Serbia's Q1 trade gap more than doubles

Trade

Pixabay

Serbia's foreign trade deficit widened by 115% year-on-year in the first three months of 2022, reaching USD 3.058 billion (EUR 2.892 billion), the statistics office said on Friday.

The exports increased by 20% to USD 6.986 billion, while imports went up by 38% to USD 10.044 billion.

In March alone, Serbia's exports increased by 19% on the year to USD 2.697 billion, while imports added 32% to USD 3.781 billion, resulting in a USD 1.084 billion deficit.

ADVERTISEMENT

Business Sentiment Up, Consumer Confidence Down in September Analysis

Business Sentiment Up, Consumer Confidence Down in September

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.