Serbia. USD 1.5 bn surplus in trade with CEFTA in 2011
2012-02-02 12:38:56
In 2011, Serbia saw a surplus of around USD 1.5 billion in trade with CEFTA countries, mostly as a result of exporting agricultural products, the state statistical office's data show.
Most of Serbia's export to CEFTA countries was made up by grain and grain-based products, beverages, iron and steel, while import was dominated by stone coal, coke and briquettes, iron and steel, electricity and fruits and vegetables.
The country exported USD 3.21 billion and imported USD 1.71 billion during this period, making for an export-import coverage ratio of 187.6 percent.
In 2010, Serbia saw a USD 1.36 billion surplus in trade with CEFTA countries, also mostly as a result of exporting agricultural products.
The CEFTA region is one of the few markets with whi? Serbia has a consistent surplus i.e. to whi? it exports more than it imports. It is the second most important export market for Serbia, after the EU.
The CEFTA is a free trade agreement between Serbia, Montenegro, Bosnia-Herzegovina, Croatia, Macedonia, Albania, Moldova and UNMIK- on behalf of Kosovo.