Serbian exports to total 24 bln euros this year

Serbian exports in 2019 will reach 24 bln euros, which is 3 bln euros higher than last year, says Milan Trajkovic, deputy head of the National Bank of Serbia (NBS) Economic Research and Statistics Department.

15 Novembar 2019 20:56

BELGRADE - Serbian exports in 2019 will reach 24 bln euros, which is 3 bln euros higher than last year, says Milan Trajkovic, deputy head of the National Bank of Serbia (NBS) Economic Research and Statistics Department.

Exports of goods picked up slightly from 8.3 pct last year to 8.5 pct in 2019, while exports of services accelerated from 14.4 pct to 17.4 pct, Trajkovic said Thursday at the presentation of the November inflation report.

Commenting on the eurozone economic slowdown, Trajkovic responded it certainly had an adverse effect on Serbia, which he said was not "an isolated island."

This is particularly reflected in automotive and steel exports, but Serbian exports in the first nine months of this year still rose at a higher rate compared to the same period last year, he said.

Under the assumption that eurozone growth will remain at the current 1.1 pct, with the present level of investments, Serbia can achieve double-digit growth of exports of goods and services in the years to come, he said.


Photo: Pixabay image


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