exports of goods

Serbia’s manufacturing exports show strong resilience despite weak Eurozone growth

Despite slow economic growth in the eurozone—0.4% in 2023 and 0.9% in 2024, with Germany even contracting—Serbia’s exports of goods continued to grow, rising 3.7% in 2023 and accelerating to 6.5% in 2024. In the second half of 2024, export growth reached 10.2% year-on-year. Aleksandar Tomin, Assistant Director General for Macroeconomic Analysis at the National Bank of Serbia (NBS), highlighted that the manufacturing industry has been the backbone of export resilience. Over the past decade, excluding the pandemic year, manufacturing…