The total amount of external trade of the Republic of Serbia for the period January-July 2024 equalled to USD 42647.2 million (an increase by 2.6% compared to the same period last year) and EUR 39421.1 million (an increase by 2.8% compared to the same period last year).
An increase by 1.1% was demonstrated by the value of exports (USD 18497.4 million) when compared to the same period last year. A growth by 3.8% relative to the same period last year was shown by the value of imports (USD 24149.8 million).
The value of exports increased by 1.3% compared to the same period last year and reached EUR 17097.7 million. The value of imports grew up by 4.0% compared to the same period last year and attained EUR 22323.4 million.
An increase of 13.8% in relation to the same period last year was shown by the deficit (USD 5652.4 million). Expressed in Euros, the deficit increased by 14.2% compared to the same period last year and reached 5225.7 million.
A decrease by 2 % was demonstrated by the export – import ratio compared to the same period last year.
The highest level of the external trade with the counties with which Serbia has signed agreements on free trade was noted in the reference period. 59.5% of total external trade was accounted for European Union member countries.
The exports of cereals and produces thereof, beverages. road vehicles, oil and oil derivatives and electricity to the CEFTA countries brought Serbia surplus in external trade that amounted to USD 1816.6 million. Serbian exports in the referent period reached USD 2765.7 million, while the imports were USD 949.1 million, with the export– import ratio equalled to 291.4 %. Exports attained 2556.6 EUR and imports reached 877.3 million (surplus amounted to EUR 1679.3 million and export – import ratio equalled 291.4%).
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.
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