MOSCOW TIME: 16.07.2019 03:50:52

Economy

Russia-Serbia Trade Turnover Grew by 20% in Q1 2018

Russia-Serbia Trade Turnover Grew by 20% in Q1 2018

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 Russias export to Serbia has risen by 24% compared to the same period of 2017 and amounted to $266.2 mln.

Russias import from Serbia has shown 17% growth and stood at $287.98 mln.

More than half of Russias 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%).

:

Russia Serbia Trade

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