Serbia recorded USD 1.15 billion worth of surplus in the first nine months of the year in trade with countries in the Central European Free Trade Agreement (CEFTA) region, mainly due to the export of agricultural products.

According to the data of the Statistical Office, Serbia mainly exported cereals, beverages, iron and steel to CEFTA countries in the period January-September 2011, while it most imported electricity, iron, steel, black coal, non-ferrous metals, fruit and vegetables.

In the said period, Serbia's exports totalled USD 2.4 billion and its imports added up to USD 1.25 billion, and the export-import ratio totalled 192.3 per cent.

In 2010, Serbia made USD 1.36 billion worth of surplus in trade with CEFTA countries, mostly due to export of agricultural goods.

The CEFTA region is one of few markets on which Serbia continuously records exchange surplus.

The CEFTA agreement was signed in 1992 by Serbia, Montenegro, Bosnia-Herzegovina, Croatia, Macedonia, Albania, Molodova and UNMIK on behalf of interim self-government institutions in Kosovo and it came into force in 1994.