Flag Bosnia and Herzegovina / Croatia Flag

Exports Flag β†’ Flag  (2018): $912M, Rnk 3 / 150

Top Product Flag β†’ Flag (2018): $184M, Electricity

Exports Flag β†’ Flag (2018): $1.54B, Rnk 4 / 184

Top Product Flag β†’ Flag (2018): $448M, Refined Petroleum

Economic Complexity of Flag (2018): ECI 0.57, Rnk 42 / 137

Economic Complexity of Flag (2018): ECI 0.74, Rnk 37 / 137

GDP Flag (2018): $20.2B, CURRENT US$
Rnk 114 / 196

GDP GROWTH Flag (2008-2018): 5.49%, CURRENT US$
Rnk 155 / 196

GDP Flag (2018): $61B, CURRENT US$
Rnk 76 / 196

GDP GROWTH Flag (2008-2018): -13.3%, CURRENT US$
Rnk 188 / 196

GDP PC Flag (2018): $6,066, CURRENT US$
Rnk 103 / 196

GDP PC GROWTH Flag (2008-2018): 19.1%, CURRENT US$
Rnk 104 / 196

GDP PC Flag (2018): $14,910, CURRENT US$
Rnk 63 / 196

GDP PC GROWTH Flag (2008-2018): -8.58%, CURRENT US$
Rnk 166 / 196

Bosnia and Herzegovina-Croatia: In 2018, Bosnia and Herzegovina exported $912M to Croatia. The main products exported from Bosnia and Herzegovina to Croatia were Electricity ($184M), Raw Aluminium ($109M), and Sawn Wood ($42.3M). During the last 23 years the exports of Bosnia and Herzegovina to Croatia have increased at an annualized rate of 22.8%, from $8.1M in 1995 to $912M in 2018.

Croatia-Bosnia and Herzegovina: In 2018, Croatia exported $1.54B to Bosnia and Herzegovina. The main products exported from Croatia to Bosnia and Herzegovina were Refined Petroleum ($448M), Beer ($38.2M), and Electricity ($37.2M). During the last 23 years the exports of Croatia to Bosnia and Herzegovina have increased at an annualized rate of 6.24%, from $383M in 1995 to $1.54B in 2018.

Comparison: In 2018, Bosnia and Herzegovina ranked 42 in the Economic Complexity Index (ECI 0.57), and 98 in total exports ($7.83B). That same year, Croatia ranked 37 in the Economic Complexity Index (ECI 0.74), and 76 in total exports ($17.8B). In terms of GDP Per Capita, Bosnia and Herzegovina was ranked 103 with a GDP Per Capita of $6,066, and Croatia was ranked 63 with a GDP Per Capita of $14,910.

Bilateral Trade by Products

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Depth
Value

In 2018, Bosnia and Herzegovina exported $912M to Croatia. The main products exported from Bosnia and Herzegovina to Croatia were Electricity ($184M), Raw Aluminium ($109M), and Sawn Wood ($42.3M). During the last 23 years the exports of Bosnia and Herzegovina to Croatia have increased at an annualized rate of 22.8%, from $8.1M in 1995 to $912M in 2018.

In 2018, Croatia exported $1.54B to Bosnia and Herzegovina. The main products exported from Croatia to Bosnia and Herzegovina were Refined Petroleum ($448M), Beer ($38.2M), and Electricity ($37.2M). During the last 23 years the exports of Croatia to Bosnia and Herzegovina have increased at an annualized rate of 6.24%, from $383M in 1995 to $1.54B in 2018.

Market Competitiveness

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Measure

Bosnia and Herzegovina
Top Destination
: Germany, $1.07B

Croatia
Top Destination
: Italy, $2.48B

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 2018, countries that imported more from Bosnia and Herzegovina than Croatia were Turkey ($230M), Serbia ($836M), and Montenegro ($242M).

In 2018, countries that imported more from Croatia than Bosnia and Herzegovina were Italy ($2.48B), Slovenia ($1.89B), and Germany ($2.29B).

Comparative Advantage Bosnia and Herzegovina - Croatia

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Depth

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

During 2018, Bosnia and Herzegovina had a large net trade with Croatia in the exports of Mineral Products ($245M), Metals ($217M), and Wood Products ($73.1M).

During 2018, Croatia had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($564M), Foodstuffs ($238M), and Machines ($145M).

Tariff Section

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This sections shows import tariffs for products traded between Bosnia and Herzegovina and Croatia (using the HS6 product classification and the last year reported).

In 2018, the products from Bosnia and Herzegovina that paid the highest import tariffs to enter Croatia were Grape wines, sparkling (15%) and Grape must, unfermented, except as fruit juice (15%).

In 2017, the products from Croatia that paid the highest import tariffs to enter Bosnia and Herzegovina were Glucose including syrup of 20%-50% dry weight fructos (101%) and Bovine cuts boneless, frozen (73.7%).

Explore Tariff Data

*The tariffs present between Bosnia and Herzegovina and Croatia are:
136: Most Favoured Nation duty rate treatement
220: Preferential tariff for European Union countries (SAA) Stabilisation and Association Agreement

Trade Forecasts

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This section shows a forecast for total trade between Bosnia and Herzegovina and Croatia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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