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Pricing

2023
Flag → Flag
Exports $3.59MRnk 65 / 159
2023
Flag → Flag
Top Product $3.02MExplosive Ammunition
2023
Flag → Flag
Exports $143kRnk 133 / 159
2023
Flag → Flag
Top Product $76.9kCoconuts, Brazil Nuts, and Cashews
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC $8,639CURRENT US$
Rnk 91 / 195
2013-2023
Flag
GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195
2023
Flag
GDP PC$1,597CURRENT US$
Rnk 164 / 196
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

Bosnia and Herzegovina-Nigeria Trade: In 2023, Bosnia and Herzegovina exported $3.59M to Nigeria. The main products that Bosnia and Herzegovina exported to Nigeria were Explosive Ammunition ($3.02M), Weapons Parts and Accessories ($221k), and Motor vehicles; parts and accessories (8701 to 8705) ($177k). Over the past 5 years the exports of Bosnia and Herzegovina to Nigeria have increased at an annualized rate of 9.92%, from $2.24M in 2018 to $3.59M in 2023.

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

Nigeria-Bosnia and Herzegovina Trade: In 2023, Nigeria exported $143k to Bosnia and Herzegovina. The main products that Nigeria exported to Bosnia and Herzegovina were Coconuts, Brazil Nuts, and Cashews ($76.9k), Perfume Plants ($41.6k), and Spices ($19.8k). Over the past 5 years the exports of Nigeria to Bosnia and Herzegovina have decreased at an annualized rate of 12.9%,  from $431k in 2018 to $143k in 2023.

In 2023, Nigeria 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, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $3.59M to Nigeria. The main products exported from Bosnia and Herzegovina to Nigeria were Explosive Ammunition ($3.02M), Weapons Parts and Accessories ($221k), and Motor vehicles; parts and accessories (8701 to 8705) ($177k). During the last 5 years the exports of Bosnia and Herzegovina to Nigeria have increased at an annualized rate of 9.92%, from $2.24M in 2018 to $3.59M in 2023.

In 2018, Nigeria exported $143k to Bosnia and Herzegovina. The main products exported from Nigeria to Bosnia and Herzegovina were Coconuts, Brazil Nuts, and Cashews ($76.9k), Perfume Plants ($41.6k), and Spices ($19.8k). During the last 5 years the exports of Nigeria to Bosnia and Herzegovina have decreased at an annualized rate of 12.9%, from $431k in 2023 to $143k in 2018.

Exports from Bosnia and Herzegovina (Flag) to Nigeria (Flag) (2023)

Exports from Nigeria (Flag) to Bosnia and Herzegovina (Flag) (2023)

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationGermany$1.48B
Nigeria
Top DestinationUnited States$6.29B

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

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

In 2023, countries that imported more from Nigeria than Bosnia and Herzegovina included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

Difference in imports from Nigeria (Flag) and Bosnia and Herzegovina (Flag) (2023)

Comparative Advantage Bosnia and Herzegovina - Nigeria

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Nigeria in the exports of Weapons ($3.24M), Transportation ($218k), and Machines ($118k).

During 2018, Nigeria had a large net trade with Bosnia and Herzegovina in the exports of Vegetable Products ($138k), Textiles ($2.21k), and Animal Hides ($2.05k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Nigeria+$550kMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Nigeria Bosnia and Herzegovina+$83.4kCoconuts, Brazil Nuts, and Cashews

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 Nigeria. This means that a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Bosnia and Herzegovina.

Product Space of Bosnia and Herzegovina (Flag) and Nigeria (Flag) (2023)

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