As the Statistical Office of the Republic of Serbia (SORS) reports, the value of goods that Serbia exported in the first nine months of this year was 8.9 per cent higher than in the same period last year. Meanwhile, the value of imports grew by 8.2 per cent.
A 9.6 per cent increase influenced export movements most strongly in the manufacturing industry, (87.8% of total exports), mining, (5.6%). Totally, the cumulative growth reached 9.4 per cent.
However, the volume of the largest external trade deficit with China in the first nine months of this year amounted to 3.2 billion euros. The trade deficit with Turkey, attained 747 million euros.
Serbia mainly imported unclassified products, unspecified machinery and equipment, as well as computers and electronic and optical products from China.
The reason of the negative external trade balance with Turkey was high value of imports of basic metals as well as electrical equipment.
According to Tanjug news agency, Germany, Bosnia and Herzegovina, Italy, China and Hungary are countries Serbia exports the most to. China, Germany, Italy, Turkey and Hungary are main importers.
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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