Serbia’s trade relations – exports stats

Serbia’s largest foreign trade partner is Germany.
Serbia’s exports jumped by 16.6 percent to 1.57 billion euros in December last year, compared to the same month in 2019, while imports fell by 7.0 percent and amounted to 2.13 billion euros, the Republic Institute announced today.
According to seasonally adjusted data, December exports increased by 2.3 percent compared to the previous month, while imports fell by 11.2 percent.
In the period January-December 2020, the total foreign trade of Serbia amounted to 40 billion euros, which is a decrease of 3.4 percent compared to the same period last year.
Goods worth 17.05 billion euros were exported, or 2.8 percent less than in the comparable period of 2019, and imported in the amount of 22.95 billion euros, which is a decrease of 3.8 percent.
The foreign trade deficit fell 6.8 percent year-on-year.
The foreign trade deficit fell 6.8 percent year-on-year to 5.90 billion euros, while the coverage of imports by exports increased to 74.3 percent from 73.4 percent a year earlier.
Expressed in dollars, the total trade with the world in the period January-December 2020 amounted to 45.73 billion, and was lower by 1.4 percent. Exports slipped 0.7 percent to 19.49 billion dollars, while imports sank 1.9 percent to 26.23 billion dollars.
The deficit is 6.73 billion dollars, down 5.1 percent from a year earlier.
The largest share in Serbia’s exports was in the Region of Vojvodina (35.7%) and in imports in the Belgrade region (48.2%).
Germany’s largest export partner
Foreign trade was the largest with countries with which Serbia has signed free trade agreements. EU member states had a share of 61.4 percent in the total trade of Serbia with the world.
Our largest single foreign trade partner was Germany, to which we sold goods worth about 2.2 billion euros, and bought products from it for 3.1 billion.
In CEFTA countries, which are our second most important trading partner, we recorded a trade surplus of 1.84 billion euros. Exports amounted to 2.71 billion euros, and imports to 875 million. The coverage of imports by exports is 310.8 percent, Srbija Danas reports.