External Trade of Serbia Increases 30.8%

The overall external trade in the Republic of Serbia for the period January- November 2022 amounted to EUR 59.27 billion, which was an increase of 30.8% compared to the same period 2021.

The value of exports amounted to EUR 24.81 billion, which was 26.4% increase, compared to the same period last year. The value of imports amounted to EUR 34.46 billion, which was 34.1% increase when compared to the same period last year, as announced on the website of the Statistical Office of the Republic of Serbia.

The deficit expressed in euros amounted to 9.64 billion, which was an increase of 58.9% compared to the same period last year.

The export-import ratio equaled 71.9% and was lower if compared to the same period last year when it was 76.4%.

The external trade in the reference period noted the highest level with the counties with which we have signed agreements on free trade. European Union member countries account for 58.8% of total external trade.

Our second major partner refers to the CEFTA countries, since our gained surplus in external trade amounted to USD 2.42 billion, resulting mainly from the exports of agricultural products (cereals and produces thereof), oil and oil derivatives, iron and steel, beverages and electrical machines and apparatus.

Republički zavod za statistiku

Statistical Office of the Republic of Serbia

CEFTA

external trade

value of export

value of imports

export import coverage ratio

export of grains

export of oil export of oil derivatives

export of iron

export of steel

export of beverages

export of electrical machines

export of devices