Bosnia and Herzegovina (BIH) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Bosnia and Herzegovina-Serbia In 2022, Bosnia and Herzegovina exported $1.35B to Serbia. The main products that Bosnia and Herzegovina exported to Serbia are Electricity ($234M), Coke ($234M), and Hot-Rolled Iron Bars ($97.9M). During the last 16 years the exports of Bosnia and Herzegovina to Serbia have increased at an annualized rate of 7.03%, from $454M in 2006 to $1.35B in 2022.

In 2022, Bosnia and Herzegovina did not export any services to Serbia.

Serbia-Bosnia and Herzegovina In 2022, Serbia exported $2.14B to Bosnia and Herzegovina. The main products that Serbia exported to Bosnia and Herzegovina were Refined Petroleum ($267M), Electricity ($97.6M), and Hot-Rolled Iron ($58.7M). During the last 16 years the exports of Serbia to Bosnia and Herzegovina have increased at an annualized rate of 6.63%, from $765M in 2006 to $2.14B in 2022.

In 2009, Serbia exported services to Bosnia and Herzegovina worth $150M, with Other business services ($38.3M), Construction services ($38M), and Travel ($23.4M) being the largest in terms of value.

Comparison In 2022, Bosnia and Herzegovina ranked 36 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bosnia and Herzegovina exported $1.35B to Serbia. The main products exported from Bosnia and Herzegovina to Serbia were Electricity ($234M), Coke ($234M), and Hot-Rolled Iron Bars ($97.9M). During the last 16 years the exports of Bosnia and Herzegovina to Serbia have increased at an annualized rate of 7.03%, from $454M in 2006 to $1.35B in 2022.

In 2022, Serbia exported $2.14B to Bosnia and Herzegovina. The main products exported from Serbia to Bosnia and Herzegovina were Refined Petroleum ($267M), Electricity ($97.6M), and Hot-Rolled Iron ($58.7M). During the last 16 years the exports of Serbia to Bosnia and Herzegovina have increased at an annualized rate of 6.63%, from $765M in 2006 to $2.14B in 2022.

Exports from Bosnia and Herzegovina () to Serbia () (2022)

Exports from Serbia () to Bosnia and Herzegovina () (2022)

Latest Data

Trade between Bosnia and Herzegovina () and Serbia ()

Bosnia and Herzegovina Exports

Date

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

Serbia
Top DestinationGermany$4B

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

In 2021, countries that imported more from Bosnia and Herzegovina than Serbia were Croatia ($1.47B), Austria ($942M), and Luxembourg ($53.6M).

In 2021, countries that imported more from Serbia than Bosnia and Herzegovina were Germany ($4B), Hungary ($1.69B), and China ($1.3B).

Difference in imports from Serbia () and Bosnia and Herzegovina () (2022)

Comparative Advantage Bosnia and Herzegovina - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bosnia and Herzegovina had a large net trade with Serbia in the exports of Mineral Products ($570M), Metals ($276M), and Wood Products ($98.3M).

During 2022, Serbia had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($410M), Foodstuffs ($334M), and Metals ($286M).

Service Trade

Bilateral Service Trade

Srb Year

In 2009, Serbia exported services to Bosnia and Herzegovina worth $150M, with Other business services ($38.3M), Construction services ($38M), and Travel ($23.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia () to Bosnia and Herzegovina () (2009)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Bosnia and Herzegovina has comparative advantage over Serbia. Similarly, the more yellow a dot/product is, the more Serbia has comparative advantage over Bosnia and Herzegovina.

About

Historical Data

Bilateral Trade by Products

Exports from Bosnia and Herzegovina () to Serbia () (2022)

Exports from Serbia () to Bosnia and Herzegovina () (2022)

Latest Data

Trade between Bosnia and Herzegovina () and Serbia ()

Bosnia and Herzegovina Exports

Serbia Exports

Market Competitiveness

Difference in imports from Serbia () and Bosnia and Herzegovina () (2022)

Comparative Advantage Bosnia and Herzegovina - Serbia

Service Trade

Bilateral Service Trade

Services Exports from Serbia () to Bosnia and Herzegovina () (2009)

Economic Complexity

Competitive Landscape

Product Space of Bosnia and Herzegovina () and Serbia () (2022)

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