Characteristic industry

Automotive industry (with Fiat Chrysler Automobiles as a forebearer) is dominated by cluster located in Kragujevac and its vicinity, and contributes to export with about $2 billion. Country is a leading steel producer in the wider region of Southeast Europe and had production of nearly 2 million tonnes of raw steel in 2018, coming entirely from Smederevo steel mill, owned by the Chinese Hesteel. 

Serbia's mining industry is comparatively strong: Serbia is the 18th largest producer of coal (7th in the Europe) extracted from large deposits in Kolubara and Kostolac basins; it is also world's 23rd largest (3rd in Europe) producer of copper which is extracted by Zijin Bor Copper, a large copper mining company, acquired by Chinese Zijin Mining in 2018; significant gold extraction is developed around Majdanpek. 

Serbia notably manufactures intel smartphones named Tesla smartphones.

Food industry is well known both regionally and internationally and is one of the strong points of the economy. Some of the international brand-names established production in Serbia: PepsiCo and Nestle in food-processing sector; Coca-Cola (Belgrade), Heineken (Novi Sad) and Carlsberg (Backa Palanka) in beverage industry; Nordzucker in sugar industry.

Serbia's electronics industry had its peak in the 1980s and the industry today is only a third of what it was back then, but has witnessed a something of revival in last decade with investments of companies such as Siemens (wind turbines) in Subotica, Panasonic (lighting devices) in Svilajnac, and Gorenje (electrical home appliances) in Valjevo. 

The pharmaceutical industry in Serbia comprises a dozen manufacturers of generic drugs, of which Hemofarm in Vrsac and Galenika in Belgrade, account for 80% of production volume. Domestic production meets over 60% of the local demand.