For the first time ever Fiat’s export drops to below half a billion

According to the data released by the Ministry of Finance, Fiat Automobili Srbija (FAS) has exported from Serbia vehicles worth EUR 471.4 million to Europe and North America in the first half of this year.

Although, FAS remains the biggest exporter in Serbia for the sixth consecutive year, the export value has dropped relative to previous years.

Just like last year, Fiat occupies the first place on the list of the biggest export companies in Serbia, followed by Heesteel (the former Zelezara Smederevo – Smederevo Ironworks) with EUR 123 million which is 44% higher than in the same period last year. Unlike Hesteel, the export of the Kragujevac-based car plant continues to drop and its half-year exports now stand under half a billion euros.

In the first half of 2017, Fiat exported cars worth EUR 562.2 million, which is also much less than in the past years, resulting in the fact that, last year, for the first time since 2013, the exports amounted to under EUR 1 billion, i.e. a EUR 150 million drop.

Judging by the current volume of exports, this year’s exports will amount to far less than EUR 1 billion, which used to be the standard until last year. This continues the trend of the decline of exports of Fiat 500L in foreign markets.

Apparently, not even the redesigned Fiat 500L, launched on 25th May, 2017, was able to boost the exports of FAS this and last year, primarily in the American market.

FAS had the best export results in 2013, when generated foreign currency revenues of EUR 1.53 billion, and a year later, Fiat’s exports amounted to EUR 1.36 billion. In 2015, the exports amounted to EUR 1.18 billion, and in 2016, they stood at EUR 1.07 billion.

Last year, however, saw an even bigger drop in exports, which amounted to only EUR 850 million.

(Danas, 18.07.2018)


This post is also available in: Italiano

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