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Serbia's Jan-Oct trade gap widens 19.8% y/y

Author Radomir Ralev
Serbia's Jan-Oct trade gap widens 19.8% y/y Source: Pixabay

BELGRADE (Serbia), November 30 (SeeNews) - Serbia's foreign trade deficit went up 19.8% on the year to $6.409 billion (5.661 billion euro) in the first ten months of 2021, the country's statistical office said.

The country's exports grew by 33.8% to $20.995 billion in January-October, while imports went up by 30.3% to $27.404 billion, the office said in a statement on Friday.

The export-import ratio rose to 76.6% from 74.6% in the first ten months of 2020.

In September alone, Serbia's exports went up 17.1% on the year to $2.284 billion and imports rose 22.0% to $3.0 billion, resulting in a $716.3 million deficit.

($ = 0.8833 euro)

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