A Study, prepared by the Economic and Commercial Office of the Spanish Embassy in Belgrade, offers an analysis of the panorama of the olive oil market in Serbia. This market includes tariff chapter 15 (fats); more specifically, headings 1509 and 1510. Thus, the study contains details of the tariff subheadings included in the aforementioned chapter.
Original content
The Serbian olive oil market does not have local production, since olives are not grown in the country, so it is nourished almost entirely by imports. There is, however, the presence of a strong and traditional substitute product, which is sunflower oil, which constitutes 95.8% of the volume and 77.5% of the value of the total sales of edible oils in Serbia (2022). 1. On the other hand, the vast majority of olive oil imported into Serbia comes from Italy, followed by Spain and Greece, although with a notable difference, especially in terms of value. The olive oil market in Serbia is relatively small, dependent on imports to meet domestic demand and with a very limited re-export capacity. Therefore, historically Serbia has always been an oil importing country in terms of trade. This causes the country to maintain a negative trade balance in all the analyzed tariff headings, constituting itself, as well as a net importer of olive oil products. Serbia imports just over 8 million ...
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