FCA Srbija's exports decline in Jan-May 2018

FCA Srbija's exports decline in Jan-May 2018 Source: FCA Srbija

BELGRADE (Serbia), June 13 (SeeNews) - The exports of FCA Srbija, a joint venture of Italy's Fiat Chrysler Automobiles (FCA) Group and the Serbian government, fell by 16.9% on the year in the first five months of 2018 to 388.9 million euro ($457.5 million), according to finance ministry data.

Despite the decline, FCA Srbija was Serbia's biggest exporter in January-May 2018, followed by HBIS Group Serbia, the Serbian unit of Chinese steelmaker HBIS, which exported goods worth 334.9 million euro, up 41.9% year-on-year, figures show.

Rubber and chemical products manufacturer Tigar [BEL:TIGR] was Serbia's third biggest exporter in the period under review, with sales abroad up 9.2% to 162.1 million euro.

The total exports of Serbia's 15 biggest exporters rose by 5.6% year-on-year in the first five months of 2018, reaching 1.9 billion euro.

Serbia's foreign trade deficit in the first four months of 2018 widened 57% on the year to $2.086 billion, the country's statistical office said earlier. The country's exports rose 24% to $6.302 billion, while imports grew by 30.8% to $8.389 billion, the data indicated.

($ = 0.849809 euro)

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