Bosnia and Herzegovina (BIH) and Croatia (HRV) Trade | The Observatory of Economic Complexity

About

Bosnia and Herzegovina-Croatia Trade: In 2023, Bosnia and Herzegovina exported $1.39B to Croatia. The main products that Bosnia and Herzegovina exported to Croatia were Electricity ($261M), Insulated Wire ($71.8M), and Iron Cloth ($59.4M). Over the past 5 years the exports of Bosnia and Herzegovina to Croatia have increased at an annualized rate of 9.01%, from $901M in 2018 to $1.39B in 2023.

In 2019, Bosnia and Herzegovina exported services to Croatia worth $220M, with Travel ($158M), Transportation ($57.5M), and Communications services ($4.37M) being the largest in terms of value.

Croatia-Bosnia and Herzegovina Trade: In 2023, Croatia exported $1.3B to Bosnia and Herzegovina. The main products that Croatia exported to Bosnia and Herzegovina were Refined Petroleum ($273M), Electricity ($78.5M), and Cement ($38.3M). Over the past 5 years the exports of Croatia to Bosnia and Herzegovina have increased at an annualized rate of 1.53%, from $1.2B in 2018 to $1.3B in 2023.

In 2023, Croatia 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, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bosnia and Herzegovina exported $1.39B to Croatia. The main products exported from Bosnia and Herzegovina to Croatia were Electricity ($261M), Insulated Wire ($71.8M), and Iron Cloth ($59.4M). During the last 5 years the exports of Bosnia and Herzegovina to Croatia have increased at an annualized rate of 9.01%, from $901M in 2018 to $1.39B in 2023.

In 2018, Croatia exported $1.3B to Bosnia and Herzegovina. The main products exported from Croatia to Bosnia and Herzegovina were Refined Petroleum ($273M), Electricity ($78.5M), and Cement ($38.3M). During the last 5 years the exports of Croatia to Bosnia and Herzegovina have increased at an annualized rate of 1.53%, from $1.2B in 2023 to $1.3B in 2018.

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

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

Latest Data

Trade between Bosnia and Herzegovina () and Croatia ()

Bosnia and Herzegovina Exports

Date

Croatia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationGermany$1.48B

Croatia
Top DestinationItaly$3.05B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Croatia included Serbia ($1.18B), Namibia ($8.71M), and Uganda ($6.06M).

In 2023, countries that imported more from Croatia than Bosnia and Herzegovina included Italy ($3.05B), Slovenia ($2.45B), and Germany ($2.58B).

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

Comparative Advantage Bosnia and Herzegovina - Croatia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bosnia and Herzegovina had a large net trade with Croatia in the exports of Mineral Products ($320M), Metals ($242M), and Machines ($151M).

During 2018, Croatia had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($410M), Foodstuffs ($221M), and Machines ($94.8M).

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 Croatia+$2.86MRefined Petroleum

Top Product Potential Croatia Bosnia and Herzegovina+$5.08MPackaged 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Bosnia and Herzegovina () and Croatia ()

Bosnia and Herzegovina Exports

Croatia Exports

Market Competitiveness

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

Comparative Advantage Bosnia and Herzegovina - Croatia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring