Serbia generated €2.76 billion in exports of information and communications technology (ICT) services during the first seven months of 2026, strengthening the sector’s position in international trade. The increase came alongside contrasting trends in traditional communications, with telecommunications activity growing while postal services contracted.
According to the National Bank of Serbia, ICT service exports rose 5.7% year on year between January and July. Imports of ICT services increased more sharply, climbing 20.7% to €661.5 million, while the sector retained a trade surplus of approximately €2.09 billion.
Telecommunications and Postal Services Diverge
Separate physical-volume indicators for the first half of 2026 showed telecommunications services increasing 2.3%, while postal activities declined 4.6%. The two sets of indicators measure different areas of the economy. Balance-of-payments statistics capture internationally traded ICT services, whereas physical-volume indices track activity in telecommunications and postal operations.
Investment Opportunities in Digital Services
Serbia’s ICT export base supports business opportunities in enterprise software, cybersecurity, data processing, digital infrastructure and specialised business services. These activities contribute to the country’s exports of higher-value services and rely on international customer relationships. At the same time, the 20.7% increase in ICT service imports indicates that Serbian technology companies and corporate customers are also increasing their spending on foreign digital capabilities.
Financing and Competitiveness of ICT Companies
The financial performance of the sector depends on retaining skilled workers, increasing the value of exported services and maintaining relationships with overseas customers. For banks, companies exporting digital services have a different credit profile from traditional manufacturers. Their financing requirements involve comparatively lower physical capital needs but greater dependence on customer contracts, human resources, intellectual property and recurring international revenue.
