Foreign trade as a share of GDP reached 109 % in 2018 in Serbia, according to the National Statistical Office. This is 2.31 % less than in the previous year.
Historically, foreign trade as a share of GDP in Serbia reached an all time high of 112 % in 2019 and an all time low of 13.4 % in 1995. When compared to Serbia's main peers, foreign trade as a share of GDP in Bosnia and Herzegovina amounted to 99.2 %, 101 % in Croatia, 163 % in Hungary and 87.1 % in Romania in 2018.
Serbia has been ranked 40th within the group of 163 countries we follow in terms of foreign trade as a share of GDP, 60 places above the position seen 10 years ago.
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.