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2022
Flag → Flag
Exports $63.5MRnk 20 / 162
2022
Flag → Flag
Top Product $14.2MSeats
2022
Flag → Flag
Exports $46.6MRnk 82 / 217
2022
Flag → Flag
Top Product $8.7MCars
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
GDP PC $7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Bosnia and Herzegovina-Sweden Trade: In 2022, Bosnia and Herzegovina exported $63.5M to Sweden. The main products that Bosnia and Herzegovina exported to Sweden were Seats ($14.2M), Other Furniture ($8.9M), and Leather Footwear ($5.14M). Over the past 5 years the exports of Bosnia and Herzegovina to Sweden have increased at an annualized rate of 263%, from $101k in 2017 to $63.5M in 2022.

In 2019, Bosnia and Herzegovina exported services to Sweden worth $15.8M, with Travel ($13.7M) and Transportation ($2.13M) being the largest in terms of value.

Sweden-Bosnia and Herzegovina Trade: In 2022, Sweden exported $46.6M to Bosnia and Herzegovina. The main products that Sweden exported to Bosnia and Herzegovina were Cars ($8.7M), Sulfate Chemical Woodpulp ($3.48M), and Nitrogenous Fertilizers ($3.42M). Over the past 5 years the exports of Sweden to Bosnia and Herzegovina have increased at an annualized rate of 129%,  from $746k in 2017 to $46.6M in 2022.

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

Comparison: In 2022,  Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $63.5M to Sweden. The main products exported from Bosnia and Herzegovina to Sweden were Seats ($14.2M), Other Furniture ($8.9M), and Leather Footwear ($5.14M). During the last 5 years the exports of Bosnia and Herzegovina to Sweden have increased at an annualized rate of 263%, from $101k in 2017 to $63.5M in 2022.

In 2017, Sweden exported $46.6M to Bosnia and Herzegovina. The main products exported from Sweden to Bosnia and Herzegovina were Cars ($8.7M), Sulfate Chemical Woodpulp ($3.48M), and Nitrogenous Fertilizers ($3.42M). During the last 22 years the exports of Sweden to Bosnia and Herzegovina have increased at an annualized rate of 129%, from $746k in 1995 to $46.6M in 2017.

Exports from Bosnia and Herzegovina (Flag) to Sweden (Flag) (2022)

Exports from Sweden (Flag) to Bosnia and Herzegovina (Flag) (2022)

Latest Data

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

Bosnia and Herzegovina Exports

Sweden Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Sweden included Croatia ($1.47B), Serbia ($1.35B), and Slovenia ($811M).

In 2022, countries that imported more from Sweden than Bosnia and Herzegovina included Norway ($18.7B), Germany ($19.2B), and United States ($17.8B).

Difference in imports from Sweden (Flag) and Bosnia and Herzegovina (Flag) (2022)

Comparative Advantage Bosnia and Herzegovina - Sweden

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Sweden in the exports of Miscellaneous ($26.6M), Metals ($10.2M), and Wood Products ($6.45M).

During 2017, Sweden had a large net trade with Bosnia and Herzegovina in the exports of Machines ($14.4M), Transportation ($14.4M), and Paper Goods ($7.71M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Sweden+$4.48MOther Furniture
Top Product Potential Sweden Bosnia and Herzegovina+$7.52MCars

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

Product Space of Bosnia and Herzegovina (Flag) and Sweden (Flag) (2022)

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