Serbia’s Jan-Nov trade gap expands 42%

BELGRADE (Serbia), December 29 (SeeNews) – Serbia’s trade deficit rose by 41.8% in the eleven months through November, reaching 10.212 billion dollars (9.601 billion euro), the country’s statistical office said on Thursday.

Exports increased by 12% year-on-year to 26.120 billion dollars in the January-November period, while imports went up by 19% to 36.333 billion dollars, the statistical office said in a statement.

The export-import ratio fell to 71.9% from 76.6% in the first eleven months of 2021.

In November alone, Serbia’s exports increased by 5.6% on the year to 2.448 billion dollars, while imports added 2.4% to 3.185 billion dollars, resulting in a 737 million dollar deficit.

On a monthly comparison basis, exports increased by 3.3% in November, while imports decreased by 3.4%.

Source : seenews

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