbia has 244 companies exporting to Ukraine and 722 importing from that country with 45 companies doing both imports and exports.

A total of 577 Serbian companies export to Russia and 1,093 import from that country with 187 companies going both ways. Last year, Serbia imports from Russia were worth 1.8 billion Dollars and its imports from Ukraine were worth 268.8 million Dollars.

PKS figures show that 162 Serbian companies export to Belarus and 310 import from that country. Last year’s imports from that country were worth 125.6 million Dollars.

Serbia has a foreign trade deficit with all three countries with imports to Serbia rising last year.

Russia

Imports from Russia rose by 15.3 percent (to stand at 1.806 billion Dollars) and exports by 9.3 percent (to stand at 996.2 million Dollars). The PKS figures show that oil accounts for 26 percent of Serbia’s imports from Russia and oil for 18 percent. It’s main exports to Russia were fresh apples (9 percent), tires (6 percent), women’s stockings (4 percent), paper and cardboard (4 percent), medicine 4 percent.

According to the Serbian Business Registers Agency (SBRA), there are 639 companies registered in Serbia which are owned by citizens of or entities registered in the Russian Federation, most registered for retail and wholesale trade and vehicle repair (301), expert, scientific, innovation and technical activities (70), processing (42) and IT and communication (40).

Ukraine

Exports to Ukraine in 2021 rose by 45 percent to stand at 181.4 million Dollars while imports rose by 61 percent to stand at 268.8 million Dollars. Serbia’s main imports from Ukraine were iron ore and concentrates (42 percent) and its main exports were mineral and chemical fertilizer (12 percent) flooring (8 percent) and tin (8 percent).

The SBRA records show that 141 companies majority owned by citizens of or entities registered in Ukraine are registered in Serbia, most registered for retail and wholesale trade and vehicle repair (81) and IT and communication (13).

Belarus

Serbia’s exports to Belarus dropped in 2021 by 4.6 percent to stand at 51 million Dollars while imports rose by 131 percent to stand at 125.6 million Dollars. Serbia’s main imports from Belarus in 2021 were inoperable aircraft (37 percent) followed by various gases (8 percent) while its main exports were vehicle tires (24 percent) and paints (6 percent).

According to the SBRA, there are 41 companies majority owned by citizens of or entities registered in Belarus, most registered for retail and wholesale trade and vehicle repair (27).