The total gross value added (GVA) generated by the textile industry was 397.5 million EUR in 2020, which is 1.0% of the total GVA of the country and 0.9% of Serbia’s GDP. Observed by activities, 219.4 million EUR was created by the manufacture of wearing apparel (55.2%) and 110.5 million EUR by the manufacture of textiles (27.8%). From 2016 to 2020, the GVA share of the textile industry in total GVA and GDP of the Republic of Serbia shows a downward trend.
Export of textile products in 2021 amounted to 1.3 billion EUR which is 6.0% of total export but despite the negative effects caused by the pandemic, export of these products are around 0.7% higher than 2019 (pre-pandemic level). The textile industry is hiring 61.9 thousand workers (2.8% of total employment) while the most are employed in the manufacture of wearing apparel (36.2 thousand). In the textile industry in 2021 was operating 1.9 thousand active companies and 6.2 thousand entrepreneurs which is in total nearly 8.1 thousand.