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The Government of the Republic of Serbia

In the service of citizens

January-July foreign trade volume jumps 33.8 percent year-on-year

Belgrade, 1 September 2004

Serbia’s foreign trade volume in January-July climbed 33.8 percent against the same period of 2003, to $7.6 billion, the statistics office said in a statement. When expressed in euros, the trade volume amounted to €6.21 billion, up 21.3 percent year-on-year.

Exports rose 17.7 percent, to $1.83 billion, while imports climbed 39.9 percent, to $5.77 billion. When expressed in euros, exports rose 6.6 percent year-on-year, to €1.49 billion, while imports grew 26.8 percent, to €4.71 billion.

The January-July trade gap widened 53.4 percent, reaching $3.94 million. When calculated in euros, the deficit widened 39.2 percent, to €3.21 billion.

Intermediate goods accounted for 67.9 percent of total exports, or $1.24 billion, consumer goods for 25.2 percent, or $462.3 million, and equipment for 6.9 percent, or $125.6 million.

Intermediate goods made up 55.3 percent of overall imports, or $3.19 billion, followed by consumer goods, 25.4 percent, or $1.47 billion, and equipment, 19.3 percent, or $1.11 billion.

Most of the exports, $321 million, went to Bosnia-Herzegovina. Italy imported $217 million worth of Serbian goods, while $215 million in goods went to Germany.

A majority of the imports, $ 794 million, came from Germany. Russia exported $721 million in goods to Serbia, while Italy’s exports reached $563 million.

Steel and iron accounted for $202 million of total exports, fruit and vegetables for $126 million, ferrous metals, $105 million, rubber products, $123 million, and miscellaneous manufactured articles, $104 million. The five sectors made up 36 percent of overall exports.

Oil and oil products accounted for $472 million of overall imports, road vehicles for $465 million, general industry machinery, $298 million, machinery specialized for particular industries, $235 million, and electric machines, instruments, and devices, $225 million. The five sectors made up 29.4 percent of total imports in January-July.