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Industry

Serbia reports another good year for defence exports

09 January 2018

During 2017 the Serbian defence industry secured new export orders worth about USD475 million while at the same time finalising export agreements worth about USD390 million, the Serbian Ministry of Defence (MoD) announced at its annual press conference in Belgrade on 29 December.

“This has been a good year and we have issued export licences worth around USD870 million, which is a 24% increase compared to 2016,” said Defence Minister Aleksandar Vulin at the press conference.

While no details were revealed on Serbia’s latest defence exports it is believed that the United Arab Emirates (UAE) remains its key customer with active contracts worth USD220 million still in place, as revealed early in 2017 by the acting assistant minister for material resources in the Serbian MoD, Nenad Miloradovic.

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