Serbia's agriculture trade surplus up by 65.4 pct

Serbia's agriculture and foodstuffs trade produced a surplus of USD 430.5mn in the first four months of 2011.

Izvor: B92

Wednesday, 01.06.2011.

13:58

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Serbia's agriculture and foodstuffs trade produced a surplus of USD 430.5mn in the first four months of 2011. The number is equal to a 65.4 percent increase year-on-year, the Serbian Chamber of Commerce (PKS) said on Wednesday. Serbia's agriculture trade surplus up by 65.4 pct From January to April, Serbia's food exports amounted to USD 806.8mn, which represents an increase of 39 percent, the imports equaling USD 376.3mn, which is by 17 percent more when compared to the same period in 2010. The export-import ratio totaled 214.4 percent. Assistant with the PKS Research Centre Vojislav Stankovic underlined that the most important agricultural products in terms of exports are yellow corn (USD 157mn), beet sugar (USD 43.7mn), frozen raspberries (USD 36.4mn). They are followed by sunflower cooking oil (USD 29.1mn), mercantile wheat (USD 26.2mn), fresh apples (USD 22.7mn) and frozen, crushed raspberries (USD 19.6mn). When it comes to the imports of agricultural products, “noncompetitive products”, which are not grown in Serbia, top the list - raw coffee ( USD 26.9mn), fresh and sweet oranges ( USD 18.6mn) and fresh bananas (USD 17mn). The following groups of products have the greatest shares in the exports: fruits and vegetables (USD 111.2mn), and coffee, tea, cocoa and spices (USD 56.7mn). According to Stankovic, Serbia's agricultural industry has achieved such good results thanks to favorable conditions when trading with the Western Balkan countries via the CEFTA agreement, as well as and the prevailing trends at the world market. But there is dissatisfaction in the sector, which counts as a rare success in the country's economy plagued by high trade deficits. Farmers have this week taken to blocking roads in protest of the government's decision to significantly cut subsidies for farming households.

Serbia's agriculture trade surplus up by 65.4 pct

From January to April, Serbia's food exports amounted to USD 806.8mn, which represents an increase of 39 percent, the imports equaling USD 376.3mn, which is by 17 percent more when compared to the same period in 2010.

The export-import ratio totaled 214.4 percent.

Assistant with the PKS Research Centre Vojislav Stanković underlined that the most important agricultural products in terms of exports are yellow corn (USD 157mn), beet sugar (USD 43.7mn), frozen raspberries (USD 36.4mn).

They are followed by sunflower cooking oil (USD 29.1mn), mercantile wheat (USD 26.2mn), fresh apples (USD 22.7mn) and frozen, crushed raspberries (USD 19.6mn).

When it comes to the imports of agricultural products, “noncompetitive products”, which are not grown in Serbia, top the list - raw coffee ( USD 26.9mn), fresh and sweet oranges ( USD 18.6mn) and fresh bananas (USD 17mn).

The following groups of products have the greatest shares in the exports: fruits and vegetables (USD 111.2mn), and coffee, tea, cocoa and spices (USD 56.7mn).

According to Stanković, Serbia's agricultural industry has achieved such good results thanks to favorable conditions when trading with the Western Balkan countries via the CEFTA agreement, as well as and the prevailing trends at the world market.

But there is dissatisfaction in the sector, which counts as a rare success in the country's economy plagued by high trade deficits. Farmers have this week taken to blocking roads in protest of the government's decision to significantly cut subsidies for farming households.

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