January 31 (SeeNews) - Serbia's trade deficit rose by 44.9% in 2022, reaching $12.090 billion (11.160 billion euro), the country's statistical office said on Tuesday.
Exports increased by 12% year-on-year to $29.058 billion in the January-December period, while imports went up by 20% to $41.149 billion, the statistical office said in a statement.
The export-import ratio fell to 70.6% last year from 75.6% in 2021.
In December alone, Serbia's exports increased by 6.4% on the year to $2.437 billion, while imports added 4.4% to $3.541 billion, resulting in a deficit of $1.104 billion.
On a monthly comparison basis, exports decreased by 0.5% in December, while imports increased by 11.2%.
1 euro = $1.0836