Serbian defence industry sees big increase in sales

The Serbian government has said that the country’s defence industry exported firearms and ammunition worth a total of 897 million US dollars in 2018.

The figure represents a massive increase on 2017, when defence sector exports totalled 570 million US dollars.

According to a government official, Serbia’s 10 state-owned factories did particularly well, increasing production by 13.9 per cent in 2018.

The United Arab Emirates was Serbia’s biggest customer, followed by Saudi Arabia and the United States. Bulgaria, Romania, Belgium, Cyprus and Germany also bought Serbian arms.