Serbia’s import of Aluminium scrap remains unstable during 2017-20; expenditures stand on the higher side

Serbia has set its heights on becoming a “developed country with quality living conditions” after the “successful consolidation” of its public finances. The Balkan nation has experienced stable economic growth recently, and the government budget has recorded a surplus for two consecutive years. The World Bank classifies Serbia as a middle-income country and its economy is transitioning from being dominated by the state sector to a market-driven model.

The strongest sectors of Serbia's economy are energy, aluminium industry, automotive industry, machinery, mining, and agriculture. The country’s aluminium scrap import during 2017-19 remains unstable, as the import volume recorded stands at 25,111 tonnes and expenditures occurred remained at $34.40 million. The projected import for 2020 has been marked at 7170 tonnes and expenditures are expected to reach $26.25 million. However, when the analysed import volume and expenditure of 2020 gets summed with the existing three years it denotes 32,281 tonnes and $84.62 million respectively.

Serbia’s aluminium scrap import in 2017 was standing at 4718 tonnes, with expenditures remained at $8.95 million, whereas in 2018 the import depicted surge by 169.41%, as the import volume ticked-up at 12,711 tonnes and expenditures also climbed to $25.45 million.

In 2019, the nation’s aluminium scrap import exhibited drop by 39.56%, as the import volume declined to 7682 tonnes and expenditures dipped marginally to $23.97 million.

The evaluated scrap import for 2020 has been again pointed with de-growth by 6.66%, as the import volume to remain at 7170 tonnes, while expenditures are expected to rise and stand at $26.25 million.

Serbia’s major trading nations for the importation of aluminium scrap are Bosnia Herzegovina, Croatia, Germany, Hungary, Slovenia, etc.

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