External trade deficit increased by 16.7 percent in the first five months of this year

Serbia’s total external trade in goods between January and May this year amounted to 31.2 billion euros, which is 10.9 percent more than in the same period in 2024, the Statistical Office of the Republic of Serbia (RZS) announced today.

From the beginning of the year to the end of May, goods worth 13.7 billion euros were exported, representing a 10.2 percent increase compared to the same time last year, while imports amounted to 17.4 billion euros, which is 11.5 percent higher than during the same period last year.

The deficit stood at 3.7 billion euros, marking a 16.7 percent increase compared to the same period last year, according to the Beta news agency.

The export-to-import coverage was 78.6 percent, which is lower than in the same period last year when it stood at 79.5 percent.

As stated, Serbia’s external trade in goods was highest with countries with which it has signed free trade agreements.

European Union member states accounted for 58.3 percent of total trade.

With its second most important partner, the CEFTA countries, Serbia recorded a trade surplus of slightly over one billion euros, mainly due to the export of cereals and cereal products, road vehicles, oil and petroleum products, beverages, and medical and pharmaceutical products.

According to the RZS, Serbia’s exports to CEFTA countries amounted to 1.9 billion euros, while imports stood at 895.5 million euros, resulting in an export-to-import coverage of 219.9 percent.

Source Link