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Serbia: Total Foreign Trade Worth 50.2 Billion Euros In 2021

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Serbia achieved a total of 50.2 billion euros in foreign trade in 2021, which is an increase of 25.5 percent compared to the previous year, the Republic Institute of Statistics announced, stating that 60.3 percent was realized with EU member states.

As stated, according to the final data for 2021, Serbia’s trade exchange in dollars in 2021 amounted to 59.3 billion dollars, or 29.8 percent more than in 2020.

The export of goods, expressed in euros, had a value of 21.6 billion euros, which is 26.8 percent more than the previous year. Imports of goods had a value of 28.6 billion euros, which is 24.6 percent increase.

The value expressed in dollars shows that goods worth $25.5 billion were exported, which is an increase of 31.1 percent compared to last year, and goods worth $33.7 billion were imported, which is an increase of 28 8 percent.

The deficit is $8.2 billion, which is an increase of 22.3 percent compared to the same period last year. Expressed in euros, the deficit is 6.9 billion euros, an increase of 18.2 percent compared to the previous year.

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The coverage of imports by exports is 75.6 percent and is higher than the coverage in the same period of the previous year, when it was 74.3 percent.

Foreign trade in goods was the largest with countries with which Serbia has signed free trade agreements.

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