Importance of the industrial production sector and Serbia's inclusion in global value chains

The share of industrial production in GDP has expressed accelerated decrease for several last decades, while at the same time sector services gains an ever-increasing role modern society. A general impression is that process deindustrialization unavoidable global phenomenon. However, fact seems to be neglected historical observations indicate as pillar longstanding development and progress, its overcoming stages crisis crucial importance, just showed episode COVID-19 pandemic. cannot observed out context international trade, which acknowledge express final purpose investments, since they ensure possible national market limits, achievement economies scale relatively short time, most importantly - access technologies. value chains, i.e. fragmentation based on division labour, presents a revolutionary, phenomenon, provided chance every country get included into according comparative advantages. Serbia takes part chains owing geographic position, respectful human resources/professional staff, infrastructure, openness; however, implied question quality participation what can done achieve better results. Can we regard hub where products are assembled or there considerable added created our factories? This paper offers overview subsectors with highest inclusion well analysis their exports, output gross trends, parameters efficiency investment profitable subsectors. Identifying areas low important diagnostic tool decision makers challenge regards adequate allocation resources leading increased profitability investments exports. Finally, present developments ICT recognized valuable Serbia, having mind increasing GDP, significance forthcoming digitalization Industry 4.0.