Eleven-month exports up 26.4 pct y-o-y, imports up 34.1 pct y-o-y

BELGRADE - Serbia's overall external trade rose by 30.8 pct y-o-y to 59.27 bln euros between January and November 2022, with exports up by 26.4 pct and imports up by 34.1 pct, according to figures released by the national statistical office.

Exports in the period totalled 24.81 bln euros, while imports totalled 34.46 bln euros, resulting in a 9.64 bln euro deficit, which was a 58.9 pct increase y-o-y.

The export-import ratio was 71.9 pct, down from 76.4 pct in the same period of last year.

The Vojvodina region accounted for most of Serbia's exports (34.4 pct), while the Belgrade region had the largest share of the imports (43.4 pct).

External trade was the highest with countries with which Serbia has free trade agreements, and EU member states accounted for 58.8 pct of the total.

Germany remained Serbia's single largest trade partner in terms of exports, with China as the top partner when it comes to imports.

Exports to Germany totalled 3.48 bln euros, while imports from China stood at 4.38 bln euros, the RZS said.

In November alone, exports rose by 20 pct y-o-y to 2.42 bln euros, while imports increased by 16.3 pct y-o-y to 3.15 bln euros.

According to seasonally adjusted figures, November exports were up by 0.5 pct m-o-m while imports were down by 6.1 pct m-o-m.