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Serbia Tariff Rate

Serbia's tariff rate rose to 3.08% in 2021, up from 2.76% in 2018, according to World Bank. This represents an increase of 0.32% from the previous year. Serbia has tariff rate lower than the global median (3.08% vs median 5.90%). Compared with the median in Europe, Serbia is higher (3.08% vs regional median 1.95%) and ranks 7th out of 40 countries in Europe.

Yearly Historical Data (2001-2021)

(in %)
Year Tariff Rate (%)
2021 3.08%
2018 2.76%
2017 2.78%
2016 2.7%
2015 2.67%
2013 7.29%
2011 4.02%
2010 4.65%
2009 5.25%
2008 7.64%
2007 7.56%
2005 8.09%
2002 10.05%
2001 9.13%
Serbia Tariff Rate : Definition
Tariff Rate measures the simple average of the import taxes applied by Serbia on all products, expressed as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $33.04B $30.93B 2024
Annual Imports $42.25B $39.83B 2024
Exports (% GDP) 52.69% 55.08% 2024
FDI Inflows (% GDP) 6.07% 6.9% 2023
Imports (% GDP) 58.77% 59.42% 2024
Net Trade (Goods & Services, BoP) -$3.81B -$7.49B 2023
Trade (% GDP) 111.46% 114.49% 2024