According to resources, the total export to Serbia from India reached an estimated revenue of more than $156 Million by the year 2022.
Trade agreements have also been signed between both the countries in order to support exports.
Organic chemicals, Machinery, and Vehicles are the major exported products from India to Serbia at the present moment.
| US$ Million | 2019 | 2020 | 2021 |
| India Export to Serbia | 156 | 158 | 156 |
| India Import to Serbia | 7 | 15 | 16 |
| Total Trade | 163 | 173 | 172 |
The E-commerce market in Serbia has reached $887 Million in 2022 with a growth rate of 22.16% and is expected to reach approx $1.61 Billion by 2025.
The main reason behind the eCommerce growth is the Internet penetration rate in Serbia which has reached 79%.
So, itβs a good scope for Indian exporters and sellers to grab the Serbia market whether through offline channels or online selling platforms & marketplaces in Serbia.
Useful resources