Recently, the application o f multi-criteria decision-making methods in the evaluation and selection o f trade performance has been very challenging. Because in this way more precise evaluations o f trade performance are obtained compared to the classic methodology. Bearing that in mind, this study comparatively analyzes the trade performance positioning o f the countries o f the European Union and Serbia using the DIBR and CODAS methods. The obtained empirical results indicate that German trade is in first place. The other top five countries include France, Italy, Poland, and Spain. So, the leading countries o f the European Union in terms o f trade performance are at the very top. Trade Croatia is in the twenty-seventh place. In twenty-eighth place is the trade o f Slovenia. Trade Croatia is better positioned than trade Slovenia. As ^ far as the trade o f Serbia is concerned, it is positioned in the twenty-sixth place. It is in a better position than the trade between Croatia and Slovenia. It is in a very bad position about the trade o f the leading countries o f the European Union. To improve the performance positioning o f Serbian trade, it is necessary to take relevant measures. The target performance positioning o f the trade o f the countries o f the European Union and Serbia can be achieved, among other things, by managing the number and size o f companies as effectively as possible, human resources, added value, employee costs, profit, sales, and increasing labor productivity. To that end, effective control o f other relevant factors is necessary.