Serbia: Merchandise imports by the reporting economy, residual (% of total merchandise imports)

Key figures

What the numbers say

In 2023, Serbia's merchandise imports by the reporting economy, residual (% of total merchandise imports) rose 0 percentage points on 2022 (from 0.00215% to 0.00339%).

Across the 16 yearly changes before that (2007 to 2022), the average change was −0 percentage points and a typical year strayed about 0.14 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 0.39 percentage points in 2020 and the biggest yearly fall was 0.39 percentage points in 2021. 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 3% 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 60th highest value of the 205 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

• Korea, Dem. People's Rep. — 56th of 205: 0.00364%
• Moldova — 57th of 205: 0.00352%
• Guinea-Bissau — 58th of 205: 0.00341%
• Antigua and Barbuda — 60th of 205: 0.00314%
• Rwanda — 61st of 205: 0.00312%
• Canada — 62nd of 205: 0.00303%

What this measures

Merchandise imports by the reporting economy residuals are the total merchandise imports by the reporting economy from the rest of the world as reported in the IMF's Direction of trade database, less the sum of imports by the reporting economy from high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise imports by the economy.

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

All 18 values

Merchandise imports by the reporting economy, residual (% of total merchandise imports) in nearby economies

• Albania — 0.000351% (2023)
• Armenia — 0.00000882% (2023)
• Austria — 0.000536% (2023)
• Azerbaijan — 0.0000104% (2023)
• Belarus — 0.00000371% (2023)
• Belgium — 0.00434% (2023)
• Bosnia and Herzegovina — 0.00101% (2023)
• Bulgaria

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
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Questions people ask

What is Serbia's merchandise imports by the reporting economy, residual (% of total merchandise imports)?

0.00339% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 0.000431 percentage points from 0.00296% in 2006. The highest value was 0.39% in 2020 and the lowest 0.0000337% in 2015.

How does Serbia rank?

60th highest of 205 economies with data for 2023.

Is the latest change in merchandise imports by the reporting economy, residual (% of total merchandise imports) unusual for Serbia?

In 2023, Serbia's merchandise imports by the reporting economy, residual (% of total merchandise imports) rose 0 percentage points on 2022 (from 0.00215% to 0.00339%). Across the 16 yearly changes before that (2007 to 2022), the average change was −0 percentage points and a typical year strayed about 0.14 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator TM.VAL.MRCH.RS.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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