Value of Export of High-tech Products from Serbia 15 Times Higher Compared to 2005

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.

Ekonomski Institut a.d. Beograd

Ivan Nikolić

Macroeconomic Analyses and Trends

MAT

export of high and medium tech products

high tech

high tech export

value of high tech products

rotating electric machines

thermal ion electronic tubes

electric machines and devices

equipment for the distribution of electrical energy

passenger cars

electric devices for power circuits