Serbia: Exports Decreasing

BusinessEconomy ♦ Published: November 29, 2012; 14:53 ♦ (Vindobona)

As per seasonally adjusted data exports fell in August by 0.4% mom (July/12: +2.2% mom), while imports fell by 1.9% mom (July/12: +0.2% mom). Trade deficit in Jan1Aug/12 widened further to € 4.0bn (+12.8% yoy).

Serbia: Exports Decreasing / Picture: © Vindobona.org

As per seasonally adjusted data exports fell in August by 0.4% mom (July/12: +2.2% mom), while imports fell by 1.9% mom (July/12: +0.2% mom). Foreign trade volumes grew in Jan1August/12 by 3.9% yoy to € 15.3bn, supported by growing imports (+5.6% yoy) which came to € 9.6bn, while moderate pace of exports (+1.1% yoy) coming to € 5.6bn. Trade deficit in JanGAug/12 widened further to…