Third, it is also a fact that Serbian export of goods and services increased from EUR 11.5 bn in 2012 to EUR 28.6 bn in 2021, i.e. by 150% over the span of nine years. At the same time, export to import cover ratio rose by around 20 pp, to 86.4%.
Because of all of this, we shall not change the policies that yield results. In the long run, export is stimulated in the way Serbia has been doing it for years already – through stability, building of export capacities and integration into global production and service chains. (slide 9) The fifth and the last topic relates to our expectations for the coming period. 1.