Foreign trade as a share of GDP rose 11.5% to 117% in Serbia in 2021, according to the National Statistical Office.
Historically, foreign trade as a share of GDP in Serbia reached an all time high of 117% in 2021 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 97.2%, 104% in Croatia, 163% in Hungary and 87.4% in Romania in 2021.
Serbia has been ranked 30th within the group of 152 countries we follow in terms of foreign trade as a share of GDP, 64 places above the position seen 10 years ago.
| Foreign Trade (As % of GDP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Austria | % | 102% | 101% | 105% | 108% | 108% | ||||||||||||||||
| Bosnia and Herzegovina | % | 89.3% | 89.3% | 98.0% | 99.9% | 95.8% | ||||||||||||||||
| Bulgaria | % | 127% | 123% | 130% | 129% | 125% | ||||||||||||||||
| Croatia | % | 91.2% | 92.6% | 97.6% | 99.7% | 102% | ||||||||||||||||
| Czechia | % | 155% | 151% | 151% | 148% | 142% | ||||||||||||||||
| Hungary | % | 167% | 164% | 165% | 163% | 161% | ||||||||||||||||
| Italy | % | 56.4% | 55.4% | 58.6% | 60.3% | 59.9% | ||||||||||||||||
| Moldova | % | 89.3% | 87.6% | 85.6% | 85.9% | 85.9% | ||||||||||||||||
| Montenegro | % | 103% | 104% | 106% | 110% | 109% | ||||||||||||||||
| Poland | % | 92.8% | 97.5% | 101% | 103% | 103% | ||||||||||||||||
| Romania | % | 83.5% | 85.9% | 87.2% | 86.5% | 84.5% | ||||||||||||||||
| Serbia | % | 97.4% | 102% | 108% | 109% | 112% | ||||||||||||||||
| Slovakia | % | 180% | 184% | 188% | 190% | 183% | ||||||||||||||||
| Slovenia | % | 146% | 147% | 157% | 161% | 159% | ||||||||||||||||
| Ukraine | % | 108% | 106% | 104% | 99.2% | 90.5% |
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