Trends in foreign trade of Serbia: a case study of agricultural products

Vujičić, Slađana and Nedeljković, Miroslav and Ćosić, Milivoje (2024) Trends in foreign trade of Serbia: a case study of agricultural products. In: Proceedings of 13th International Scientific Conference “Employment, Education and Entrepreneurship”. Faculty of Business Economics and Entrepreneurship, Belgrade, pp. 834-840. ISBN 978-86-6069-225-4

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Abstract

The agriculture sector in the Republic of Serbia holds significant economic and social importance due to its substantial contribution to domestic gross domestic product (GDP) and employment of a large number of people. Agricultural products play a crucial role in Serbia's export structure. Food is one of Serbia's major export products, with a trade surplus steadily increasing since 2005. Fruit cultivation, as part of the agricultural sector, is of great importance, with domestic producers effectively utilizing natural advantages for production, thus achieving recognition and competitiveness internationally. This study aims to analyze the trends in foreign trade parameters over a decade, focusing on one agricultural product, specifically apricots. The research employs a quantitative research method using standard descriptive statistical instruments. Results indicate that Serbia maintains a trade surplus in apricots, with significant fluctuations and varying growth and decline trends in analyzed trade parameters over the period.

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