EU investors use Serbia to export to Russia

Serbian products still have reliable customers in Russia. The export of domestic goods to Russia in the first nine months of last year was 13% higher compared to the same period in 2022 and amounted to nearly one billion dollars (924.5 million USD).

At the beginning of this year, Serbian companies will have new opportunities to contract new business and increase sales in Russia, as 15 of them will participate in the Prodexpo trade fair in Moscow in 2024, and these include dairy, frozen and processed fruits and vegetables and mushroom producers, as well as confectionary companies and producers of freshly squeezed fruit juices and pasta.

Russia ranks fourth among the top countries that Serbia trades with, with only Germany, China and Italy ahead of it.

Russia and Serbia have signed a Free Trade Agreement for about 99% of goods that they mutually import and export. Director of the Serbian Chamber of Commerce office in the Russian Federation, Dejan Delic, says that looking at the top ten leading Serbian exporters to the Russian Federation, nine of these companies have been set up as a result of direct investments of the EU-based companies in our country.

Fresh apples are still among the most sought-after Serbian products in the Russian market, although they recorded a drop of 23% compared to 2021. Women’s tights, washing and cleaning products, household chemicals, medication, as well as animal nutrition, which recorded a 38% export growth, also have a significant share in exports. The export of domestic appliances tripled compared to 2021. Russia also imports wooden furniture, dairy products, cheese and milk-based spreads, but also underwear, work and protective shoes and clothes from Serbia.

(eKapija, 02.01.2024)

This post is also available in: Italiano

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