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Serbia: Exports Decline, Foreign Deficit Goes Up

Business › Economy ♦ Published: September 8, 2012; 14:23 ♦ (Vindobona)

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According to RCB (Raiffeisen Centrobank), the draught in Serbia is likely to reduce the corn yield exports volumes. The trade deficit rose by 13.6% in June.

Serbia: Exports Decline, Foreign Deficit Goes Up / Picture: © Vindobona.org

As per seasonally adjusted data exports fell in June by 1.2% mom (May/12: %1.8% mom), while imports fell by 2.2% mom (May/12: +0.5% mom). Foreign trade volumes grew in Jan%June/12 by 3.8% yoy to € 11.4bn, supported by growing imports (+5.7% yoy) which came to € 7.3bn, while moderate pace of exports (+0.6% yoy) coming to € 4.1bn. Trade deficit in Jan1June/12 widened further to €…