- overview
- strengths
- Bilateral Agreements
- bilateral trade
- agencies
- Indian Mission
Serbia supports India in multilateral fora including India’s NSG membership
Serbia has abolished visas for Indian nationals
Both countries have agreed to promote economic cooperation in food production, agriculture, pharmaceuticals etc
Serbia and India signed a Most Favoured Nation Trade Agreement (MFN)
US$ 0.14mn
FDI inflows to India from April 2000-March 2021
US$ 100.96mn
Bilateral trade in 2021-22
No.1
investment destination country in the world, measured by the estimated number of jobs relative to the size of the population, as per the IBM Global Location Trend
FDI
Serbia is listed as one of the top 15 countries in Europe by number of FDIs
Agriculture
Efforts are on to promote trade in crops, oil seeds, soyabean, berries and other tropical fruit
Retail Medicaments
is the second largest import segment in Serbia’s foreign trade in 2017
City of the Future
Belgrade named a City of the Future in Southern Europe by Financial Times
Science & Technology
Serbia wants technology transfer in different industry segments, and there is potential for investment in science & innovation
India's Exports and Imports to Serbia
Source: Department of Commerce
Values in US $ Millions
Country / Region: SERBIA
| S.No. | \Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 |
|---|---|---|---|---|---|---|
| 1. | EXPORT | 59.02 | 72.33 | 83.68 | 90.77 | 89.89 |
| 2. | %Growth | 22.54 | 15.69 | 8.48 | -0.97 | |
| 3. | India’s Total Export | 303,526.16 | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 |
| 4. | %Growth | 8.75 | -5.06 | -6.88 | 44.62 | |
| 5. | %Share | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 |
| 6. | IMPORT | 24.12 | 21.45 | 11.51 | 7.31 | 11.07 |
| 7. | %Growth | -11.04 | -46.36 | -36.48 | 51.42 | |
| 8. | India’s Total Import | 465,580.99 | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 |
| 9. | %Growth | 10.42 | -7.66 | -16.91 | 55.43 | |
| 10. | %Share | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11. | TOTAL TRADE | 83.14 | 93.78 | 95.18 | 98.08 | 100.96 |
| 12. | %Growth | 12.80 | 1.49 | 3.05 | 2.94 | |
| 13. | India’s Total Trade | 769,107.15 | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 |
| 14. | %Growth | 9.76 | -6.64 | -12.92 | 50.83 | |
| 15. | %Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| 16. | TRADE BALANCE | 34.91 | 50.88 | 72.17 | 83.46 | 78.82 |
| 17. | India’s Trade Balance | -162,054.83 | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 |
The Federation of Indian Export Organizations
(+91) 11 4604 2222
Niryat Bhawan, Rao Tula Ram Marg, Opp. Army Hospital Research & Referral, New Delhi-110 057
The Serbian Chamber of Commerce and Industry of Serbia (abbr. CCIS or PKS)
(+381) 11 330 0900
