, 1995 - 2020:
For that indicator, we provide data for Serbia from 1995 to 2020. The average value for Serbia during that period was -11.33 percent with a minimum of -23.96 percent in 2004 and a maximum of -3.06 percent in 1995.
The latest value from 2020 is -8.9 percent. For comparison, the world average in 2020 based on 139
countries is -5.58 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The trade balance for Serbia and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).