Q:
A:
Foreign trade deficit down by 9.7%
Belgrade,
29 December 2010
Director of the Serbian Statistical Office Dragan Vukmirovic stated that the total foreign trade deficit in the period January–November 2010 was reduced by 9.7% and stood at $6,302.2 million.
Vukmirovic told a press conference that the export-import ratio was 58.4%, exceeding the 52.1% in the same period previous year.
The foreign trade in the period January–November stood at $23,968.2 million, he said, adding that the exports were $8,833 million, which as increase of 16.3% against the same period last year.
We imported goods worth $5,135.2 million, up 3.9% compared to the same period last year, he added.
Vukmirovic noted that the most exported items were intermediate goods, accounting for 65.4 % of overall exports, followed by consumer goods, which made up 26.8% and equipment, making up 7.8 % of total exports.
Imports were also dominated by intermediate goods, 55.6%, consumer goods, 17%, and equipment, 10.3% of overall imports.
Vukmirovic underlined that major importers of Serbian goods were Italy ($1,015.8 million), Bosnia-Herzegovina ($991 million) and Germany ($928 million).
The largest exporters to Serbia were Russia ($1,936 million), Germany ($1,606.1 million) and Italy ($1,293.2 million).
The greatest portion of foreign trade was recorded in commerce with the EU, which accounted for more than half of the total trade. Serbia’s second largest foreign trade partner is CEFTA countries, with which it achieved a surplus of $1,244.4 million.
GDP growth in real terms in the third quarter stood at 2.7% against the same period last year, he noted.
The largest growth was recorded in financial mediation (8.7%), transportation (7.4%), ore and stone mining (6.2%), trade (6.2%) and processing industry (5%).
The greatest GDP drop was in the construction sector (9.2%) and the production of electricity, gas and water (4.4%).
The foreign trade in the period January–November stood at $23,968.2 million, he said, adding that the exports were $8,833 million, which as increase of 16.3% against the same period last year.
We imported goods worth $5,135.2 million, up 3.9% compared to the same period last year, he added.
Vukmirovic noted that the most exported items were intermediate goods, accounting for 65.4 % of overall exports, followed by consumer goods, which made up 26.8% and equipment, making up 7.8 % of total exports.
Imports were also dominated by intermediate goods, 55.6%, consumer goods, 17%, and equipment, 10.3% of overall imports.
Vukmirovic underlined that major importers of Serbian goods were Italy ($1,015.8 million), Bosnia-Herzegovina ($991 million) and Germany ($928 million).
The largest exporters to Serbia were Russia ($1,936 million), Germany ($1,606.1 million) and Italy ($1,293.2 million).
The greatest portion of foreign trade was recorded in commerce with the EU, which accounted for more than half of the total trade. Serbia’s second largest foreign trade partner is CEFTA countries, with which it achieved a surplus of $1,244.4 million.
GDP growth in real terms in the third quarter stood at 2.7% against the same period last year, he noted.
The largest growth was recorded in financial mediation (8.7%), transportation (7.4%), ore and stone mining (6.2%), trade (6.2%) and processing industry (5%).
The greatest GDP drop was in the construction sector (9.2%) and the production of electricity, gas and water (4.4%).
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