geopolitical tensions

Geopolitical Tensions Highlight Serbia’s Dependency on Imported Pharmaceuticals

Rising geopolitical instability is reshaping Serbia's economic risk profile, revealing a significant vulnerability in the country's heavy reliance on imported pharmaceuticals. This sector has emerged as the second-largest component of Serbia's imports, following oil, with a trade deficit exceeding €1.16 billion. Despite its importance, the issue has received limited public attention, even as global tensions, particularly in the Middle East, raise concerns about supply chain disruptions. The structural nature of this dependency is evident in Serbia's import-export dynamics. The country…