In 2010, the total trade between Serbia and the Russian Federation reached USD 2,701.6 million, some 16 percent above the 2009 balance. Serbia’s export rose by a staggering 55 percent from the year before and totaled USD 541.1 million. Import grew about nine percent, to USD 2,160.5 million.
Serbia’s export to the Russian market hit a 15-year high last year, head of the Serbian Chamber of Commerce (PKS) office in the Russian Federation Janko Djuric told Tanjug.
The export/import ratio, which ranged between 12 and 14 percent in the last decade, reached “a fantastic 25 percent,” Djuric said, stressing the spike happened in a year when Serbia’s total exports markedly dropped due to the global economic crisis.
In 2010, the total trade between Serbia and the Russian Federation reached USD 2,701.6 million, some 16 percent above the 2009 balance. Serbia’s export rose by a staggering 55 percent from the year before and totaled USD 541.1 million. Import grew about nine percent, to USD 2,160.5 million.
The negative score of USD 1,619.4 million is caused by the import of oil and gas from Russia – oil accounts for 43.3 percent and gas for 30.7 percent of the total imports.
Russia is Serbia’s sixth biggest export market, with a share of 5.49 percent, and the top importer to Serbia with 12.85 percent, Djuric reminded.
Serbia exports fruit, medicine, car batteries, floor covering, copper pipes and car tires to Russia, while importing oil and oil derivatives, gas, aluminum, mineral fuels, etc.
Source Emg.rs
