Serbia's Jan-Feb trade deficit widens 24.8% y/y to EUR 1bn.

By bne IntelliNews April 2, 2012
Serbia's trade gap widened 24.8% on the year to more than EUR 1bn in the first two months of 2012, the statistics office said. Jan-Feb exports shrank by an annual 9.9% to nearly EUR 1.1bn, while imports expanded by 4.5% to above EUR 2.1bn. The country's trade deficit widened over 40% on the year to EUR 570mn in February alone after expanded 15% in January. In the Jan-Feb exports structure, reproduction products accounted for 67% of total exports, consumer goods for 26.2% and equipment for 6.8%. In the imports structure, reproduction products had a 61% share, consumer goods held 18.6% and equipment accounted for 12.4%. Serbia's biggest export trade partners were Germany, Italy and Bosnia, while its largest import partners were Russia, Germany and China.
Serbia foreign trade, EUR mn Feb'12 Feb'11 y/y % Jan-Feb'12 Jan-Feb'11 y/y %
Exports 522 650 -19.7 1,075 1,192 -9.9
Imports 1,092 1,056 3.4 2,123 2,032 4.5
Trade balance -570 -406 40.4 -1,048 -840 24.8
Source: Statistics office
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