The exports from Serbia in January 2019 amounted to around EUR 1.19 billion, which is 3% more than in the same month last year, whereas the imports increased by 11.5% to EUR 1.65 billion, the Statistical Office of the Republic of Serbia.

The total foreign trade amounted to EUR 2.84 billion, an increase by 7.8%, whereas the trade deficit of EUR 466.7 million increased by 40.9%.

The export-import coverage ratio in January amounted to 71.8% and is lower than in the same period last year, when it was 77.7%.

The biggest foreign trade was with the countries with which Serbia has free trade agreements. The European Union member-states make up 61.8% of the total trade.

The main foreign trade partners of Serbia when it comes to exports were Germany, Italy, B&H, Russia and Romania, and when it comes to imports, the biggest partners were Russia, Germany, China, Italy and Hungary.

A surplus of EUR 103.2 million was realized in the trade with the CEFTA countries.

Serbia also has a surplus in the trade with Italy, Slovakia, Bulgaria, Great Britain, Croatia, Romania, Austria, Sweden, Slovenia and the Netherlands.

The biggest deficit is in the trade with Russia (due to the import of energy sources), China (due to the import of phones and laptops), the USA, Turkey, Poland (the import of motor vehicle components), Ukraine, South Korea, Hungary, Vietnam, Belgium, Switzerland, Denmark, Germany…