Foreign Trade Data 2012

The overall foreign trade of the Republic of Serbia, for the period of January - December 2012, amounted to €23.6 billion, a 4.1% increase, compared to the same period in 2011.

The value of exports amounted to €8.8 billion, a 4.7% increase when compared to the same period in 2011, while the value of imports amounted to €14.8 billion, a 3.7% increase relative to the same period in 2011.

The deficit amounted to €6.0 billion, an increase of 2.4% relative to the same period in 2011.

The export - import ratio equaled 59.8% and was higher if compared to the same period last year when it was 59.3%.

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Exports by countries


Serbia`s major export destinations in the reference period were: Germany (€1.0 billion, 11.6% of total exports), Italy (€933.2 million, 10.6% of total exports), Bosnia and Herzegovina (€842.6 million, 9.5% of total exports), Romania (€727.6 million, 8.2% of total exports), the Russian Federation (€675.8 million, 7.6% of total exports), Montenegro (€623.0 million, 7.1% of total exports), Macedonia (€375.0 million, 4.2% of total exports), Slovenia (€333.6 million, 3.8% of total exports), Croatia (€309.5 million, 3.5% of total exports) and Hungary (€256.5 million, 2.9% of total exports).

 


Imports by countries


In 2012, Serbia mainly purchased goods from: the Russian Federation (€1.6 billion, 10.9% of total imports), Germany (€1.6 billion, 10.9% of total imports), Italy (€1.4 billion, 9.7% of total imports), China (€1.1 billion, 7.3% of total imports), Hungary (€728.2 million, 4.9% of total imports), Romania (€641.4 million, 3.5% of total imports), Austria (€512.6 million, 4.3% of total imports), Slovenia (€460.3 million, 3.5% of total imports), Croatia (€418.8 million, 3.1% of total imports), and Poland (€409.5 million, 2.8% of total imports).

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Exports by products


According to the divisions of the Standard International Trade Classification (SITC) the following items had the greatest share of exports: cereals and cereal products (€651.8 million, 7.4% of total exports), electrical machinery, units and appliances (€647.1 million, 7.3% of total exports), non-ferrous metals (€523.8 million, 5.9% of total exports), road vehicles (€469.9 million, 5.3% of total exports), fruits and vegetables (€421.4 million, 4.8% of total exports), manufactures of metals (€402.0 million, 4.5% of total exports), articles of apparel and clothing accessories (€392.4 million, 4.4% of total exports), miscellaneous manufactured articles (€340.3 million, 3.9% of total exports), iron and steel (€287.9 million, 3.3% of total exports), and rubber products (€282.9 million, 3.2% of total exports).



Imports by products


The first ten divisions with the greatest share of import were the following: petroleum and petroleum products (€1.5 billion, 9.9% of total imports), road vehicles (€909.3 million, 6.2% of total imports), gas, natural and manufactured (€843.3 million, 5.7% of total imports), electrical machinery, units and appliances (€636.5 million, 4.3% of total imports), medicinal and pharmaceutical products (€550.6 million, 3.7% of total imports), general industrial machinery (€509.3 million, 3.4% of total imports), iron and steel (€493.6 million, 3.3% of total imports), non-ferrous metals (€484.9 million, 3.3% of total imports), plastics in primary forms (€456.8 million, 3.1% of total imports), and paper, paperboard and articles of paper pulp (€428.0 million, 2.9% of total imports).


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Exports by commodities


Regarding the structure of exports, and organizing the products by economic destination (based on the principle of prevalence), the most notable divisions were: intermediate goods 60.7% (€5.4 billion, 4.2% decrease compared to the same period in 2011), consumer goods 29.4% (€2.6 billion, 21.8% increase compared to the same period in 2011) and capital goods 9.9% (€873.9 million, 23.7% increase compared to the same period in 2011).


Imports by commodities


Regarding the structure of imports, and organizing the products by economic destination, the most notable divisions were: intermediate goods 60.9% (€9.0 billion, 2.0% increase compared to the same period in 2011), consumer goods 19.2% (€2.8 billion, 0.7% decrease compared to the same period in 2011) and capital goods 12.1% (€1.8 billion, 5.1% decrease compared to the same period in 2011). Unclassified goods according to destination amounted to 7.8% (€1.2 billion).

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