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Pricing

2022
Flag → Flag
Exports $2.93MRnk 64 / 141
2022
Flag → Flag
Top Product $2.75MRefined Petroleum
2022
Flag → Flag
Exports $2.14MRnk 79 / 162
2022
Flag → Flag
Top Product $994kSports Equipment
2022
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Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
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 GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
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GDP PC $7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186
2022
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GDP PC$7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186

About

Azerbaijan-Bosnia and Herzegovina Trade: In 2022, Azerbaijan exported $2.93M to Bosnia and Herzegovina. The main products that Azerbaijan exported to Bosnia and Herzegovina were Refined Petroleum ($2.75M), Raw Aluminium ($138k), and Plastic Pipes ($40.6k). Over the past 5 years the exports of Azerbaijan to Bosnia and Herzegovina have increased at an annualized rate of 156%, from $26.9k in 2017 to $2.93M in 2022.

In 2022, Azerbaijan did not export any services to Bosnia and Herzegovina.

Bosnia and Herzegovina-Azerbaijan Trade: In 2022, Bosnia and Herzegovina exported $2.14M to Azerbaijan. The main products that Bosnia and Herzegovina exported to Azerbaijan were Sports Equipment ($994k), Packaged Medicaments ($241k), and Refined Petroleum ($160k). Over the past 5 years the exports of Bosnia and Herzegovina to Azerbaijan have increased at an annualized rate of 20.5%,  from $841k in 2017 to $2.14M in 2022.

In 2022, Bosnia and Herzegovina did not export any services to Azerbaijan.

Comparison: In 2022,  Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). That same year, Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Azerbaijan exported $2.93M to Bosnia and Herzegovina. The main products exported from Azerbaijan to Bosnia and Herzegovina were Refined Petroleum ($2.75M), Raw Aluminium ($138k), and Plastic Pipes ($40.6k). During the last 5 years the exports of Azerbaijan to Bosnia and Herzegovina have increased at an annualized rate of 156%, from $26.9k in 2017 to $2.93M in 2022.

In 2017, Bosnia and Herzegovina exported $2.14M to Azerbaijan. The main products exported from Bosnia and Herzegovina to Azerbaijan were Sports Equipment ($994k), Packaged Medicaments ($241k), and Refined Petroleum ($160k). During the last 5 years the exports of Bosnia and Herzegovina to Azerbaijan have increased at an annualized rate of 20.5%, from $841k in 2022 to $2.14M in 2017.

Exports from Azerbaijan (Flag) to Bosnia and Herzegovina (Flag) (2022)

Exports from Bosnia and Herzegovina (Flag) to Azerbaijan (Flag) (2022)

Latest Data

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

Azerbaijan Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2022, countries that imported more from Azerbaijan than Bosnia and Herzegovina included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

In 2022, countries that imported more from Bosnia and Herzegovina than Azerbaijan included Serbia ($1.35B), Austria ($942M), and Germany ($1.46B).

Difference in imports from Bosnia and Herzegovina (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - Bosnia and Herzegovina

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($2.75M), Metals ($147k), and Plastics and Rubbers ($40.6k).

During 2017, Bosnia and Herzegovina had a large net trade with Azerbaijan in the exports of Miscellaneous ($1.03M), Chemical Products ($376k), and Mineral Products ($160k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Bosnia and Herzegovina+$2.17MRefined Petroleum
Top Product Potential Bosnia and Herzegovina Azerbaijan+$341kPackaged Medicaments

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 Azerbaijan and Bosnia and Herzegovina. This means that a dot/product with the flag of Azerbaijan 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 Azerbaijan.

Product Space of Azerbaijan (Flag) and Bosnia and Herzegovina (Flag) (2022)

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