2021
Flag  
GDP
$23.6BCURRENT US$
Rnk 110 / 204
2011-2021
Flag
GDP GROWTH
26.8%CURRENT US$
Rnk 99 / 204
2021
Flag
 GDP
$63.1BCURRENT US$
Rnk 83 / 204
2011-2021
Flag
GDP GROWTH
28.1%CURRENT US$
Rnk 98 / 204
2021
Flag
GDP PC 
$7,230CURRENT US$
Rnk 102 / 204
2011-2021
Flag
GDP PC GROWTH
45.2%CURRENT US$
Rnk 37 / 204
2021
Flag
GDP PC
$9,230CURRENT US$
Rnk 91 / 204
2011-2021
Flag
GDP PC GROWTH
35.6%CURRENT US$
Rnk 53 / 204

About

Bosnia and Herzegovina-Serbia In 2021, Bosnia and Herzegovina exported $1.1B to Serbia. The main products that Bosnia and Herzegovina exported to Serbia are Coke ($159M), Electricity ($150M), and Hot-Rolled Iron Bars ($92.6M). During the last 15 years the exports of Bosnia and Herzegovina to Serbia have increased at an annualized rate of 6.05%, from $454M in 2006 to $1.1B in 2021.

In 2021, Bosnia and Herzegovina did not export any services to Serbia.

Serbia-Bosnia and Herzegovina In 2021, Serbia exported $1.83B to Bosnia and Herzegovina. The main products that Serbia exported to Bosnia and Herzegovina were Refined Petroleum ($236M), Hot-Rolled Iron ($53.7M), and Baked Goods ($40.6M). During the last 15 years the exports of Serbia to Bosnia and Herzegovina have increased at an annualized rate of 6%, from $766M in 2006 to $1.83B in 2021.

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 2021,  Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.65), and 97 in total exports ($9.57B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.74), and 70 in total exports ($26.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Bosnia and Herzegovina exported $1.1B to Serbia. The main products exported from Bosnia and Herzegovina to Serbia were Coke ($159M), Electricity ($150M), and Hot-Rolled Iron Bars ($92.6M). During the last 15 years the exports of Bosnia and Herzegovina to Serbia have increased at an annualized rate of 6.05%, from $454M in 2006 to $1.1B in 2021.

In 2021, Serbia exported $1.83B to Bosnia and Herzegovina. The main products exported from Serbia to Bosnia and Herzegovina were Refined Petroleum ($236M), Hot-Rolled Iron ($53.7M), and Baked Goods ($40.6M). During the last 15 years the exports of Serbia to Bosnia and Herzegovina have increased at an annualized rate of 6%, from $766M in 2006 to $1.83B in 2021.

Exports from Bosnia and Herzegovina (Flag) to Serbia (Flag) (2021)

Exports from Serbia (Flag) to Bosnia and Herzegovina (Flag) (2021)

Latest Data

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

Bosnia and Herzegovina Exports

Serbia Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top Destination
Italy$1.4B
Serbia
Top Destination
Germany$3.27B

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 ($1.14B), Luxembourg ($50.5M), and Austria ($800M).

In 2021, countries that imported more from Serbia than Bosnia and Herzegovina were Germany ($3.27B), Romania ($1.43B), and Hungary ($1.33B).

Difference in imports from Serbia (Flag) and Bosnia and Herzegovina (Flag) (2021)

Comparative Advantage Bosnia and Herzegovina - Serbia

Flow
Scale

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

During 2021, Bosnia and Herzegovina had a large net trade with Serbia in the exports of Mineral Products ($350M), Metals ($249M), and Wood Products ($87.9M).

During 2021, Serbia had a large net trade with Bosnia and Herzegovina in the exports of Foodstuffs ($319M), Mineral Products ($282M), and Metals ($246M).

Service Trade

Bilateral Service Trade

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 (Flag) to Bosnia and Herzegovina (Flag) (2009)

Economic Complexity

Competitive Landscape

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.

Product Space of Bosnia and Herzegovina (Flag) and Serbia (Flag) (2021)

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