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Pricing

2023
Flag → Flag
Exports $461kRnk 102 / 159
2023
Flag → Flag
Top Product $339kExplosive Ammunition
2023
Flag → Flag
Exports $6.28kRnk 65 / 92
2023
Flag → Flag
Top Product $6.28kLow-voltage Protection Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag  
GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 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$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195

About

Bosnia and Herzegovina-Somalia Trade: In 2023, Bosnia and Herzegovina exported $461k to Somalia. The main products that Bosnia and Herzegovina exported to Somalia were Explosive Ammunition ($339k), Packaged Medicaments ($99.4k), and Cleaning Products ($17.3k). Over the past 7 years the exports of Bosnia and Herzegovina to Somalia have increased at an annualized rate of 38.6%, from $46.9k in 2016 to $461k in 2023.

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

Somalia-Bosnia and Herzegovina Trade: In 2023, Somalia exported $6.28k to Bosnia and Herzegovina. The main products that Somalia exported to Bosnia and Herzegovina were Low-voltage Protection Equipment ($6.28k). Over the past 7 years the exports of Somalia to Bosnia and Herzegovina have increased at an annualized rate of 187%,  from $32 in 2016 to $6.28k in 2023.

In 2023, Somalia 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, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $461k to Somalia. The main products exported from Bosnia and Herzegovina to Somalia were Explosive Ammunition ($339k), Packaged Medicaments ($99.4k), and Cleaning Products ($17.3k). During the last 7 years the exports of Bosnia and Herzegovina to Somalia have increased at an annualized rate of 38.6%, from $46.9k in 2016 to $461k in 2023.

In 2018, Somalia exported $6.28k to Bosnia and Herzegovina. The main products exported from Somalia to Bosnia and Herzegovina were Low-voltage Protection Equipment ($6.28k). During the last 5 years the exports of Somalia to Bosnia and Herzegovina have increased at an annualized rate of 187%, from $32 in 2023 to $6.28k in 2018.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationGermany$1.48B
Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Bosnia and Herzegovina than Somalia included Germany ($1.48B), Croatia ($1.39B), and Serbia ($1.18B).

In 2023, countries that imported more from Somalia than Bosnia and Herzegovina included United Arab Emirates ($360M), Saudi Arabia ($283M), and Oman ($180M).

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

Comparative Advantage Bosnia and Herzegovina - Somalia

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Somalia in the exports of Weapons ($339k), Chemical Products ($118k), and Foodstuffs ($3.34k).

During 2018, Somalia had a large net trade with Bosnia and Herzegovina in the exports of Machines ($6.28k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Somalia+$79.3kPackaged Medicaments
Top Product Potential Somalia Bosnia and Herzegovina+$1.76kTransmissions

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

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

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