Serbia's trade deficit USD 1.1bn

Belgrade, April 02. 2010 ( Source: B92 ) - Serbia's trade deficit was USD 1.1bn in the first two months of 2010, which is 14.1 percent less than the same period last year. This is according to the Statistical Office, which made the announcement on Wednesday. Exports during this period were worth USD 1.2bn, which was a 20.9 percent increase compared to the previous year, while imports were 1.3 percent higher at USD 2.3bn. The import was covered 52.6 percent by the export, which is an increase compared to the same period in 2009, when it was at 44 percent. More than half of the trade was conducted with EU countries, while the biggest surplus was recorded in trading with Montenegro, Bosnia-Herzegovina and Macedonia. The highest deficit was recorded with the Russian Federation, due to the import of oil and natural gas.