2022
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GDP
$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH
42.4%CURRENT US$
Rnk 81 / 186
2022
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 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
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GDP PC 
$7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH
61.8%CURRENT US$
Rnk 25 / 186
2022
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GDP PC
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

Bosnia and Herzegovina-Azerbaijan In 2022, Bosnia and Herzegovina exported $2.14M to Azerbaijan. The main products that Bosnia and Herzegovina exported to Azerbaijan are Sports Equipment ($994k), Packaged Medicaments ($241k), and Refined Petroleum ($160k). During the last 24 years the exports of Bosnia and Herzegovina to Azerbaijan have increased at an annualized rate of 38.8%, from $812 in 1998 to $2.14M in 2022.

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

Azerbaijan-Bosnia and Herzegovina 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). During the last 24 years the exports of Azerbaijan to Bosnia and Herzegovina have increased at an annualized rate of 32.7%, from $3.29k in 1998 to $2.93M in 2022.

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

Comparison In 2022,  Bosnia and Herzegovina ranked 36 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B). That same year, Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 24 years the exports of Bosnia and Herzegovina to Azerbaijan have increased at an annualized rate of 38.8%, from $812 in 1998 to $2.14M in 2022.

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 21 years the exports of Azerbaijan to Bosnia and Herzegovina have increased at an annualized rate of 32.7%, from $3.29k in 2001 to $2.93M in 2022.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Azerbaijan Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top Destination
Croatia$1.47B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2021, countries that imported more from Bosnia and Herzegovina than Azerbaijan were Serbia ($1.35B), Austria ($942M), and Germany ($1.46B).

In 2021, countries that imported more from Azerbaijan than Bosnia and Herzegovina were Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Bosnia and Herzegovina - Azerbaijan

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Azerbaijan in the exports of Miscellaneous ($1.03M), Chemical Products ($376k), and Mineral Products ($160k).

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).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Bosnia and Herzegovina has comparative advantage over Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Bosnia and Herzegovina.

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

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