Q:
A:
January, February foreign trade falls
Belgrade,
31 March 2009
The Serbian Statistics Office said that Serbia’s total foreign trade for the period between January and February 2009 amounted to $3115.7 million, falling by 35.9% against the same period in 2008, i.e. €2382 million, falling by 28% against the same period last year.
Export totalled $1007.9 million, decreasing by 35% from a year earlier, while imports fell by 36.4% to $2107.8 million.
Expressed in Euros, exports decreased to € 770.2 million, or by 26.9%, while imports fell by 28.5 % to €1611.8 million against the same period in 2008.
The trade deficit was $1009.9 million, a 37.6% decrease from the same period a year earlier. Expressed in Euros, the deficit was €841.6 million, or went down by 29.9% against the same period last year.
Exports-to-imports ratio was 47.8%, up from 46.8% from a year earlier.
The decreases in imports and exports were due to the global financial crisis
Major importers of Serbian goods were Germany ($118.2 million), Italy ($115.7 million) and Bosnia-Herzegovina ($111.7 million).
The largest exporters to Serbia were Russia ($334.1 million), Germany ($231 million) and Italy ($183.1 million).
The greatest foreign trade was recorded in commerce with the EU, which accounted for more than half of total trade.
A foreign trade surplus was realised in commerce with Bosnia-Herzegovina, Macedonia and Montenegro.
The largest trade deficit was in commerce with Russian, due to the import of oil and gas.
The second most important partner was CEFTA countries, a surplus of $149.4 million being achieved mainly as a result of the export of agricultural products.
According to the Standard International Trade Classification, iron and steel have the largest share of exports ($86 million), coloured metals ($53 million), garments ($84 million), grains and grain products ($53 million) and fruit and vegetables ($49 million). The exports in these five sections made up 32.2% of overall export.
In February 2009 export totalled $524.6 million, decreasing by 38.5% from a year earlier and increasing by 8.5% from January 2009. Imports fell by 38.1% to $1122.7 million against the same period in 2008 and went up by 14% compared to the previous month.
Expressed in Euros, exports decreased to € 410.2 million or by 29.4% against the same period last year and increased by 13.9% compared to January 2009.
Imports fell by 29% to €878.1 million against the same period in 2008 and went up by 19.7% against the previous month.
Expressed in Euros, exports decreased to € 770.2 million, or by 26.9%, while imports fell by 28.5 % to €1611.8 million against the same period in 2008.
The trade deficit was $1009.9 million, a 37.6% decrease from the same period a year earlier. Expressed in Euros, the deficit was €841.6 million, or went down by 29.9% against the same period last year.
Exports-to-imports ratio was 47.8%, up from 46.8% from a year earlier.
The decreases in imports and exports were due to the global financial crisis
Major importers of Serbian goods were Germany ($118.2 million), Italy ($115.7 million) and Bosnia-Herzegovina ($111.7 million).
The largest exporters to Serbia were Russia ($334.1 million), Germany ($231 million) and Italy ($183.1 million).
The greatest foreign trade was recorded in commerce with the EU, which accounted for more than half of total trade.
A foreign trade surplus was realised in commerce with Bosnia-Herzegovina, Macedonia and Montenegro.
The largest trade deficit was in commerce with Russian, due to the import of oil and gas.
The second most important partner was CEFTA countries, a surplus of $149.4 million being achieved mainly as a result of the export of agricultural products.
According to the Standard International Trade Classification, iron and steel have the largest share of exports ($86 million), coloured metals ($53 million), garments ($84 million), grains and grain products ($53 million) and fruit and vegetables ($49 million). The exports in these five sections made up 32.2% of overall export.
In February 2009 export totalled $524.6 million, decreasing by 38.5% from a year earlier and increasing by 8.5% from January 2009. Imports fell by 38.1% to $1122.7 million against the same period in 2008 and went up by 14% compared to the previous month.
Expressed in Euros, exports decreased to € 410.2 million or by 29.4% against the same period last year and increased by 13.9% compared to January 2009.
Imports fell by 29% to €878.1 million against the same period in 2008 and went up by 19.7% against the previous month.
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