Flag Bosnia and Herzegovina / Serbia Flag

2020
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Exports
: $723M, Rnk 3 / 162

2020
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Top Product
: $76.4M, Coke

2020
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Exports
: $1.37B, Rnk 3 / 170

2020
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Top Product
: $106M, Refined Petroleum

2020
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Economic Complexity (ECI)
: ECI 0.49, Rnk 44 / 127

2020
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Economic Complexity (ECI)
: ECI 0.68, Rnk 37 / 127

2020
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GDP
: $19.9B, CURRENT US$
Rnk 112 / 195

2010-2020
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GDP GROWTH
: 16.1%, CURRENT US$
Rnk 125 / 195

2020
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 GDP
: $53.3B, CURRENT US$
Rnk 86 / 195

2010-2020
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GDP GROWTH
: 27.5%, CURRENT US$
Rnk 101 / 195

2020
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GDP PC 
: $6,080, CURRENT US$
Rnk 95 / 195

2010-2020
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GDP PC GROWTH
: 31.2%, CURRENT US$
Rnk 58 / 195

2020
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GDP PC
: $7,721, CURRENT US$
Rnk 81 / 195

2010-2020
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GDP PC GROWTH
: 34.6%, CURRENT US$
Rnk 49 / 195

Bosnia and Herzegovina-Serbia In 2020, Bosnia and Herzegovina exported $723M to Serbia. The main products that Bosnia and Herzegovina exported to Serbia are Coke ($76.4M), Electricity ($74.5M), and Hot-Rolled Iron Bars ($50.7M). During the last 14 years the exports of Bosnia and Herzegovina to Serbia have increased at an annualized rate of 3.38%, from $454M in 2006 to $723M in 2020.

In 2020, Bosnia and Herzegovina did not export any services to Serbia.

Serbia-Bosnia and Herzegovina In 2020, Serbia exported $1.37B to Bosnia and Herzegovina. The main products that Serbia exported to Bosnia and Herzegovina were Refined Petroleum ($106M), Baked Goods ($38.2M), and Animal Food ($35.4M). During the last 14 years the exports of Serbia to Bosnia and Herzegovina have increased at an annualized rate of 4.26%, from $766M in 2006 to $1.37B in 2020.

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 2020,  Bosnia and Herzegovina ranked 44 in the Economic Complexity Index (ECI 0.49), and 102 in total exports ($6.62B). That same year, Serbia ranked 37 in the Economic Complexity Index (ECI 0.68), and 68 in total exports ($20.6B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Bosnia and Herzegovina exported $723M to Serbia. The main products exported from Bosnia and Herzegovina to Serbia were Coke ($76.4M), Electricity ($74.5M), and Hot-Rolled Iron Bars ($50.7M). During the last 14 years the exports of Bosnia and Herzegovina to Serbia have increased at an annualized rate of 3.38%, from $454M in 2006 to $723M in 2020.

In 2020, Serbia exported $1.37B to Bosnia and Herzegovina. The main products exported from Serbia to Bosnia and Herzegovina were Refined Petroleum ($106M), Baked Goods ($38.2M), and Animal Food ($35.4M). During the last 14 years the exports of Serbia to Bosnia and Herzegovina have increased at an annualized rate of 4.26%, from $766M in 2006 to $1.37B in 2020.

Bosnia and Herzegovina Exports

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Serbia Exports

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Market Competitiveness

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Measure

Bosnia and Herzegovina
Top Destination
: Germany, $938M

Serbia
Top Destination
: Germany, $2.55B

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 2019, countries that imported more from Bosnia and Herzegovina than Serbia were Croatia ($797M), Luxembourg ($41M), and Austria ($600M).

In 2019, countries that imported more from Serbia than Bosnia and Herzegovina were Germany ($2.55B), Romania ($1.29B), and Italy ($1.71B).

Comparative Advantage Bosnia and Herzegovina - Serbia

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Flow

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

During 2020, Bosnia and Herzegovina had a large net trade with Serbia in the exports of Mineral Products ($181M), Metals ($162M), and Wood Products ($63.2M).

During 2020, Serbia had a large net trade with Bosnia and Herzegovina in the exports of Foodstuffs ($277M), Mineral Products ($143M), and Metals ($133M).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.