Figures released by the Serbian Chamber of Commerce this week revealed the country's textile, footwear and leather export market grew 35 per cent in 2001 to $310 million.

Trade officials added that the industry's output grew five per cent year-on-year in 2001 and that the industry now employs nearly 120,000 people.

However, they warned major investment was needed if the industry - hit hard by civil war during the 90s - was to return to its heyday of the late 80s when exports totalled $500m.