Serbia scores USD 116.4 million surplus with CEFTA

EMG, Serbia

Serbia scores USD 116.4 million surplus with CEFTA

3 April 2012

Tanjug/Serbia recorded a USD 116.4 million trade surplus with the countries of the Central European Free Trade Agreement (CEFTA) over the first two months of 2012, resulting mostly from export of agricultural products, according to data from the Statistical Office of the Republic of Serbia.

Serbia recorded a USD 116.4 million trade surplus with the countries of the Central European Free Trade Agreement (CEFTA) over the first two months of 2012, resulting mostly from export of agricultural products, according to data from the Statistical Office of the Republic of Serbia.

Serbia’s export to CEFTA in January and February comprised mostly cereal grains and products made from them, various types of beverages, iron and steel, while import was mostly made up of black coal, coke, briquettes, iron, steel, electrical power, fruit and vegetables.

Serbia’s export during that period stood at USD 311.8 million, and import was USD 195.4 million, putting the coverage of import by export at 159.6 percent.

The country’s trade surplus with CEFTA in 2011 was at around USD 1.5 billion, which was again mostly the result of agriculture related export.

The CEFTA region is one of the rare markets where Serbia has recorded a continuous trade surplus, 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.

The CEFTA members are Albania, Bosnia-Herzegovina, Croatia, Macedonia, Moldova, Montenegro, Serbia and the UN Mission in Kosovo, which acts on behalf of the provisional institutions there.

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