Bosnia and Herzegovina (BIH) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Bosnia and Herzegovina-Austria Trade: In 2023, Bosnia and Herzegovina exported $996M to Austria. The main products that Bosnia and Herzegovina exported to Austria were Insulated Wire ($129M), Electric Motor Parts ($90.4M), and Iron Structures ($55.6M). Over the past 5 years the exports of Bosnia and Herzegovina to Austria have increased at an annualized rate of 7.93%, from $680M in 2018 to $996M in 2023.

In 2019, Bosnia and Herzegovina exported services to Austria worth $107M, with Transportation ($55.9M), Travel ($46M), and Communications services ($4.7M) being the largest in terms of value.

Austria-Bosnia and Herzegovina Trade: In 2023, Austria exported $570M to Bosnia and Herzegovina. The main products that Austria exported to Bosnia and Herzegovina were Electric Motor Parts ($44.3M), Copper Wire ($42.2M), and Iron Pipe Fittings ($20.7M). Over the past 5 years the exports of Austria to Bosnia and Herzegovina have increased at an annualized rate of 6.27%, from $420M in 2018 to $570M in 2023.

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

Comparison: In 2023, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bosnia and Herzegovina exported $996M to Austria. The main products exported from Bosnia and Herzegovina to Austria were Insulated Wire ($129M), Electric Motor Parts ($90.4M), and Iron Structures ($55.6M). During the last 5 years the exports of Bosnia and Herzegovina to Austria have increased at an annualized rate of 7.93%, from $680M in 2018 to $996M in 2023.

In 2018, Austria exported $570M to Bosnia and Herzegovina. The main products exported from Austria to Bosnia and Herzegovina were Electric Motor Parts ($44.3M), Copper Wire ($42.2M), and Iron Pipe Fittings ($20.7M). During the last 5 years the exports of Austria to Bosnia and Herzegovina have increased at an annualized rate of 6.27%, from $420M in 2023 to $570M in 2018.

Exports from Bosnia and Herzegovina () to Austria () (2023)

Exports from Austria () to Bosnia and Herzegovina () (2023)

Latest Data

Trade between Bosnia and Herzegovina () and Austria ()

Bosnia and Herzegovina Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationGermany$1.48B

Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Austria included Serbia ($1.18B), Montenegro ($283M), and Republic of the Congo ($4.52M).

In 2023, countries that imported more from Austria than Bosnia and Herzegovina included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

Difference in imports from Austria () and Bosnia and Herzegovina () (2023)

Comparative Advantage Bosnia and Herzegovina - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bosnia and Herzegovina had a large net trade with Austria in the exports of Machines ($419M), Metals ($220M), and Transportation ($71.3M).

During 2018, Austria had a large net trade with Bosnia and Herzegovina in the exports of Metals ($149M), Machines ($138M), and Foodstuffs ($37.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bosnia and Herzegovina Austria+$4.78MOther Furniture

Top Product Potential Austria Bosnia and Herzegovina+$5.58MPackaged 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bosnia and Herzegovina () to Austria () (2023)

Exports from Austria () to Bosnia and Herzegovina () (2023)

Latest Data

Trade between Bosnia and Herzegovina () and Austria ()

Bosnia and Herzegovina Exports

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Bosnia and Herzegovina () (2023)

Comparative Advantage Bosnia and Herzegovina - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bosnia and Herzegovina () and Austria () (2023)

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