Serbia's trade deficit grows

The volume of foreign trade was at US$ 7.7bn in the first four months, up 45.2 percent compared to the same period last year.

Izvor: EM Online

Saturday, 09.06.2007.

16:02

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Serbia's trade deficit grows

Analysts predict the trade deficit, which currently stands at US$ 2.7bn (40.1 percent up compared to the same period last year), could reach US$ 8bn by the end of 2007.

The main problem faced by Serbian trade is that export is dominated by low-processed commodities, raw materials and semi-finished products, while the bulk of import is comprised of consumer goods.

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