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In 2017, Serbia, FR(Serbia/Montenegro) major trading partner countries for exports were Italy, Germany, Bosnia and Herzegovina, Russian Federation and Montenegro and for imports they were Germany, Italy, China, Russian Federation and Hungary.
- What is Serbia's biggest import?
- What are Serbia's imports?
- What are Serbia's exports?
- Does Serbia trade with the US?
- What is Serbia known for producing?
- How much is Serbia in debt?
- What is Serbia's economy based on?
- Is Serbian economy growing?
- What products are manufactured in Serbia?
- What does India export to Serbia?
- Is Serbia allies with Russia?
- Who are Serbia enemies?
- Does Serbia have free trade with EU?
What is Serbia's biggest import?
Yearly Imports
The most recent imports of Serbia are led by Crude Petroleum ($1.14B), Cars ($887M), Packaged Medicaments ($795M), Petroleum Gas ($695M), and Refined Petroleum ($649M). The most common import partners for Serbia are Germany ($3.57B), Russia ($2.4B), Italy ($2.16B), Hungary ($1.79B), and China ($1.49B).
What are Serbia's imports?
Serbia is an importer of chemicals and chemical products, fuel and oil, basic metals, machinery and equipment and motor vehicles. Serbia's mainly imports from Russia, Germany, Italy, China and Hungary.
What are Serbia's exports?
Serbia is an exporter of basic metals, food products, crops, chemicals and chemical products, rubber and plastic products and electric equipment. Serbia primarily exports to Germany, Bosnia and Herzegovina, Montenegro, Romania, Russia and Macedonia.
Does Serbia trade with the US?
Serbia has been a Party to the Central European Free Trade Agreement (CEFTA) since December 2006. ... In 2018, Serbia exported $93 million to the United States under GSP.
What is Serbia known for producing?
Approximately 60 percent of Serbia's agricultural land is used for cereal crop production including corn, wheat, barley, sunflowers, soya, and sugar beets. The major agricultural land is in the northern part of the country; Vojvodina accounts for 84 percent of total cultivable land in Serbia.
How much is Serbia in debt?
In 2020 Serbia public debt was 27,124 million euros30,982 million dollars, has increased 3,818 million since 2019. This amount means that the debt in 2020 reached 58.37% of Serbia GDP, a 5.6 percentage point rise from 2019, when it was 52.77% of GDP.
What is Serbia's economy based on?
Serbia's largely market-based economy relies on manufacturing and exports, and state-owned companies remain a significant presence in certain sectors.
Is Serbian economy growing?
The outlook for the region has improved significantly, with GDP growth now projected to reach 5.9 percent in 2021, after a 3.1 percent contraction in 2020. Growth in the region is projected at 4.1 percent in 2022 and 3.8 percent in 2023.
What products are manufactured in Serbia?
Among the principal products of this area are automobiles, trucks, tires, batteries, and radio and television equipment. Kragujevac is the site of Serbia's main automobile factory, built by the Italian company Fiat.
What does India export to Serbia?
The main items of India's exports to Serbia are soybean oilcake/coffee/sesame seeds and food products, pharmaceuticals & chemical products, textile yarn, garments & footwear, products of iron & steel and industrial machinery.
Is Serbia allies with Russia?
Russia and Serbia are both predominantly Slavic and Eastern Orthodox countries, which share a strong mutual cultural affinity. The countries have been close allies for centuries; and the friendship between them has been strongly maintained despite Serbia's recent attempt to maintain closer relations with the West.
Who are Serbia enemies?
Serbians perceive Russia, Greece and China as friendly countries, while Americans and Albanians are seen as their biggest enemies, according to a recent poll. ... Croatia and Bosnia & Herzegovina, once viewed as Serbia's worst enemies, no longer appear on the list of the country's enemies.
Does Serbia have free trade with EU?
Benefits from Serbia – EU trade
Serbia has substantially benefited from trade and economic integration with the EU. The EU is traditionally Serbia's key trading partner accounting for more than 61% of Serbia's total trade in 2020, with similar percentages persisting over the years.
