38.3% growth of Serbia’s foreign trade exchange in the first half of 2022

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Serbia’s foreign trade in goods in the first half of this year amounted to around EUR 32 billion, 38.3% more when compared to the same period in 2021, the Statistical Office of the Republic of Serbia announced today.

Goods have been exported in the value of EUR 13 billion, which marks a growth of 30.5%, whereas imports were worth EUR 18.9 billion and have increased by 44.2%.

The deficit amounted to around 5.8 billion EUR 54.7 million, which is an increase of 89.9% when compared to the corresponding period of the previous year.

The coverage of imports by exports was 69.5%, which is less than the coverage in the same period of the previous year, when it was 76.9%.

Foreign trade in goods was the largest with countries with which Serbia has signed free trade agreements.

European Union member countries account for 58.8% of total trade.

Serbia’s main foreign trade partners in exports have been Germany, Italy, Bosnia-Herzegovina, Hungary and China, and in imports China, Germany, Russia, Hungary and Italy.

Serbia’s second major partner are the CEFTA countries, since gained surplus in external trade amounted to EUR 1,3 billion, resulting mainly from the exports of oil and oil derivatives, agricultural products (cereals and produces thereof), iron and steel, electrical machines and apparatus and beverages.

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