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The Government of the Republic of Serbia

In the service of citizens

January-June foreign trade volume jumps 32.8 percent year-on-year

Belgrade, 30 July 2004

Serbia’s foreign trade volume in January-June climbed 32.8 percent against the same period of 2003, to $6.41 billion, the statistics office said in a statement. When expressed in euros, the trade volume amounted to €5.23 billion, up 19.9 percent year-on-year.

Exports rose 11.5 percent, to $1.47 billion, while imports climbed 40.8 percent, to $4.94 billion. When expressed in euros, exports edged up 0.5 percent year-on-year, to €1.2 billion, while imports grew 27.2 percent, to €4.03 billion.

The January-June trade gap widened 58.5 percent, reaching $3.47 million. The deficit widened 43.4 percent when calculated in euros, to €2.83 billion.

Intermediate goods accounted for 67.1 percent of total exports, or $987.3 million, consumer goods for 25.6 percent, or $377.5 million, and equipment for 7.3 percent, or $106.8 million.

Intermediate goods made up 54.9 percent of overall imports, or $2.71 billion, followed by consumer goods, 25.4 percent, or $1.26 billion, and equipment, 19.7 percent, or $970.8 million.

The bulk of exports, $257 million, went to Bosnia-Herzegovina. Italy imported $175 million worth of Serbian goods, while $171 million went to Germany.

The majority of imports, $665 million, came from Russia. Germany also exported $665 million in goods to Serbia, while Italy’s exports reached $469 million.

Steel and iron accounted for $156 million of total exports, fruit and vegetables for $97 million, ferrous metals, $87 million, rubber products, $86 million, and miscellaneous manufactured articles, $83 million. The five sectors made up 34.6 percent of overall exports.

Oil and oil products accounted for $432 million of overall imports, road vehicles for $389 million, general industry machinery, $249 million, machinery specialized for particular industries, $205 million, and natural gas, $194 million. The five sectors made up 29.7 percent of total imports in January-June.