2023
Flag  
GDP
$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH
51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC 
$8,639CURRENT US$
Rnk 91 / 195
2013-2023
Flag
GDP PC GROWTH
71.6%CURRENT US$
Rnk 23 / 195
2023
Flag
GDP PC
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Bosnia and Herzegovina-Singapore Trade: In 2023, Bosnia and Herzegovina exported $7.11M to Singapore. The main products that Bosnia and Herzegovina exported to Singapore were Gas Turbines ($2.04M), Centrifuges ($977k), and Rolled Tobacco ($724k). Over the past 5 years the exports of Bosnia and Herzegovina to Singapore have increased at an annualized rate of 7.23%, from $5.01M in 2018 to $7.11M in 2023.

In 2019, Bosnia and Herzegovina exported services to Singapore worth $224k, with Transportation ($224k) being the largest in terms of value.

Singapore-Bosnia and Herzegovina Trade: In 2023, Singapore exported $6.6M to Bosnia and Herzegovina. The main products that Singapore exported to Bosnia and Herzegovina were Packaged Medicaments ($2.43M), Orthopedic Appliances ($790k), and Saturated Acyclic Monocarboxylic Acids ($489k). Over the past 5 years the exports of Singapore to Bosnia and Herzegovina have increased at an annualized rate of 0.67%,  from $6.25M in 2018 to $6.6M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $7.11M to Singapore. The main products exported from Bosnia and Herzegovina to Singapore were Gas Turbines ($2.04M), Centrifuges ($977k), and Rolled Tobacco ($724k). During the last 5 years the exports of Bosnia and Herzegovina to Singapore have increased at an annualized rate of 7.23%, from $5.01M in 2018 to $7.11M in 2023.

In 2018, Singapore exported $6.6M to Bosnia and Herzegovina. The main products exported from Singapore to Bosnia and Herzegovina were Packaged Medicaments ($2.43M), Orthopedic Appliances ($790k), and Saturated Acyclic Monocarboxylic Acids ($489k). During the last 5 years the exports of Singapore to Bosnia and Herzegovina have increased at an annualized rate of 0.67%, from $6.25M in 2023 to $6.6M in 2018.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Singapore Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top Destination
Germany$1.48B
Singapore
Top Destination
Hong Kong$44.5B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Singapore included Croatia ($1.39B), Serbia ($1.18B), and Slovenia ($825M).

In 2023, countries that imported more from Singapore than Bosnia and Herzegovina included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Comparative Advantage Bosnia and Herzegovina - Singapore

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Singapore in the exports of Machines ($4.01M), Foodstuffs ($724k), and Miscellaneous ($607k).

During 2018, Singapore had a large net trade with Bosnia and Herzegovina in the exports of Chemical Products ($3.16M), Instruments ($1.68M), and Machines ($1.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Singapore+$944kCentrifuges
Top Product Potential Singapore Bosnia and Herzegovina+$2.77MPackaged 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 Singapore. This means that a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Bosnia and Herzegovina.

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

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