Serbia’s Foreign Trade Exchange Increased by a Third in 2022

Last year’s foreign trade goods exchange of Serbia amounted to 66.6 billion euros and was 31.1 per cent higher than in 2021, the Republic Statistical Office announced.

Exports increased by 26.3 percent and amounted to 27.6 billion euros, while imports increased by 34.8 percent and amounted to 39 billion euros.

As stated in the announcement, goods worth 29.5 million dollars were exported, which is an increase of 12.4% compared to the same period of the previous year, and goods worth 41.1 million dollars were imported, which is 20.4% more than in the same period of the previous year.

The deficit is 12 billion dollars, which is an increase of 45% compared to the same period of the previous year. Expressed in euros, the deficit amounts to 11 billion, which is an increase of 61.2% compared to the same period of the previous year.

The coverage of imports by exports is 70.6% and is less than the coverage in the same period of the previous year, when it was 75.6%.

Foreign trade in goods was the largest with the countries with which Serbia has signed free trade agreements, and the member countries of the European Union make up 58.7% of the total exchange.

Serbia’s second most important partner are the CEFTA countries, with a trade surplus of 24.7 billion dollars, which is mainly the result of exports of electricity, grain and their products, oil and oil derivatives, iron and steel, and beverages.

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