Bosnia and Herzegovina (BIH) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Bosnia and Herzegovina-Kuwait Trade: In 2023, Bosnia and Herzegovina exported $4.03M to Kuwait. The main products that Bosnia and Herzegovina exported to Kuwait were Sawn Wood ($1.35M), Beauty Products ($807k), and Aluminium Structures ($276k). Over the past 5 years the exports of Bosnia and Herzegovina to Kuwait have increased at an annualized rate of 3.7%, from $3.36M in 2018 to $4.03M in 2023.

In 2023, Bosnia and Herzegovina did not export any services to Kuwait.

Kuwait-Bosnia and Herzegovina Trade: In 2023, Kuwait exported $1.2M to Bosnia and Herzegovina. The main products that Kuwait exported to Bosnia and Herzegovina were Ethylene Polymers ($985k), Refined Petroleum ($131k), and Scarves ($56.4k). Over the past 5 years the exports of Kuwait to Bosnia and Herzegovina have increased at an annualized rate of 13.6%, from $636k in 2018 to $1.2M in 2023.

In 2023, Kuwait 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, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bosnia and Herzegovina exported $4.03M to Kuwait. The main products exported from Bosnia and Herzegovina to Kuwait were Sawn Wood ($1.35M), Beauty Products ($807k), and Aluminium Structures ($276k). During the last 5 years the exports of Bosnia and Herzegovina to Kuwait have increased at an annualized rate of 3.7%, from $3.36M in 2018 to $4.03M in 2023.

In 2018, Kuwait exported $1.2M to Bosnia and Herzegovina. The main products exported from Kuwait to Bosnia and Herzegovina were Ethylene Polymers ($985k), Refined Petroleum ($131k), and Scarves ($56.4k). During the last 5 years the exports of Kuwait to Bosnia and Herzegovina have increased at an annualized rate of 13.6%, from $636k in 2023 to $1.2M in 2018.

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

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

Latest Data

Trade between Bosnia and Herzegovina () and Kuwait ()

Bosnia and Herzegovina Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationGermany$1.48B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Kuwait included Croatia ($1.39B), Serbia ($1.18B), and Austria ($996M).

In 2023, countries that imported more from Kuwait than Bosnia and Herzegovina included China ($17.4B), India ($9.51B), and Japan ($9.13B).

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

Comparative Advantage Bosnia and Herzegovina - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bosnia and Herzegovina had a large net trade with Kuwait in the exports of Wood Products ($1.38M), Chemical Products ($938k), and Metals ($416k).

During 2018, Kuwait had a large net trade with Bosnia and Herzegovina in the exports of Plastics and Rubbers ($985k), Mineral Products ($131k), and Textiles ($73.7k).

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 Kuwait+$534kSawn Wood

Top Product Potential Kuwait Bosnia and Herzegovina+$653kEthylene Polymers

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

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Bosnia and Herzegovina () and Kuwait ()

Bosnia and Herzegovina Exports

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Bosnia and Herzegovina - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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