galenika

Serbia’s Pharmaceutical Exports Reach €925 Million as Trade Deficit Widens

Serbia’s pharmaceutical and medical-products sector recorded €925.1 million in exports in 2025, but imports of approximately €2.58 billion resulted in a €1.65 billion trade deficit, according to the Chamber of Commerce and Industry of Serbia (PKS). Exports covered just 35.9% of imports, highlighting the challenge of increasing domestic production and value added. Investment continues, with Germany’s STADA approving an additional €20 million to expand manufacturing capacity at Hemofarm’s Vršac complex. The key question is whether new investment will increase output…