For the first time trade between Italy and Serbia exceeded the 4 billion euro mark last year, the Italian foreign ministry said on Friday.
The consolidated data on foreign trade released by the Serbian Statistical institute showed that trade between Italy and Serbia amounted to 4.03 billion euros in 2018, the ministry said.
Italy is Serbia’s main export country and second largest important trading partner. In 2018, Italian exports to Serbia were up 4.7%, pushing Italy’s share Serbian foreign trade to 10.4%, while Serbian exports to Italy remained substantially unchanged.
Overall, trade between the two countries has remained roughly in balance, with a slight advantage for Italy, the ministry stated.
"Even though forecasts in recent months gave us reason to be optimistic, the consolidated data have confirmed the increase in trade between Italy and Serbia, with further margins for growth," said Italy's ambassador to Serbia, Carlo Lo Cascio.
"This also testifies to the maturity and strength of the economic partnership between the two countries”.
