External trade of Serbia in ten months of 2024 higher by 4.1%

The overall external trade in the Republic of Serbia for the period January-October 2024 amounted to around EUR 56.7 billion, which was an increase of 4.1% compared to the same period last year, announced the Statistical Office of the Republic of Serbia.

The value of exports amounted to around EUR 24.5 billion, which was a 1.9% increase, compared to the same period last year. The value of imports amounted to around EUR 32.2 billion, which was a 5.7% increase when compared to the same period last year. The deficit amounted to around EUR 7.8 billion, an increase of 19.8% compared to the same period last year.

The export-import ratio equaled 75.9% and was lower if compared to the same period last year when it was 78.7%.

The external trade in the reference period noted the highest level with the counties with which Serbia has signed agreements on free trade. European Union member countries account for 58.6% of total external trade.

Serbia’s second major partner refers to the CEFTA countries, since the gained surplus in external trade amounted to around EUR 2.4 billion, and the export-import ratio equaled 274.4 %.

Republički zavod za statistiku

Statistical Office of the Republic of Serbia

CEFTA

external trade of Serbia