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LATEST FOREIGN TRADE RESULTS

The value of Serbia's foreign trade in the period from January to September 2003 rose to a total of $6.88 billion, a 25.9 percent increase compared to last years figures, with the foreign trade deficit reaching $3.25 billion, according to the latest information from the Serbian Statistics Bureau.

In the first nine months of 2003, Serbia exported $1.81 billion worth of goods, 21.5 percent more than over the same period in 2002, and imported $5.07 billion, showing a 27.6 percent rise from last year.

Serbia                                                                  value in million US dollars

Year 1990 1997 1998 1999 2000 2001 2002 Jan - Sep 2003
Export 5.816 2.677 2.858 1.498 1.723 1.903 2.270 1.815
Import 7.460 4.826 4.849 3.296 3.711 4.837 6.320 5.069
Deficit -1.644 -2.149 -1.991 -1.798 -1.988 -2.934 -4.055 -3.254
Import/Export 77.90% 55.60% 58.80% 45.20% 46.40% 39.30% 36.00% 35,8%

According to the figures, the most exported products from Serbia are intermediate goods ($959.8 million); consumer goods ($710.8 million); and equipment ($144.4 million), while major Serbian importers include Bosnia-Herzegovina ($285 million); Italy ($266 million); and Germany ($211 million), reads a statement from the Statistics Bureau.

Serbia                                                      value in million US dollars

January - September 2003. Export Export
2002 2003 Indeks 2002 2003 Indicies
Total

1.494,0

1.815,0 121,5

3.973,2 

5.068,7 127,6
Developed countries 693,8 850,3  122,6 2.023,3 2.637,3 130,3

EU countries

652,3 808,6 124,0 1683,2 2154,4 128,0
Developing countries 73,9 47,6 64,4 249,9  272,8 109,2
Countries in transition 726,3 917,1 126,3 1.700,0 2.158,6 127,0
 Selected countries 
Russian Federation 63,7 89,9 141,1 553,6 737,2 133,2
Germany 184,9 211,1 114,2 526,7 704,1 133,7
Italy 210,5 266,4 126,6 393,4 494,5 125,7
Macedonia 154,7 161,1 104,1 94,2 93,7 99,5
Bosnia-Herzegovina 230,9 284,7 123,3  90,6 116,1 128,2

In the same period, Serbia imported $2.94 billion worth of intermediate goods; $1.09 billion in equipment; and $1.04 billion worth of consumer goods. The highest imports were from Russia, $737 million; from Germany, $704 million; and from Italy, $495 million, according to the statement.

The statement added that 33.1 percent of total exports between January and September were made up of fruit and vegetables, $168 million, steel and iron, $133 million, clothing, $126 million, rubber products, $87 million, and non-ferrous metals, $86 million.

At the same time, 33.4 percent of imports were made up of oil and oil derivatives, $505 million, automobiles, $373 million, cloths and textile, $331 million, industrial machinery, $274 million, and electric appliances, $209 million.

 

Source: Web Site of Serbian Government and Republic Development Bureau
 

 

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