Serbia Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
Serbia's trade balance was $-4.1B in 2025, ranked 140th globally. This represents a 0.5% decrease from 2024. Data from World Bank, covering 1995–2025.
Overview
Serbia's trade balance stood at $-4.1B in 2025, a decline of +$19.3M from 2024. Based on recent trends, this figure is projected to reach $-4.1B by 2025. Serbia ranked 140th globally.
Serbia's trade balance has experienced significant fluctuations since 1995, with the latest value standing at -4,125,472,162.42. The country's trade deficit peaked in 2000 at -338,711,235.02, indicating a relatively stable economic period during that time. Conversely, the global financial crisis led to a record trade deficit in 2008, reaching -11,372,467,630.35, a stark contrast to the peak in 2000. Despite improvements, Serbia's trade balance remains a concern, ranking 140th globally in 2025. Peer countries such as Namibia, with a trade deficit of -4,089,527,314.16, and Bosnia and Herzegovina, with -4,126,023,045.82, share similar challenges. The trade balance trend in Serbia is likely to be influenced by the country's integration into regional and global markets. A significant improvement in trade relations with the European Union, coupled with investments in manufacturing and export-oriented sectors, could potentially alter the trajectory of Serbia's trade balance in the coming years.
Data & projection
| Year | Trade Balance | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $-3.6B | - | - |
| 2026* trend | $-3.9B | - | - |
| 2025* trend | $-4.1B | - | - |
| 2025 | $-4.1B | −$19.3M | #140 |
| 2024 | $-4.1B | −$573.6M | #34 |
| 2023 | $-3.5B | +$3.4B | #38 |
| 2022 | $-7.0B | −$1.9B | #34 |
| 2021 | $-5.1B | −$535.1M | #29 |
| 2020 | $-4.5B | +$667.0M | #31 |
| 2019 | $-5.2B | −$859.9M | #26 |
| 2018 | $-4.3B | −$1.4B | #33 |
| 2017 | $-3.0B | −$957.2M | #36 |
| 2016 | $-2.0B | +$771.0M | #55 |
| 2015 | $-2.8B | +$1.0B | #47 |
| 2014 | $-3.8B | +$175.7M | #35 |
| 2013 | $-4.0B | +$2.0B | #35 |
| 2012 | $-6.0B | +$339.0M | #23 |
| 2011 | $-6.3B | −$1.2B | #24 |
Detected Pattern
Analysis
Serbia matched the Stagflation Risk pattern in 2011. Historically, 38% of countries showing this pattern (117 out of 307) saw trade balance improve within 24 months. View full analysis →
Frequently Asked Questions
Serbia's trade balance was $-4.1B in 2025. Ranked 140th globally. This represents a 0.5% decrease from the previous year.
Serbia's trade balance peaked at $-338.7M in 2000.
The lowest trade balance in Serbia was $-11.4B in 2008.
Serbia ranks 140th globally in trade balance as of 2025.
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
Serbia's trade balance is projected to reach $-4.1B by 2025 based on trend extrapolation.
The trade balance of Serbia in 2025 was $-4.1B. This ranks 140th in the world.
Cite this page
@misc{historysaid_serbia_trade-balance,
title = {Serbia Trade Balance},
url = {https://historysaid.com/serbia/trade-balance/},
publisher = {HistorySaid},
year = {2026}
}