Source: Tanjug | Tuesday, 11.05.2021.| 15:08
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Value of Export of High-tech Products from Serbia 15 Times Higher Compared to 2005

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In Serbia, the export of products of high and medium technological complexity is recording an above average growth, especially high-tech products, whose export value has increased nearly 15 times in a decade and a half, says economist Ivan Nikolic in the latest edition of “Macroeconomic Analyses and Trends” (MAT).

In the analysis, Nikolic says that the value of the export of high-tech products grew from EUR 77.4 million in 2005 to EUR 1.15 billion in 2020.

He says that, today, the export of high- and medium-tech products makes up exactly a third of Serbia’s export of goods, whereas, 15 years ago, it was only at 13.5%, making Serbia unable to compete with any European economy.

Three out of 18 products that make up the high-tech group generate 72.2% of their export in 2020, and those three products are rotating electric machines, thermal-ion electronic tubes and electric machines and devices.

Nikolic says that, in Serbia, there’s a high degree of production concentration in the export of the high-tech group, whereas, for the concentration in the export of medium-tech products, it can be said that it is close to the average of the countries observed in the survey – Bulgaria, Czech Republic, Germany, Croatia, Hungary, Poland, Romania and Slovenia.

Among the medium-tech products that Serbia exports are the equipment for the distribution of electrical energy, passenger cars and electric devices for power circuits.
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