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FCA Srbija's exports decline in Jan-Aug 2018

Author Radomir Ralev
FCA Srbija's exports decline in Jan-Aug 2018 Source: FCA Srbija

BELGRADE (Serbia), September 11 (SeeNews) - The exports of FCA Srbija, a joint venture of Fiat Chrysler Automobiles (FCA) Group and the Serbian government, fell by 17.7% on the year in the first seven months of 2018 to 529 million euro ($612.8 million), according to finance ministry data.

Despite the decline, FCA Srbija remained Serbia's biggest exporter in January-August 2018, closely followed by HBIS Group Serbia, the Serbian unit of Chinese steelmaker HBIS, which exported goods worth 528.4 million euro, up 40% year-on-year, figures show.

Oil and gas company NIS [BEL:NIIS] was Serbia's third biggest exporter in the period under review, with sales abroad up 48.7% to 293 million euro.

The total exports of Serbia's 15 biggest exporters rose by 7.4% year-on-year in the first eight months of 2018, reaching 2.9 billion euro.

Serbia's trade deficit widened 42% on the year to $3.544 billion in the first seven months of 2018, the country's statistical office said earlier. The country's exports rose 19.7% to $11.369 billion, while imports grew by 24.4% to $14.912 billion, the data indicated.

($ = 0.863187 euro)