Q:
A:
Foreign trade grows over 20% in January-May 2006
Belgrade,
30 June 2006
The Serbian Statistics Office said that total foreign trade of Serbia from this January until May amounted to $6.68 billion, rising 21.3% from the previous year.
Expressed in euros, the volume of foreign trade stood at €5.48 billion, marking an increase of 29% against the same period in 2005.
Exports totalled $2.014 billion, surging 16.8% from a year earlier, while imports rose 23.4% to $4.67 billion.
Expressed in euros, exports increased to €1.65 billion, or 24.2%, while imports went up 31.1% to €5.894 billion against the same period in 2005.
The exchange of goods with Montenegro in the January-May period amounted to €207.4 million, with exports in the amount of €161.9 million and imports €45.5 million. If trade with Montenegro is included in Serbia’s foreign operations, then Serbia’s total foreign exchange would climb to €5.67 billion.
The increase in imports in the first five months of the current year was due to energy resources imports. Imports of gas, oil, electricity, coke, butane and diesel amounted to $862 million, which makes 18.5% of total imports.
The trade deficit in the January to May period was $2.65 billion, a 29.9% increase from the same period a year earlier. Expressed in euros, the deficit amounted to €2.17 billion, or 36.9%.
Exports-to-imports ratio was 43.2%, down from 45.6% from a year earlier. Expressed in euros the ratio is 43.1%, down from last year’s 45.5%.
The most exported items were intermediate goods, accounting for 69.4% (nearly $1.4 billion) of overall exports, followed by consumer goods, which made up 25.6% ($515 million) and equipment, making up 5% ($100.6 million) of total exports.
Imports were also dominated by intermediate goods, 63.7% ($2.97 billion), consumer goods, 21.9% ($1.020 billion), and equipment, 14.4% ($674.3 million) of overall imports.
Major importers of Serbian goods were Italy ($348.2 million), Bosnia-Herzegovina ($247.9 million), and Germany ($211.7 million).
The largest exporters to Serbia were the Russian Federation ($795.2 million), Germany ($430.4 million), and Italy ($391.9 million).
Exports totalled $2.014 billion, surging 16.8% from a year earlier, while imports rose 23.4% to $4.67 billion.
Expressed in euros, exports increased to €1.65 billion, or 24.2%, while imports went up 31.1% to €5.894 billion against the same period in 2005.
The exchange of goods with Montenegro in the January-May period amounted to €207.4 million, with exports in the amount of €161.9 million and imports €45.5 million. If trade with Montenegro is included in Serbia’s foreign operations, then Serbia’s total foreign exchange would climb to €5.67 billion.
The increase in imports in the first five months of the current year was due to energy resources imports. Imports of gas, oil, electricity, coke, butane and diesel amounted to $862 million, which makes 18.5% of total imports.
The trade deficit in the January to May period was $2.65 billion, a 29.9% increase from the same period a year earlier. Expressed in euros, the deficit amounted to €2.17 billion, or 36.9%.
Exports-to-imports ratio was 43.2%, down from 45.6% from a year earlier. Expressed in euros the ratio is 43.1%, down from last year’s 45.5%.
The most exported items were intermediate goods, accounting for 69.4% (nearly $1.4 billion) of overall exports, followed by consumer goods, which made up 25.6% ($515 million) and equipment, making up 5% ($100.6 million) of total exports.
Imports were also dominated by intermediate goods, 63.7% ($2.97 billion), consumer goods, 21.9% ($1.020 billion), and equipment, 14.4% ($674.3 million) of overall imports.
Major importers of Serbian goods were Italy ($348.2 million), Bosnia-Herzegovina ($247.9 million), and Germany ($211.7 million).
The largest exporters to Serbia were the Russian Federation ($795.2 million), Germany ($430.4 million), and Italy ($391.9 million).
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