Serbia continues to report surplus in CEFTA
Serbia's deficit-ridden economy continues to perform strongly in the CEFTA markets, according to new data released by the Statistical Office.
Thursday, 05.01.2012.
13:39
Serbia's deficit-ridden economy continues to perform strongly in the CEFTA markets, according to new data released by the Statistical Office. Serbia achieved a USD 1.39 billion surplus in trade with Central European Free Trade Agreement (CEFTA) member countries over the first 11 months of 2011, mainly as a result of exports of agricultural products. Serbia continues to report surplus in CEFTA In its trade CEFTA countries from January to November last year, Serbia mainly exported grains, grain products, various kinds of beverages, iron and steel, while it mostly imported electricity, iron and steel, coal and non-ferrous metals, as well as vegetables and fruits. Serbia's exports for the period under consideration amounted to USD 2.95 billion, while imports totaled USD 1.56 billion, which means that the export-import ratio was 189.6 percent. In 2010, Serbia had a surplus in trade with CEFTA member-states of USD 1.36 billion dollars, which is also largely a result of the exports of agricultural products. The CEFTA region is one of the few markets with which Serbia has a continuous surplus in trade, or more exports than imports. According to the participation of Serbia's total exports, this market is second in importance after the EU market. CEFTA is a free trade agreement between Serbia, Montenegro, Bosnia-Herzegovina, Croatia, Macedonia, Albania, Moldova and UNMIK on behalf of Kosovo. Tanjug
Serbia continues to report surplus in CEFTA
In its trade CEFTA countries from January to November last year, Serbia mainly exported grains, grain products, various kinds of beverages, iron and steel, while it mostly imported electricity, iron and steel, coal and non-ferrous metals, as well as vegetables and fruits.Serbia's exports for the period under consideration amounted to USD 2.95 billion, while imports totaled USD 1.56 billion, which means that the export-import ratio was 189.6 percent.
In 2010, Serbia had a surplus in trade with CEFTA member-states of USD 1.36 billion dollars, which is also largely a result of the exports of agricultural products.
The CEFTA region is one of the few markets with which Serbia has a continuous surplus in trade, or more exports than imports. According to the participation of Serbia's total exports, this market is second in importance after the EU market.
CEFTA is a free trade agreement between Serbia, Montenegro, Bosnia-Herzegovina, Croatia, Macedonia, Albania, Moldova and UNMIK on behalf of Kosovo.
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