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Serbia's Jan-Feb trade gap widens

Trade

Image by Pixabay

Serbia's foreign trade deficit increased by 139.1% on the year in the first two months of 2021, reaching USD 1.97 billion (EUR 1.74 billion), the statistical office said on Thursday.

The country's exports grew by 19.8% year-on-year to USD 4.28 billion in January-February, while imports went up by 42.1% to USD 6.25 billion.

In February alone, Serbia's exports rose 18.6% yr/yr to USD 2.277 billion, while imports increased 43.9% to USD 3.495 billion, resulting in a USD 1.218 billion deficit. 

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