Forest based industry, as an important part of the Serbian economy, has a relatively high share in GDP (1.24%) and industrial production (3.63%). This segment of the economy, based on domestic raw materials, maintained a constant positive foreign trade balance since the World War II.
Today, there are 2,365 companies engaged in wood processing. The majority of them produce sawn wood
(1,491) and furniture (402). Most companies are privately owned (about 96%). There has been little foreign
investment in this sector (only about 2% of all companies have foreign capital. The industry is dominated by small enterprises (98%) which predominately deal with sawn wood production, joinery manufacturing, and production of packaging and veneer.

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