Q:
A:
Foreign trade increases by 38.6%
Belgrade,
28 September 2007
The Serbian Statistics Office stated today that the total foreign trade of Serbia in the period January-August in 2007 was worth $166,695.8 million, which is an increase of 38.6% against the same period in 2006. Expressed in euros foreign trade reached €12471.6 million, which is an increase of 28.7%.
Exports stood at $5,555.0 million, up 41.3% compared to the same period last year, while imports totalled $11,140.8 million, a 37.3% increase in relation to the same period in 2006.
Expressed in euros, exports jumped 31.2% to €4148.2 million, while imports went up 27.4% to €8,323.4 million in relation to the same period previous year.
The trade deficit for the period January-August 2007 stood at $5,585.7 million, up by 33.6% against the same period last year. Expressed in euros, the deficit stood at €4,175.2 million, up by 23.9%.
The exports-to-imports ratio was 50%, showing a growth against the same period last year, when it stood at 49%.
Increased imports in the previous period were a result of the import of energy sources, which made up for 16.8% of total imports.
Increased exports were driven by the initial effects of privatisation and the restructuring of companies, by signed and ratified free trade agreements with signatory countries of the Stability Pact.
Expressed in euros, exports jumped 31.2% to €4148.2 million, while imports went up 27.4% to €8,323.4 million in relation to the same period previous year.
The trade deficit for the period January-August 2007 stood at $5,585.7 million, up by 33.6% against the same period last year. Expressed in euros, the deficit stood at €4,175.2 million, up by 23.9%.
The exports-to-imports ratio was 50%, showing a growth against the same period last year, when it stood at 49%.
Increased imports in the previous period were a result of the import of energy sources, which made up for 16.8% of total imports.
Increased exports were driven by the initial effects of privatisation and the restructuring of companies, by signed and ratified free trade agreements with signatory countries of the Stability Pact.
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