In recent years, Serbia has made great economic and political progress. The economy has recorded a good, stable development of 4-5% annually. Also in 2020, Serbia was able to maintain its economy and avoid a recession. The country’s exports have also grown tremendously in the last 10 years (2021-2020) – about 100% growth.

Serbia is a potential EU accession candidate. Nevertheless, the country is actively building relations with key world players such as the EU, USA, China and Russia. Serbia is also actively engaged in deepening and strengthening trade relations within the Balkans – it has launched an initiative for the creation of the “mini-Schengen” in the Balkans called “Open Balkan”. This has so far also been supported by North Macedonia and Albania.

As far as the trade relations between Serbia and Switzerland are concerned, the export and import turnover of these countries are somewhat modest (CHF 381 million in exports from Switzerland and CHF 252 million in imports), but they show good development. Swiss exports are mainly medical and pharmaceutical products, gold bars and plates and sector-specific machinery. Swiss imports from Serbia account for 85% of industrial products and 14% of agricultural and food products.