Драгица Божић, Марија Николић

DOI Number
First page
Last page


The foreign trade of the Serbian economy is characterized by a large deficit and unfavourable structure. The importance of the agrarian sector in total trade is reflected in the constant positive trade balance and increasing participation, particularly in export. The aim of the paper is to analyze the basic characteristics of foreign trade of Serbia, as well as to point out the importance of the agrarian sector in the period 2005-2014. In the first part of the paper are analyzed trends of export, import, and the level of openness of Serbian economy. In the following part the structure of export and import is discussed, and the concentration index presented, or the Herfindahl-Hirschmann index, as well as the diversification index which indicates the difference between the structure of Serbian export and import and the international average. In addition to these indicators, the revealed comparative advantage index was calculated. The analysis of foreign trade of Serbian overall economy indicates a significant presence of agricultural and food products in its structure, particularly in export, and confirms that the agrarian sector is one of few sectors with a constant surplus. Determined indicators show that the comparative advantage in the overall economy trade of Serbia with the world is achieved in primary products and products of lower processing phase, of which a significant part is from the agrarian sector. Therefore, in the final part of the paper the participation of the agrarian sector in the total foreign trade of Serbia is shown.


foreign trade, foreign trade performance indicators, the index of concentration and diversification, agrarian sector, revealed comparative advantage.

Full Text:

PDF (Cрпски)


Balassa, B. (1965). Trade Liberalisation and “Revealed Comparative Advantage”, The Manchester School of Economic and Social Studies, 33, 99–123.

Beaulieu, E. & Song, Y. (2015). What Dependency Issues? University of Calgary, Vol 8, Issue 3.

Bojnec, Š. & Fertö, I. (2007). Comparative Advantages in Agro-Food Trade of Hungary, Croatia and Slovenia with the European Union. Discussion Paper No. 106, IAMO, Halle, Germany.

Бољановић, С. (2013). Компаративна анализа утицаја страних директних инвестиција на структуру и специјализацију српског и мађарског извоза (A Comparative Analysis of the Impact of Foreign Direct Investments on the Structure and Specialization of Serbian and Hungarian exports), Економске теме, 51 (1), 37–57.

Božić, D., Nikolić, М. (2013-а). Significance and Comparative Advantages of the Agrarian Sector in Serbian Foreign Trade. In Agriculture and Rural Development – Challenges of Transition and Integration Processes, 50th Anniversary of Department of Agricultural Economics, Faculty of Agriculture, University of Belgrade, pp. 13–31.

Božić, D., Nikolić, M. (2013-b). Regional Analysis of Agricultural and Food Trade of Serbia, 135 EAAE Seminar Challenges for the Global Agricultural Trade Regime after Doha, pp. 83–98.

Fertö, I. & Hubbard, J. L. (2002). Revealed Comparative Advantage and Competitiveness in Hungarian Agri-Food Sectors. Institute of Economics Hungarian Academy of Sciences Discussion Papers, 2002/8, Budapest.

Јаћимовић, Д., Бјелић, П., Марковић, И. (2013). Утицај светске економске кризе на међународне инвестиционе и трговинске токове у регион Западног Балкана (The Impact of the World Economic Crisis on Foreign Investments and Trade Flows in the Western Balkans), Економске теме, 51 (1), 1–20.

Jefferson Institute (2003). Конкурентност привреде Србије (Competitiveness of the Serbian Economy).

Liesner, H. H. (1958). The European Common market and British industry. Economic Journal, 68, 270, 302–316.

Olteanu, D. (2009). Technological specialisation of production and export in Europe, National Institute of Economic Research Working Paper 090108.

Републички завод за статистику Србије: База података, РЗС, Београд (Statistical Office of the Republic of Serbia: Databases, SORS, Belgrade).

Тешић, Ј. (2013). Отвореност и конкурентност малих транзиционих привреда (Openness to Trade and Competitiveness of Small Transitional Economies), Acta Economica, година XI, бр 18, 317–336.


United Nations Conference for Trade and Development, UNCTAD’s Trade Analysis and Information System – TRAINS Database

World Bank,

World Bank, World Integrated Trade Solution Database,

World Economic Forum (2015). Global Competitiveness Report 2015–2016, Geneva.



  • There are currently no refbacks.

© University of Niš, Serbia
Creative Commons licence CC BY-NC-ND
Print ISSN: 0353-7919
Online ISSN: 1820-7804