The British Serbian Chamber of Commerce (BSCC) was delighted to support and attend the British Chamber of Commerce Trade Conference on March 20th in London. At this event, we had the honor of presenting Serbia alongside Dubai, Hong Kong, and Slovenia as project countries. Serbia was represented by Predrag Nikolic, Advisor to the President of the Chamber of Commerce and Industry of Serbia and General Director of the Center for Digital Transformation (CDT), and Lord Ranger of Northwood, Chair of the BSCC. A key highlight of the conference was the Foreign Secretary's address, in which he announced the creation of the new Trade Relationship Diplomatic Advisory Hub within the British Chambers. This Hub will provide UK SMEs across the country with valuable geopolitical advice and support, in collaboration with DBT growth services.

Trade and investment between the United Kingdom (UK) and Serbia have been on the rise, reflecting a mutual commitment to strengthening economic relations. This growing partnership offers promising opportunities for businesses, investors, and various industries in both countries.​

Trade Statistics:

Total trade in goods and services (exports plus imports) between the UK and Serbia was £1.1 billion in the four quarters to the end of Q3 2024, an increase of 13.0% or £121 million in current prices from the four quarters to the end of Q3 2023. Of this £1.1 billion:

Total UK exports to Serbia amounted to £500 million in the four quarters to the end of Q3 2024 (an increase of 22.0% or £90 million in current prices, compared to the four quarters to the end of Q3 2023)

 Total UK imports from Serbia amounted to £554 million in the four quarters to the end of Q3 2024 (an increase of 5.9% or £31 million in current prices, compared to the four quarters to the end of Q3 2023). 

Serbia was the UK’s 87th largest trading partner in the four quarters to the end of Q3 2024 accounting for 0.1% of total UK trade.1 In 2023, the outward stock of foreign direct investment (FDI) from the UK in Serbia was £225 million, 16.5% or £45 million lower than in 2022. In 2023, Serbia accounted for less than 0.1% of the total UK outward FDI stock. In 2023, the inward stock of foreign direct investment (FDI) in the UK from Serbia was £252 million, 13.0% or £38 million lower than in 2022. In 2023, Serbia accounted for less than 0.1% of the total UK inward FDI stock.

We would like to express our sincere gratitude to our sponsors. Without their generous support, this conference and reception would not have been possible. A heartfelt thank you to all of our sponsors for making this event a success.

Our sponsors include:

Serbian Chamber of Commerce

Chamber of Commerce and Industry of Vojvodina 

Telekom Srbija

OMR Group

British Motors

Paysend

Factory World Wide

BEE IT

We would also like to extend special thanks to His Excellency Goran Aleksić, Ambassador of Serbia to the United Kingdom, and the Serbian Embassy for their invaluable support.