Foreign Trade Data 2012

The overall foreign trade of the Republic of Serbia, for the period of January - December 2012, amounted to €23.4 billion, a 3.4% increase, compared to the same period in 2011.

The value of exports amounted to €8.7 billion, a 3.5% increase when compared to the same period in 2011, while the value of imports amounted to €14.7 billion, a 3.3% increase relative to the same period in 2011.

The deficit amounted to €6.0 billion, an increase of 2.9% relative to the same period in 2011.

The export - import ratio equaled 59.4% and was higher if compared to the same period last year when it was 59.2%.

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Exports by countries


Serbia`s major export destinations in the reference period were: Germany (€1.0 billion, 11.7% of total exports), Italy (€931.2 million, 10.7% of total exports), Bosnia and Herzegovina (€852.2 million, 9.8% of total exports), Romania (€703.0 million, 8.0% of total exports), the Russian Federation (€675.7 million, 7.7% of total exports), Montenegro (€625.9 million, 7.2% of total exports), Macedonia (€377.1 million, 4.3% of total exports), Slovenia (€328.0 million, 3.8% of total exports), Croatia (€300.9 million, 3.4% of total exports) and Hungary (€245.9 million, 2.8% 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 (€726.8 million, 4.9% of total imports), Romania (€635.8 million, 4.3% of total imports), Austria (€509.0 million, 3.5% of total imports), Slovenia (€451.9 million, 3.1% of total imports), Croatia (€414.3 million, 2.8% of total imports), and Poland (€409.1 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 (€648.8 million, 7.4% of total exports), electrical machinery, units and appliances (€647.1 million, 7.4% of total exports), non-ferrous metals (€523.8 million, 6.0% of total exports), road vehicles (€469.9 million, 5.4% of total exports), fruits and vegetables (€421.0 million, 4.8% of total exports), articles of apparel and clothing accessories (€392.4 million, 4.5% of total exports), manufactures of metals (€367.3 million, 4.2% of total exports), miscellaneous manufactured articles (€335.2 million, 3.8% of total exports), iron and steel (€287.8 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 (€917.8 million, 6.2% of total imports), gas, natural and manufactured (€843.3 million, 5.7% of total imports), electrical machinery, units and appliances (€638.2 million, 4.3% of total imports), medicinal and pharmaceutical products (€553.5 million, 3.8% of total imports), general industrial machinery (€527.3 million, 3.6% of total imports), iron and steel (€498.6 million, 3.4% of total imports), non-ferrous metals (€485.4 million, 3.3% of total imports), plastics in primary forms (€463.6 million, 3.2% of total imports), and paper, paperboard and articles of paper pulp (€427.5 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 57.7% (€5.0 billion, 5.3% decrease compared to the same period in 2011), consumer goods 32.6% (€2.9 billion, 19.2% increase compared to the same period in 2011) and capital goods 9.6% (€841.3 million, 16.7% 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 61.6% (€9.1 billion, 2.1% increase compared to the same period in 2011), consumer goods 19.6% (€2.9 billion, 3.1% increase compared to the same period in 2011) and capital goods 12.3% (€1.8 billion, 4.3% decrease compared to the same period in 2011). Unclassified goods according to destination amounted to 6.4% (€948.9 million).

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