Serbia's trade deficit down by 4% y/y in Jan-Sep.

By bne IntelliNews November 1, 2010
Serbia's trade deficit decreased by 4% y/y to EUR 3.9bn in January-September, the statistics office reported. The pace of the deficit contraction further decelerated compared to the previous month and this year's trade deficit would probably top the 2009 figure. In Jan-Sep, exports amounted to EUR 5.3bn, up by 21.1% y/y. Imports returned to a growth, as well, increasing by 9.1% y/y to EUR 9.2bn. The imports coverage by exports rose to 57.3% in Jan-Sept, compared to 51.8% in the same period of 2009. Reproduction goods had largest share both in exports and imports, of 65% and 56.1% respectively. On the exports side, reproduction goods increased by nearly 48% y/y, while imports of this group of products went up by 17% y/y. Both energy exports and imports grew by 45% and 39%, respectively. The exports of durable goods for consumption increased by 6% y/y in the first nine months of 2010, while exports of non-durable goods for consumption rose by a mere 1.5% y/y. Imports growth of both durable and non-durable goods for consumption was modest, at 0.2% y/y and 3.4% y/y, respectively. Capital goods imports still had the third largest share in total imports, but were lower by 8% y/y in Jan-Sep. In another breakdown, steel and non-ferrous metals had the largest share in country's exports. These two groups of products recorded exports worth EUR 933mn, and accounted for 17.6% of all exports in Jan-Sep (compared to 12.6% share in the same period in 2009). Electrical machines and appliances, fruit and vegetables, grains and clothing were also among Serbia's biggest export items. On the other hand, oil and oil derivatives, gas, non-ferrous metals, electrical machines and appliances and iron and steel were the top import items, together accounting for 27% of all imports. In September alone, the trade deficit amounted to EUR 486mn, and was higher by 19% y/y. Italy, Bosnia and Herzegovina and Germany are main Serbia's export destinations, while the main importers are Russia, Germany and Italy. Exports to the EU account for two-thirds of Serbia's exports. Also, the EU is the country's main trading partner in terms of imports with 56% share.

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss