Serbia’s foreign trade deficit widened by 115% on the year in the first three months of 2022, reaching $3.058 billion (2.892 billion euro), the country’s statistical office said on Friday.
The country’s exports increased by 20% year-on-year to $6.986 billion in the January-March period, while imports went up by 38% to $10.044 billion, the statistical office said in a statement.
The export-import ratio declined to 69.6% from 80.4% in the first three months of 2021.
In March, Serbia’s exports increased by 19% on the year to $2.697 billion, while imports added 32% to $3.781 billion, resulting in a $1.084 billion deficit.
(1 euro = $1.0573)