Export up by 33.7 percent in first two months of 2013

Serbia's foreign trade totaled USD 4.81bn in January and February 2013 - 15.9% more than in the same period last year, the State Statistical Office announced.

Source: Tanjug

Serbia exported USD 1.88 billion worth of goods in the first two months of this year, 33.7 percent more than in the same period of 2012, and imported USD 2.93 billion, which is 6.8 percent more.

Foreign trade deficit went down 21.4 percent, to USD 1.05 billion.

The export-import coverage ratio was 64.1 percent, up from last year's 51.2 percent.

Serbia's main export partners were Italy, Germany, Russia, Bosnia-Herzegovina and Romania, while the country imported most from Russia, Germany, Italy, China and Hungary.

The bulk of Serbia's trade was done with countries with which it has free trade agreements. Trade with EU member countries accounts for 61.6 percent of the total.

The Statistical Office also released data on Friday showing that annual gross domestic product at constant prices in 2012, obtained as the sum of four quarters, decreased by 1.7%, compared to 2011.

According to seasonally adjusted GDP data, the economic performance decreased by 0.3% in the fourth quarter of 2012, when compared to the previous quarter.

Business & Economy

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