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Pricing

2022
Flag → Flag
Exports $32.9MRnk 30 / 162
2022
Flag → Flag
Top Product $4.08MInsulated Wire
2022
Flag → Flag
Exports $99.2MRnk 61 / 206
2022
Flag → Flag
Top Product $7.68MBaked Goods
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC $7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Bosnia and Herzegovina-Bulgaria Trade: In 2022, Bosnia and Herzegovina exported $32.9M to Bulgaria. The main products that Bosnia and Herzegovina exported to Bulgaria were Insulated Wire ($4.08M), Scrap Copper ($3.64M), and Other Inorganic Acids Salts ($2.02M). Over the past 5 years the exports of Bosnia and Herzegovina to Bulgaria have decreased at an annualized rate of 6.66%, from $46.4M in 2017 to $32.9M in 2022.

In 2019, Bosnia and Herzegovina exported services to Bulgaria worth $8.17M, with Travel ($6.27M), Transportation ($1.68M), and Personal, cultural, and recreational services ($112k) being the largest in terms of value.

Bulgaria-Bosnia and Herzegovina Trade: In 2022, Bulgaria exported $99.2M to Bosnia and Herzegovina. The main products that Bulgaria exported to Bosnia and Herzegovina were Baked Goods ($7.68M), Float Glass ($6.46M), and Seats ($4.36M). Over the past 5 years the exports of Bulgaria to Bosnia and Herzegovina have increased at an annualized rate of 2.4%,  from $86M in 2017 to $99.2M in 2022.

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

Comparison: In 2022,  Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $32.9M to Bulgaria. The main products exported from Bosnia and Herzegovina to Bulgaria were Insulated Wire ($4.08M), Scrap Copper ($3.64M), and Other Inorganic Acids Salts ($2.02M). During the last 5 years the exports of Bosnia and Herzegovina to Bulgaria have decreased at an annualized rate of 6.66%, from $46.4M in 2017 to $32.9M in 2022.

In 2017, Bulgaria exported $99.2M to Bosnia and Herzegovina. The main products exported from Bulgaria to Bosnia and Herzegovina were Baked Goods ($7.68M), Float Glass ($6.46M), and Seats ($4.36M). During the last 5 years the exports of Bulgaria to Bosnia and Herzegovina have increased at an annualized rate of 2.4%, from $86M in 2022 to $99.2M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Bulgaria Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Bulgaria included Croatia ($1.47B), Montenegro ($306M), and Slovenia ($811M).

In 2022, countries that imported more from Bulgaria than Bosnia and Herzegovina included Romania ($6.55B), Germany ($6.91B), and Greece ($2.93B).

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

Comparative Advantage Bosnia and Herzegovina - Bulgaria

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Bulgaria in the exports of Metals ($7.51M), Machines ($7.03M), and Chemical Products ($4.13M).

During 2017, Bulgaria had a large net trade with Bosnia and Herzegovina in the exports of Miscellaneous ($16.1M), Foodstuffs ($15.6M), and Metals ($14M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Bulgaria+$2.58MInsulated Wire
Top Product Potential Bulgaria Bosnia and Herzegovina+$5.54MRefined Petroleum

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 Bosnia and Herzegovina and Bulgaria. This means that a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Bulgaria. Similarly, a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Bosnia and Herzegovina.

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

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