External Trade Statistics
External trade, May 2010
The overall external trade in the Republic of Serbia for the period January – May 2010 amounted to:
• USD 10011.3 million, which was a 9.3% increase compared to the same period 2009;
• EUR 7419.5 million, which was a 7.0% decrease compared to the same period 2009.
The value of exports amounted to USD 3593.9 million, which was a 20.4% increase when compared to the same period last year, while the value of imports amounted to USD 6417.4 million, which was a 4.0% increase relative to the same period last year.
Expressed in Euros, the value of exports amounted to EUR 2666.4 million, which was an increase of 18.1%, compared to the same period last year. The value of imports amounted to EUR 4753.1 million, which was a 1.6% decrease when compared to the same period last year.
The deficit amounted to USD 2823.5 million, which was a decrease of 11.4% in relation to the same period last year. The deficit expressed in Euros amounted to 2086.7 million, which was a decrease of 13.8% compared to the same period last year.
The export - import ratio equalled 56.0% and was higher if compared to the same period last year when it was 483.4%.
In the period January - May this year, significant export increase rate was noted. First of all, it is the result of increased export of iron and steel industry products and agricultural products. This is the encouraging fact, meaning that positive tendencies will be continued, considering the importance of such products in structure of our exports. The results of exports and imports over this period were somehow influenced by Dinar depreciation, which stimulated exports and led to their faster growth over imports.
Regarding the structure of exports according to products’ destination (the principle of prevalence), the most notable were: reproduction products 65.8% (USD 2366.4 million), then consumer goods 25.6% (USD 920.9 million) and equipment 8.6% (USD 306.1 million).
Regarding the structure of imports according to products’ destination, the most notable were: reproduction products 54.5% (USD 3499.5 million), then consumer goods 17.7% (USD 1135.1 million) and equipment 9.1% (USD 586.5 million). Unclassified goods according to destination amounted to 18.7% (USD 1196.2 million).
The major foreign trade partners in exports in the reference period were: Bosnia and Herzegovina (USD 412.8 million), Italy (USD 408.9 million), and Germany (USD 388.3 million).
The major foreign trade partners in imports in the reference period were: the Russian Federation (USD 797.1 million), Germany (USD 671.2 million) and Italy (USD 578.4 million).
The external trade in the reference period noted the highest level with the European Union member countries (more than 50% of the total external trade).
The greatest surplus was gained in the external trade with Montenegro, Bosnia and Herzegovina and Macedonia. However, the greatest deficit marked the trade with the Russian Federation, which was due to the imports of energy commodities, mainly oil and gas.
Our second major partner refers to the CEFTA countries, since our gained surplus in external trade amounted to USD 491.0 million, resulting mainly from the exports of agricultural products (cereals and produces thereof and various sorts of drinks), as well as exports of iron and steel. Regarding imports, items mainly related to electricity, iron and steel, hard coal and non-ferrous metals as well as to vegetables and fruit. Our exports in the reference period amounted to USD 1030.7 million, while the imports were USD 539.7 million. The export– import ratio equalled 191.0 %.
Since January 1st 2010 and in accordance with UN Statistical Commission recommendations, general trade system has been introduced, presenting broader exports and importsconcept and involving overall goods that enter or exit the economic territory of the country, except the transit goods. Besides transit, excluded are also the temporary commodity transactions (fairs, test samples, etc.). According to general trade system, goods are imported from, i.e. exported into:
• free circulating area, rooms for internal processing or industrial free zones;
• customs storage places.
From January 1st 2010, new version of Standard International Trade Classification –SITC Rev 4 has been used.
According to the divisions of the Standard International Trade Classification (SITC) the following items had the greatest exports share: iron and steel (USD 364 million), non-ferrous metals (USD 261 million), electrical machines and apparatus (USD 196 million), cereals and produces thereof (USD 173 million) and fruit and vegetables (USD 169 million). These five sections accounted for 32.4% of the overall exports.
The first five divisions with the greatest imports share were the following: oil and oil derivatives (USD 509 million), natural gas (USD 506 million), non-ferrous metals (USD 239 million), electrical machines and apparatus (USD 239 million), and road vehicles (USD 216 million) and these accounted for 26.6% of the overall imports. Section of unclassified goods, now also involving customs storage goods, has high share in total imports (18.7%).
Exports in May 2010 amounted to USD 785.2 million, which was a 10.7% increase when compared to the same month last year, while the value of imports amounted to USD 1279.1 million, which was a 8.0% increase relative to the same month last year.
Expressed in Euros, the value of exports amounted to EUR 616 million, which was an increase of 17.8%, compared to the same month last year. The value of imports amounted to EUR 1006.1 million, which was 15.1% increase when compared to the same month last year.
The seasonally adjusted index May/April 2010 shows that exports decrease by 2.4% and imports decrease by 0.2%, calculated/ expressed in USD. Seasonally adjusted index May/April 2010, expressed in EUR, shows that exports increase by 1.0% and imports increase by 3.6%.
According to the Nomenclature of the External Trade Statistics (NETS), May list is as follows:
On the list of the first 10 products in exports, the first item refers to hot rolled products (iron and stainless steel) (USD 45 million); the second item refers to electricity (USD 24 million); other crude oils of bituminous minerals (USD 17 million) is on the third place; followed by rolled products plated with tin (USD 16 million), plates and sheets of copper refined (USD 15 million); exports of ferrous waste and scrap amounted to USD 14 million, which is the value of maize exports; exports of raspberries were USD 13 million; new tyres for passengers’ cars and aluminium plates and sheets are at the ninth and tenth place with a value of USD 11 million.
May list of the first 10 imported products shows that crude oil with a value of USD 82 million was the major imported product. Natural gas (USD 66 million) was on the second place. Import of other oil and oils of bituminous minerals amounted to USD 32 million. Import of motor vehicles for passengers transport (buses and minibuses) was USD 29 million. Copper refined was imported for USD 18 million. Import of semi-finished products of iron and stainless steel amounted to USD 16 million. The value of imported medicaments put up for retail sale was USD 14 million. Import of coke and other coal amounted to USD 14 million, followed by transmission apparatus incorporating reception with a value of USD 11 million. The last item on the list refers to aluminum, not alloyed, with the imported value of USD 10 million.
Contact person
Jasmina Crnomarković, Head
Section of external trade statistics
Phone: 2412 922, Ext. 353
Email:
<<
Back
|
About
Us
