Serbia

Compare Serbia →

RS · SRB · BACI 688 · latest data 2024

Exports

$34.7B USD, nominal · 2024

= $34,713 M63.2% over 5 yrs (up)

Imports

$39.9B USD, nominal · 2024

= $39,859 M47.6% over 5 yrs (up)

Trade balancedeficit

−$5.1B USD, nominal · 2024

= −$5,146 M

Total trade

$74.6B USD, nominal · 2024

= $74,572 M54.5% over 5 yrs (up)

World position: #67 of 225 exporters · top half · #62 of 225 importers · top half · 2024

Trade timeline

Serbia's exports grew from $6.8B in 2006 to $34.7B in 2024; the 2024 balance was −$5.1B.

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Exports, imports, trade balance and total trade of Serbia per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
2006	$6,817 M	$13,563 M	−$6,746 M	$20,381 M
2007	$9,600 M	$20,034 M	−$10,435 M	$29,634 M
2008	$11,970 M	$24,741 M	−$12,771 M	$36,711 M
2009	$9,047 M	$15,399 M	−$6,352 M	$24,445 M
2010	$10,516 M	$16,047 M	−$5,531 M	$26,563 M
2011	$12,485 M	$20,750 M	−$8,265 M	$33,235 M
2012	$12,024 M	$19,423 M	−$7,398 M	$31,447 M
2013	$15,400 M	$21,264 M	−$5,864 M	$36,664 M
2014	$15,955 M	$20,513 M	−$4,557 M	$36,468 M
2015	$14,763 M	$18,799 M	−$4,035 M	$33,562 M
2016	$16,195 M	$18,657 M	−$2,462 M	$34,852 M
2017	$18,550 M	$21,746 M	−$3,196 M	$40,297 M
2018	$20,497 M	$25,907 M	−$5,410 M	$46,403 M
2019	$21,265 M	$27,002 M	−$5,738 M	$48,267 M
2020	$21,281 M	$26,179 M	−$4,897 M	$47,460 M
2021	$27,413 M	$33,455 M	−$6,042 M	$60,868 M
2022	$31,306 M	$40,155 M	−$8,850 M	$71,461 M
2023	$32,573 M	$38,877 M	−$6,305 M	$71,450 M
2024	$34,713 M	$39,859 M	−$5,146 M	$74,571 M

19 rows

World share & rank

World export share moved from 0.1% in 2006 to 0.2% in 2024; export rank #89 → #67.

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World export and import share in percent, and world ranks, of Serbia per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
2006	0.06%	0.11%	#89	#72
2007	0.07%	0.14%	#82	#68
2008	0.07%	0.15%	#81	#69
2009	0.07%	0.12%	#82	#77
2010	0.07%	0.11%	#82	#78
2011	0.07%	0.12%	#86	#75
2012	0.07%	0.11%	#86	#77
2013	0.08%	0.12%	#78	#77
2014	0.09%	0.11%	#79	#78
2015	0.09%	0.12%	#76	#78
2016	0.10%	0.12%	#73	#76
2017	0.11%	0.12%	#71	#73
2018	0.11%	0.14%	#74	#70
2019	0.11%	0.15%	#72	#69
2020	0.12%	0.15%	#69	#68
2021	0.13%	0.16%	#71	#66
2022	0.13%	0.17%	#70	#65
2023	0.14%	0.17%	#68	#64
2024	0.15%	0.17%	#67	#62

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Trading partners

Germany was Serbia's top trading partner in 2024, at 13.2% of total trade; the top five partners covered 38.2%.

Year

Top partner share: 13.2%
Top-5 share: 38.2%
Partners: 217
Partner HHI (0–1): 0.047

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Germany $5.1B

Hungary $2.2B

China $2.1B

Bosnia Herzegovina $1.8B

Italy $1.7B

Romania $1.6B

Czechia $1.4B

Türkiye $1.2B

Bulgaria $1.1B

Croatia $1.1B

France $1.0B

Poland $1.0B

Russia $962M

Austria $901M

Slovenia $858M

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Top partners of Serbia in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	Germany	$5,072 M	$4,755 M	$9,826 M	$317 M
#2	China	$2,079 M	$4,307 M	$6,386 M	−$2,228 M
#3	Italy	$1,744 M	$2,765 M	$4,510 M	−$1,021 M
#4	Hungary	$2,201 M	$1,958 M	$4,159 M	$243 M
#5	Türkiye	$1,214 M	$2,373 M	$3,587 M	−$1,158 M
#6	Bosnia Herzegovina	$1,789 M	$1,072 M	$2,861 M	$717 M
#7	Romania	$1,647 M	$1,047 M	$2,694 M	$600 M
#8	Poland	$1,008 M	$1,508 M	$2,516 M	−$500 M
#9	Czechia	$1,365 M	$1,044 M	$2,409 M	$321 M
#10	Russia	$962 M	$1,324 M	$2,286 M	−$361 M
#11	Croatia	$1,081 M	$1,128 M	$2,209 M	−$47 M
#12	Bulgaria	$1,134 M	$900 M	$2,035 M	$234 M
#13	France	$1,015 M	$991 M	$2,007 M	$24 M
#14	Slovenia	$858 M	$1,108 M	$1,967 M	−$250 M
#15	Austria	$901 M	$1,026 M	$1,926 M	−$125 M

15 rows

Products & sectors

Product composition of Serbia's trade in 2024.

Year

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Concentration & risk

Serbia's export partners diversified over 2006–2024 — HHI 0.064 → 0.049, a diversified export base across 183 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Serbia per year.
Year	Export HHI	Import HHI	Export partners	Import partners
2006	0.064	0.060	173	192
2007	0.063	0.055	172	189
2008	0.059	0.058	167	197
2009	0.057	0.055	171	187
2010	0.056	0.052	166	187
2011	0.056	0.052	180	186
2012	0.054	0.049	174	195
2013	0.059	0.050	169	190
2014	0.062	0.055	169	189
2015	0.057	0.054	169	195
2016	0.055	0.051	175	196
2017	0.052	0.050	173	203
2018	0.052	0.050	182	198
2019	0.048	0.051	179	198
2020	0.046	0.052	177	177
2021	0.045	0.051	182	203
2022	0.048	0.049	176	201
2023	0.050	0.047	184	206
2024	0.049	0.048	183	213

19 rows

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