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The Government of the Republic of Serbia

In the service of citizens

Serbia’s foreign trade volume up 22.7 percent in January

Belgrade, 23 April 2004

Serbia's foreign trade volume in January 2004 rose 22.7 percent year-on-year, to $762.3 million, the Serbian Statistics Bureau said in a statement.

The country's foreign trade deficit reached $410.3 million, up 47.2 percent year-on-year. Exports increased by 2.8 percent against January 2003, to $176 million, with imports climbing 30.3 percent, to $586.3 million.

Intermediate goods accounted for the bulk of exports, $115.9 million, followed by consumer goods, $49.5 million, and equipment, $10.6 million.

Imports were dominated by intermediate goods, $308.5 million, followed by consumer goods, $158.1 million, and equipment, $119.7 million.

Italy absorbed the majority of Serbia's exports, $30 million. Bosnia-Herzegovina came in second with $26 million, followed by Germany, $22 million.

The bulk of Serbia's imports, $81 million, came from Russia. Germany exported $73 million worth of goods to Serbia, while Italy came in third with exports of $52 million.

Steel and iron accounted for $18 million of total exports in January, fruit and vegetables for $15 million, rubber products, $11 million, clothes, $9 million and ferrous metals, $9 million. The five sectors made up 35.2 percent of Serbia's overall exports in January.

Road vehicles made up $45 million of all imports, followed by oil and oil products which accounted for $44 million, office machines, $39 million, industrial machinery, $28 million, and electrical machines and appliances, $26 million. The five sectors accounted for 31 percent of total imports in the same month.