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Pricing

2022
Flag → Flag
Exports $1.07BRnk 4 / 162
2022
Flag → Flag
Top Product $244MRaw Aluminium
2022
Flag → Flag
Exports $1.26BRnk 61 / 221
2022
Flag → Flag
Top Product $154MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
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$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Bosnia and Herzegovina-Italy Trade: In 2022, Bosnia and Herzegovina exported $1.07B to Italy. The main products that Bosnia and Herzegovina exported to Italy were Raw Aluminium ($244M), Leather Footwear ($55.8M), and Footwear Parts ($52.1M). Over the past 5 years the exports of Bosnia and Herzegovina to Italy have increased at an annualized rate of 6.32%, from $790M in 2017 to $1.07B in 2022.

In 2019, Bosnia and Herzegovina exported services to Italy worth $113M, with Travel ($56.4M), Transportation ($56.1M), and Personal, cultural, and recreational services ($112k) being the largest in terms of value.

Italy-Bosnia and Herzegovina Trade: In 2022, Italy exported $1.26B to Bosnia and Herzegovina. The main products that Italy exported to Bosnia and Herzegovina were Refined Petroleum ($154M), Footwear Parts ($64M), and Copper Wire ($53.9M). Over the past 5 years the exports of Italy to Bosnia and Herzegovina have increased at an annualized rate of 4.37%,  from $937M in 2017 to $1.26B in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $1.07B to Italy. The main products exported from Bosnia and Herzegovina to Italy were Raw Aluminium ($244M), Leather Footwear ($55.8M), and Footwear Parts ($52.1M). During the last 5 years the exports of Bosnia and Herzegovina to Italy have increased at an annualized rate of 6.32%, from $790M in 2017 to $1.07B in 2022.

In 2017, Italy exported $1.26B to Bosnia and Herzegovina. The main products exported from Italy to Bosnia and Herzegovina were Refined Petroleum ($154M), Footwear Parts ($64M), and Copper Wire ($53.9M). During the last 5 years the exports of Italy to Bosnia and Herzegovina have increased at an annualized rate of 4.37%, from $937M in 2022 to $1.26B in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Italy Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Italy
Top DestinationGermany$78.5B

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

In 2022, no countries were registered that imported more from Bosnia and Herzegovina than from Italy.

In 2022, countries that imported more from Italy than Bosnia and Herzegovina included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Bosnia and Herzegovina - Italy

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Italy in the exports of Metals ($372M), Footwear and Headwear ($166M), and Chemical Products ($115M).

During 2017, Italy had a large net trade with Bosnia and Herzegovina in the exports of Metals ($266M), Mineral Products ($163M), and Machines ($148M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Italy+$14.7MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Italy Bosnia and Herzegovina+$18.6MPackaged 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 Italy. This means that a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Bosnia and Herzegovina.

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

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