Sales between Russia and Serbia increased by 23% in 2017, Russian Deputy Prime Minister Dmitry Rogozin said in opening remarks at the 16th session of the Serbia‑Russia Intergovernmental Committee for Trade, Economic, Scientific and Technical Cooperation.
“Trade between Russia and Serbia in 2017 reached USD 2,038.7 million, which is 23.1% more than in the previous year. Russian exports grew 20.4% to USD 926.2 million, and Russian imports jumped 25.4% to USD 1,112.5 million,” Mr. Rogozin specified.
According to the above figures, the negative balance of trade amounted to USD 186.3 million.
The Deputy Prime Minister also pointed to the emerging trend toward diversification of Russia-Serbia cooperation, with an increasing share of innovative programmes and projects related to promoting Russia’s hi-tech products on the Serbian market.
“I am convinced that such projects will help develop and strengthen Russia-Serbia relations in general for a long time,” he concluded.
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