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Serbia records USD 364.7 mil surplus with CEFTA

05. June 2012. | 09:59

Source: Tanjug

Serbia's export comprised mostly cereals and produces thereof, various sorts of drinks, iron and steel, while its top imports from the CEFTA countries were hard coal, coke and briquettes, iron and steel, electricity, fruit, and vegetables.

In the first four months of 2012, Serbia's surplus in the trade with the Central European Free Trade Agreement (CEFTA) countries amounted to USD 364.7 million, resulting mainly from the exports of agricultural products, show the data of the Statistical Office of the Republic of Serbia.

Serbia's export comprised mostly cereals and produces thereof, various sorts of drinks, iron and steel, while its top imports from the CEFTA countries were hard coal, coke and briquettes, iron and steel, electricity, fruit, and vegetables.

Serbia's export in the referent period amounted to USD 840.7 million, while the imports were USD 476 million, thus setting the export- import ratio at 176.6 percent.

In 2011, Serbia recorded a surplus in the trade with CEFTA totaling USD 1.5 billion, which was also largely the result of export of agricultural products.

The CEFTA region is one of a few markets where Serbia has recoded a continuous surplus in trade, meaning that its export to the area exceeds import from it. In terms of Serbia's total export, the CEFTA market is the second most important one to Serbia, behind the EU.

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