Serbia: Merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandise exports)

Key figures

What the numbers say

In 2023, Serbia's merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandise exports) rose 0.2 percentage points on 2022 (from 0.27% to 0.47%).

Across the 16 yearly changes before that (2007 to 2022), the average change was −0 percentage points and a typical year strayed about 0.18 percentage points from that (the standard deviation). This year's change was 1.1 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 0.36 percentage points in 2009 and the biggest yearly fall was 0.28 percentage points in 2011. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains 26% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, Serbia had the 141st highest value of the 196 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Serbia in the 2023 ranking

• St. Lucia — 137th of 196: 0.53%
• Palau — 138th of 196: 0.52%
• Chile — 139th of 196: 0.49%
• Hong Kong SAR, China — 141st of 196: 0.47%
• Kosovo — 142nd of 196: 0.42%
• Trinidad and Tobago — 143rd of 196: 0.42%

What this measures

Merchandise exports to low- and middle-income economies in Sub-Saharan Africa are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Sub-Saharan Africa region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 18 values

Merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandise exports) in nearby economies

• Albania — 0.05% (2023)
• Armenia — 0.00435% (2023)
• Austria — 0.69% (2023)
• Azerbaijan — 0.00585% (2023)
• Belarus — 0.11% (2023)
• Belgium — 2.61% (2023)
• Bosnia and Herzegovina

More private sector & trade data for Serbia

• Merchandise trade (% of GDP) — 84.58% (2025)
• Merchandise imports (current US$) — US$47.23 billion (2025)
• Merchandise exports (current US$) — US$37.31 billion (2025)
• New business density (new registrations per 1,000 people ages 15-64) — 2.12 (2024)
• New businesses registered (number) — 8,788 (2024)
• International tourism, number of arrivals — 446,000 (2020)
• International tourism, receipts (current US$) — US$1.42 billion (2020)
• International tourism, expenditures (current US$) — US$1.18 billion (2020)
• Insurance and financial services (% of commercial service imports) — 1.66% (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Serbia's merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandise exports)?

0.47% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 0.18 percentage points from 0.29% in 2006. The highest value was 0.66% in 2010 and the lowest 0.15% in 2007.

How does Serbia rank?

141st highest of 196 economies with data for 2023.

Is the latest change in merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandise exports) unusual for Serbia?

Source

World Bank, World Development Indicators, indicator TX.VAL.MRCH.R6.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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