Serbia's foreign trade deficit up to USD 5.14bn

Serbia's foreign trade deficit totaled USD 5.14bn in the first eight months of 2008 - a figure that is 2.8 percent up year-on-year, the Statistical Office said.

Izvor: Tanjug

Friday, 28.09.2012.

16:53

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BELGRADE Serbia's foreign trade deficit totaled USD 5.14bn in the first eight months of 2008 - a figure that is 2.8 percent up year-on-year, the Statistical Office said. Serbia exported USD 7.21 billion worth of goods, a drop of 8.3 percent, while importing USD 12.34 billion, a decrease of four percent from last year. Serbia's foreign trade deficit up to USD 5.14bn The export/import coverage ratio was 58.4 percent, down from last year's 61.1 percent. Serbia exported the majority of its goods to Germany, Bosnia-Herzegovina, Italy, Romania and the Russian Federation. Its main import partners were Germany, the Russian Federation, Italy, China and Hungary. The biggest deficit was recorded in trade with China and the Russian Federation, followed by Germany, Italy and Hungary. At the same time, the Statistical Office announced that Serbia's GDP suffered a real drop of 0.8 percent in the second quarter of 2012 compared to the same period last year. By sectors, the most significant real growth was seen in IT and communications (11.7 percent), transportation (4.2 percent), finance and insurance (4.2 percent), and the processing industry (3.2 percent). The sharpest fall came in the sectors of electric energy, gas and steam supply (14.6 percent) and mining (7.7 percent). Seasonally-adjusted data shows that the GDP rose 2.1 percent in the second quarter compared to the first. More figures released today showed that Serbia's industrial production went down by 0.9 percent in August 2012, when compared to the same month in 2011. Tanjug

Serbia's foreign trade deficit up to USD 5.14bn

The export/import coverage ratio was 58.4 percent, down from last year's 61.1 percent.

Serbia exported the majority of its goods to Germany, Bosnia-Herzegovina, Italy, Romania and the Russian Federation.

Its main import partners were Germany, the Russian Federation, Italy, China and Hungary.

The biggest deficit was recorded in trade with China and the Russian Federation, followed by Germany, Italy and Hungary.

At the same time, the Statistical Office announced that Serbia's GDP suffered a real drop of 0.8 percent in the second quarter of 2012 compared to the same period last year.

By sectors, the most significant real growth was seen in IT and communications (11.7 percent), transportation (4.2 percent), finance and insurance (4.2 percent), and the processing industry (3.2 percent).

The sharpest fall came in the sectors of electric energy, gas and steam supply (14.6 percent) and mining (7.7 percent).

Seasonally-adjusted data shows that the GDP rose 2.1 percent in the second quarter compared to the first.

More figures released today showed that Serbia's industrial production went down by 0.9 percent in August 2012, when compared to the same month in 2011.

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