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2022
Flag → Flag
Exports $759MRnk 1 / 162
2022
Flag → Flag
Top Product $271MElectricity
2022
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Exports $1.46BRnk 5 / 182
2022
Flag → Flag
Top Product $917MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
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Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
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GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
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 GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
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GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
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GDP PC $7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186
2022
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GDP PC$18,413CURRENT US$
Rnk 56 / 186
2012-2022
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GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186

About

Bosnia and Herzegovina-Croatia Trade: In 2022, Bosnia and Herzegovina exported $759M to Croatia. The main products that Bosnia and Herzegovina exported to Croatia were Electricity ($271M), Iron Cloth ($108M), and Knit Socks and Hosiery ($71.1M). Over the past 5 years the exports of Bosnia and Herzegovina to Croatia have increased at an annualized rate of 148%, from $8.12M in 2017 to $759M in 2022.

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 2022, Croatia exported $1.46B to Bosnia and Herzegovina. The main products that Croatia exported to Bosnia and Herzegovina were Refined Petroleum ($917M), Electricity ($177M), and Knit Socks and Hosiery ($58.5M). Over the past 5 years the exports of Croatia to Bosnia and Herzegovina have increased at an annualized rate of 30.7%,  from $383M in 2017 to $1.46B in 2022.

In 2022, Croatia 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, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $759M to Croatia. The main products exported from Bosnia and Herzegovina to Croatia were Electricity ($271M), Iron Cloth ($108M), and Knit Socks and Hosiery ($71.1M). During the last 5 years the exports of Bosnia and Herzegovina to Croatia have increased at an annualized rate of 148%, from $8.12M in 2017 to $759M in 2022.

In 2017, Croatia exported $1.46B to Bosnia and Herzegovina. The main products exported from Croatia to Bosnia and Herzegovina were Refined Petroleum ($917M), Electricity ($177M), and Knit Socks and Hosiery ($58.5M). During the last 22 years the exports of Croatia to Bosnia and Herzegovina have increased at an annualized rate of 30.7%, from $383M in 1995 to $1.46B in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Croatia Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Croatia
Top DestinationItaly$3.44B

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 2022, countries that imported more from Bosnia and Herzegovina than Croatia included Luxembourg ($53.6M), Syria ($6.5M), and San Marino ($5.06M).

In 2022, countries that imported more from Croatia than Bosnia and Herzegovina included Hungary ($2.65B), Italy ($3.44B), and Slovenia ($2.87B).

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

Comparative Advantage Bosnia and Herzegovina - Croatia

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Croatia in the exports of Metals ($334M), Mineral Products ($331M), and Textiles ($108M).

During 2017, Croatia had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($1.18B), Foodstuffs ($222M), and Machines ($166M).

Potential Exports

Potential Exports

Depth
View
Sort By
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.

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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 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.

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

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