Impact of COVID-19 pandemic on international trade flows in Serbia

Jovičić, Elena and Zdravković, Aleksandar (2023) Impact of COVID-19 pandemic on international trade flows in Serbia. In: European economies after COVID-19: challenges and implications for the macroeconomic policy. Institute of Economic Sciences, Belgrade, pp. 114-143. ISBN 978-86-89465-75-4

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Abstract

The COVID-19 pandemic has had an impact on the global business environment, and these consequences have been heterogeneous across countries. This work contributes to the scarce literature that has been published considering the COVID-19 pandemic’s impacts on Serbian foreign trade. We analyzed the structure of Serbian imports and exports over the period 2019-2020, with a particular focus on the manufacturing sector being the most significant contributor to the Serbian international trade flows. The analysis shows that the structure of Serbian imports and exports, after the initial volatility following the outbreak of the pandemic in 2021, has stabilized and remained resilient to the impact of the COVID-19 pandemic, with very few exemptions.

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