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2023
Flag → Flag
Exports $36.1MRnk 21 / 126
2023
Flag → Flag
Top Product $7.41MPetroleum Coke
2023
Flag → Flag
Exports $24.3MRnk 31 / 159
2023
Flag → Flag
Top Product $7.67MSawn Wood
2023
Flag
Economic Complexity (ECI) ECI -0.33Rnk 77 / 132
2023
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Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag  
GDP$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
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GDP GROWTH84.3%CURRENT US$
Rnk 29 / 195
2023
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 GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
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GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
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GDP PC $8,575CURRENT US$
Rnk 93 / 195
2013-2023
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GDP PC GROWTH94.3%CURRENT US$
Rnk 10 / 195
2023
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GDP PC$8,639CURRENT US$
Rnk 91 / 196
2013-2023
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GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195

About

Albania-Bosnia and Herzegovina Trade: In 2023, Albania exported $36.1M to Bosnia and Herzegovina. The main products that Albania exported to Bosnia and Herzegovina were Petroleum Coke ($7.41M), Footwear Parts ($5.28M), and Tomatoes ($4.49M). Over the past 5 years the exports of Albania to Bosnia and Herzegovina have increased at an annualized rate of 15.1%, from $17.9M in 2018 to $36.1M in 2023.

In 2023, Albania did not export any services to Bosnia and Herzegovina.

Bosnia and Herzegovina-Albania Trade: In 2023, Bosnia and Herzegovina exported $24.3M to Albania. The main products that Bosnia and Herzegovina exported to Albania were Sawn Wood ($7.67M), Packaged Medicaments ($1.78M), and Milk ($1.28M). Over the past 5 years the exports of Bosnia and Herzegovina to Albania have increased at an annualized rate of 6.94%,  from $17.4M in 2018 to $24.3M in 2023.

In 2023, Bosnia and Herzegovina did not export any services to Albania.

Comparison: In 2023,  Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B). That same year, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Albania exported $36.1M to Bosnia and Herzegovina. The main products exported from Albania to Bosnia and Herzegovina were Petroleum Coke ($7.41M), Footwear Parts ($5.28M), and Tomatoes ($4.49M). During the last 5 years the exports of Albania to Bosnia and Herzegovina have increased at an annualized rate of 15.1%, from $17.9M in 2018 to $36.1M in 2023.

In 2018, Bosnia and Herzegovina exported $24.3M to Albania. The main products exported from Bosnia and Herzegovina to Albania were Sawn Wood ($7.67M), Packaged Medicaments ($1.78M), and Milk ($1.28M). During the last 5 years the exports of Bosnia and Herzegovina to Albania have increased at an annualized rate of 6.94%, from $17.4M in 2023 to $24.3M in 2018.

Exports from Albania (Flag) to Bosnia and Herzegovina (Flag) (2023)

Exports from Bosnia and Herzegovina (Flag) to Albania (Flag) (2023)

Latest Data

Trade between Albania (Flag) and Bosnia and Herzegovina (Flag)

Albania Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Albania
Top DestinationItaly$1.72B
Bosnia and Herzegovina
Top DestinationGermany$1.48B

This map shows whether countries import more from Albania or Bosnia and Herzegovina. Each country is colored based on the difference in imports they receive from Albania and Bosnia and Herzegovina or the difference in the growth in imports.

In 2023, countries that imported more from Albania than Bosnia and Herzegovina included Italy ($1.72B), Greece ($409M), and Spain ($207M).

In 2023, countries that imported more from Bosnia and Herzegovina than Albania included Croatia ($1.39B), Germany ($1.48B), and Serbia ($1.18B).

Difference in imports from Bosnia and Herzegovina (Flag) and Albania (Flag) (2023)

Comparative Advantage Albania - Bosnia and Herzegovina

Flow
Scale

This chart compares trade between Albania and Bosnia and Herzegovina by product, considering products traded by both, Albania and Bosnia and Herzegovina.

During 2023, Albania had a large net trade with Bosnia and Herzegovina in the exports of Vegetable Products ($15.4M), Mineral Products ($8.28M), and Footwear and Headwear ($6.25M).

During 2018, Bosnia and Herzegovina had a large net trade with Albania in the exports of Wood Products ($8.78M), Foodstuffs ($2.41M), and Chemical Products ($2.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Bosnia and Herzegovina+$634kLeather Footwear
Top Product Potential Bosnia and Herzegovina Albania+$490kIron Structures

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Albania and Bosnia and Herzegovina. This means that a dot/product with the flag of Albania indicates it has a comparative advantage over Bosnia and Herzegovina. Similarly, a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Albania.

Product Space of Albania (Flag) and Bosnia and Herzegovina (Flag) (2023)

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