Apparels account for high exports share

25 Feb '08

3 min read

• The executed Agreement with the EU, as according to it, our ready-made textiles produce have preferential status in the world market;
• Favorable relation of external trade; apart from favorable prices of the exported products, favorable relation was also influenced by market structure – our exports refers mainly to the market of euro zone, while imported goods are mainly from dollar area market. Regarding the structure of exports according to products' destination (the principle of prevalence), the most notable were: reproduction products 65.8% (USD 5806.0 million), then consumer goods 26.8% (USD 2366.4 million) and equipment 7.4% (USD 652.4 million).

Regarding the structure of imports according to products' destination, the most notable were: reproduction products 60.8% (USD 11160.6 million), then consumer goods 21.7% (USD 3989.7 million) and equipment 17.4% (USD 3200.1 million).

The major foreign trade partners in exports in the reference period were: Italy (USD 1094.2 million), Bosnia and Herzegovina (USD 1042.1 million) and Montenegro (USD 950.9 million).

The major foreign trade partners in imports in the reference period were: the Russian Federation (USD 2625.9 million), Germany (USD 2169.7 million) and Italy (USD 1777.8 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).

With former Yugoslav Republics, Bosnia and Herzegovina, Montenegro and Macedonia, external trade suffices were gained. However, the greatest deficit marked the trade with the Russian Federation, which was due to the imports of energy commodities, mainly oil and gas and also due to our exporters' not taking advantage of the Bilateral Agreement on the free trade.

According to the divisions of the Standard International Trade Classification (SITC) the following items had the greatest exports share in 2007: non-ferrous metals (USD 694 million), vegetables and fruit (USD 467 million), clothes (USD 445 million) and metal products, n.e.c. (USD 426 million). These sections accounted for 35.4% of the overall exports.

The divisions with the greatest imports share were the following: industrial machines for general use (USD 881 million) and electrical machinery and apparatus (USD 807 million) and these accounted for 33.1% of the overall imports.

Statistical Office of the Republic of Serbia

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