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January-May foreign trade grows 8.9 percent year-on-year
Belgrade,
4 July 2005
The Serbian Statistics Office said today that Serbia’s total foreign trade in goods between January and May 2005 was $5.49 billion, an 8.9 percent increase from a year earlier.
Expressed in euros, the January-May trade grew three percent year-on-year to €4.23 billion, according to the statement.
Exports jumped 52 percent from a year ago to a total of $1.75 billion, while imports edged down by 3.9 percent to $3.74 billion.
Expressed in euros, the January-May exports rose 43.5 percent to €1.35 billion, while imports declined 9.1 percent to €2.88 billion against a year earlier.
The trade gap in January-May narrowed by 27.5 percent against a year earlier to $1.98 billion. Expressed in euros, the deficit narrowed 31.4 percent year-on-year to €1.53 billion.
The most exported products were intermediate goods at $1.19 billion or 67.9 percent of total trade, followed by consumer goods at $478.5 million or 27.2 percent of total trade, and equipment at $85.5 million or 4.9 percent of overall trade.
The most imported products were intermediate goods at $2.38 billion or 63.8 percent of total trade, followed by consumer goods at $833.1 million or 22.3 percent of total trade, and equipment at $519.7 million or 13.9 percent of overall trade.
The biggest importers of Serbian goods in January-May 2005 were Italy ($267.8 million); Bosnia-Herzegovina ($259.9 million); and Germany ($190.3 million).
The major exporters to Serbia were Russia ($662.8 million); Germany ($380.1 million); and Italy ($331.5 million).
According to the statement, the trade with Italy in the first five months of 2005 was more balanced than in 2004, while the biggest trade surplus, of $155 million, was recorded in commerce with Bosnia-Herzegovina.
In trade with Russia, on the other hand, the deficit remained wide due to substantial imports of crude oil and natural gas.
Exports jumped 52 percent from a year ago to a total of $1.75 billion, while imports edged down by 3.9 percent to $3.74 billion.
Expressed in euros, the January-May exports rose 43.5 percent to €1.35 billion, while imports declined 9.1 percent to €2.88 billion against a year earlier.
The trade gap in January-May narrowed by 27.5 percent against a year earlier to $1.98 billion. Expressed in euros, the deficit narrowed 31.4 percent year-on-year to €1.53 billion.
The most exported products were intermediate goods at $1.19 billion or 67.9 percent of total trade, followed by consumer goods at $478.5 million or 27.2 percent of total trade, and equipment at $85.5 million or 4.9 percent of overall trade.
The most imported products were intermediate goods at $2.38 billion or 63.8 percent of total trade, followed by consumer goods at $833.1 million or 22.3 percent of total trade, and equipment at $519.7 million or 13.9 percent of overall trade.
The biggest importers of Serbian goods in January-May 2005 were Italy ($267.8 million); Bosnia-Herzegovina ($259.9 million); and Germany ($190.3 million).
The major exporters to Serbia were Russia ($662.8 million); Germany ($380.1 million); and Italy ($331.5 million).
According to the statement, the trade with Italy in the first five months of 2005 was more balanced than in 2004, while the biggest trade surplus, of $155 million, was recorded in commerce with Bosnia-Herzegovina.
In trade with Russia, on the other hand, the deficit remained wide due to substantial imports of crude oil and natural gas.
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