Role and Significance of Agriculture and Food Industry Exporting in the Development of Serbia

Abstract

This paper analyzes agriculture and food industry as key sectors of export in Serbia. The goal of the research is to point to the role and the significance of export of agriculture and food industry in the development of Serbia. The results show that the development strategy of Serbia must be based on the increase of export of agricultural and food products (more intense production) and the change of production structure in accordance with demand (especially with the demand for environmentally safe foods), with a higher level of finalization, in order to increase competitiveness and add value. Published data of the Statistical Office of the Republic of Serbia was used in the paper, and the charts represent the derivatives the authors prepared based on these original data. Research period included 2000 to 2015. The goal of the research of role and significance of export of agriculture and food industry in the development of Serbia was achieved by application of descriptive and comparative analysis, using statistical and mathematical method – linear trend of export and import of economy and agricultural and food products.