Merchandise trade (% of GDP) — all countries

Merchandise trade (% of GDP) — Serbia

Merchandise trade (% of GDP) in Serbia in 2025 — 84.58%. Ranked 40 in the world out of 189. Since 2006, the indicator has risen by 25.72 pp.

2025 84.58% +2.63 pp vs 2024
World rank 40of 189
Period maximum 105.08%2022
Period minimum 51.95%2009

Trend over time

2006–2025 · % of GDP

Merchandise trade (% of GDP) — Serbia, 2006–2025406080100120200620082010201220142016201820202022202420252006: 58.86%2007: 62.35%2008: 65.11%2009: 51.95%2010: 60.94%2011: 61.74%2012: 66.86%2013: 69.68%2014: 72.17%2015: 75.68%2016: 80.8%2017: 84.7%2018: 85.45%2019: 86.07%2020: 81.85%2021: 89.72%2022: 105.08%2023: 87%2024: 81.95%2025: 84.58%
Change over the period: +25.72 pp Annual average: 1.35 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Serbia

Serbia 84.58%
World 43.89%
Southern Europe computed 57.41%
Merchandise trade (% of GDP) — Serbia, by year Serbia All countries CSV XLSX
Year % Change, pp
2025 84.58 +2.63 pp
2024 81.95 −5.05 pp
2023 87 −18.08 pp
2022 105.08 +15.36 pp
2021 89.72 +7.88 pp
2020 81.85 −4.22 pp
2019 86.07 +0.61 pp
2018 85.45 +0.75 pp
2017 84.7 +3.9 pp
2016 80.8 +5.13 pp
2015 75.68 +3.51 pp
2014 72.17 +2.49 pp
2013 69.68 +2.82 pp
2012 66.86 +5.12 pp
2011 61.74 +0.8 pp
2010 60.94 +8.99 pp
2009 51.95 −13.16 pp
2008 65.11 +2.76 pp
2007 62.35 +3.49 pp
2006 58.86

About the indicator

The sum of exports and imports of goods as a percent of GDP. It differs from trade openness in that services are not counted here, and the difference between the two indicators is exactly what shows the weight of services in a country's foreign trade. The highest values come not from large exporters but from transshipment economies — Singapore, Hong Kong, Luxembourg — where goods are brought in to be sent out again, and both flows are counted in full.

Important: Goods only. The value can exceed 100% of GDP: exports and imports are counted at the full value of the goods while GDP is counted as value added, so in transshipment economies the values run to several hundred percent.

Source: World Development Indicators (World Bank), license CC BY 4.0.