In the first quarter of 2018 Russia-Serbia trade turnover has increased by 20% compared to the same period of the last year and stood at $554.18 mln.
As for the structure of the bilateral trade, Russia’s import from Serbia exceeds its export to Serbia by 8%.
In the first quarter of 2018 Russia’s export to Serbia has risen by 24% compared to the same period of 2017 and amounted to $266.2 mln.
Russia’s import from Serbia has shown 17% growth and stood at $287.98 mln.
More than half of Russia’s export to Serbia (52.4%) was constituted by goods not elsewhere classified (a 32% increase compared to the first quarter of 2017). Besides, the key export commodities were:
· Refined copper wire (6.5%);
· Polymers of propylene (3.9%);
· Chewing tobacco and tobacco substitutes (2.9%);
· Carbon (2.1%);
· Potassium chloride (1.8%);
· Cigarettes containing tobacco (1.7%);
· Iron ores and concentrates (1.5%).
The main goods imported by Russia from Serbia were:
· Fresh apples (15.1%);
· Tights of synthetic fibres (9%);
· Rubber and pneumatic tyres used on light commercial vehicles (6.9%, a 99% growth);
· Paper and paperboard coated, impregnated or covered (5.4%);
· Medicaments for retail sale (4.2%);
· Maize seeds (3.9%);
· Centrifugal pumps (2.5%);
· Fresh cheese including curd(2.3%);
· Fruit and nuts cooked (2%);
· Refined copper pipes (2%);
· Rubber and pneumatic tyres used on buses and truck vehicles (1.6%).
The ministries of agriculture of Iran, Russia and Kazakhstan have concluded a trilateral memorandum of understanding on the issue of wheat trade.
Trade turnover between Russia and Germany increased 8.4% and reached nearly ˆ62 billion ($70 billion) in 2018 compared to previous year.
In 2018 Russia’s meat export amounted to 288.5 thous. t, it is a 21% increase compared to 2017.
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