Bosnia and Herzegovina (BIH) and Turkey (TUR) Trade | The Observatory of Economic Complexity

2022

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Exports $181MRnk 12 / 162

2022

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Bosnia and Herzegovina-Turkey Trade: In 2022, Bosnia and Herzegovina exported $181M to Turkey. The main products that Bosnia and Herzegovina exported to Turkey were Scrap Iron ($47.9M), Explosive Ammunition ($17.5M), and Seats ($12.6M). Over the past 5 years the exports of Bosnia and Herzegovina to Turkey have decreased at an annualized rate of 8.3%, from $279M in 2017 to $181M in 2022.

In 2019, Bosnia and Herzegovina exported services to Turkey worth $90.7M, with Travel ($71M), Transportation ($18.7M), and Communications services ($560k) being the largest in terms of value.

Turkey-Bosnia and Herzegovina Trade: In 2022, Turkey exported $806M to Bosnia and Herzegovina. The main products that Turkey exported to Bosnia and Herzegovina were Aluminium Bars ($24.5M), Raw Aluminium ($20.7M), and Coated Flat-Rolled Iron ($19M). Over the past 5 years the exports of Turkey to Bosnia and Herzegovina have increased at an annualized rate of 9.34%, from $394M in 2017 to $806M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Latest Data

Trade between Bosnia and Herzegovina () and Turkey ()

Bosnia and Herzegovina Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Turkey included Croatia ($1.47B), Montenegro ($306M), and San Marino ($5.06M).

In 2022, countries that imported more from Turkey than Bosnia and Herzegovina included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Potential Exports

Depth

Section

HS2

HS4

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Top 20

Top 15

Top 10

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Highest Potential

Most Saturated

Section

Top Product Potential Bosnia and Herzegovina Turkey+$5.44MScrap Iron

Top Product Potential Turkey Bosnia and Herzegovina+$7.48MCars

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

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Historical Data

Latest Data

Trade between Bosnia and Herzegovina () and Turkey ()

Bosnia and Herzegovina Exports

Turkey Exports

Market Competitiveness

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

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bosnia and Herzegovina () and Turkey () (NaN)

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