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Serbia Jan-Jul trade gap shrinks

Serbia’s foreign trade deficit in the first seven months of 2020 shrank 6.1% on the year to USD 3.75 billion, data from the Statistical Office of the Republic of Serbia (SORS) shows. 

Photo by Robert Petrovic / Shutterstock.com

The country’s exports went down 9.9% to USD 10.308 bln in the January-July period, while imports fell by 8.9% to USD 14.059 ln.

Looking at July alone, Serbia’s exports were down 3.8% on the year to USD 1.679 bln and imports declined 8.2% to USD 2.251 bln, the Belgrade-based SORS says.