Bosnia and Herzegovina (BIH) and Tanzania (TZA) Trade | The Observatory of Economic Complexity

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Bosnia and Herzegovina-Tanzania Trade: In 2023, Bosnia and Herzegovina exported $684k to Tanzania. The main products that Bosnia and Herzegovina exported to Tanzania were Electrical Control Boards ($260k), Other Electrical Machinery ($170k), and Centrifuges ($74.4k). Over the past 5 years the exports of Bosnia and Herzegovina to Tanzania have increased at an annualized rate of 3.35%, from $580k in 2018 to $684k in 2023.

In 2023, Bosnia and Herzegovina did not export any services to Tanzania.

Tanzania-Bosnia and Herzegovina Trade: In 2023, Tanzania exported $170k to Bosnia and Herzegovina. The main products that Tanzania exported to Bosnia and Herzegovina were Dried Legumes ($90.8k), Sowing Seeds ($40.2k), and Coffee ($8.43k). Over the past 5 years the exports of Tanzania to Bosnia and Herzegovina have increased at an annualized rate of 5.07%, from $133k in 2018 to $170k in 2023.

In 2023, Tanzania did not export any services to Bosnia and Herzegovina.

Comparison: In 2023, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B). That same year, Tanzania ranked 116 in the Economic Complexity Index (ECI -1.13), and 99 in total exports ($11.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bosnia and Herzegovina exported $684k to Tanzania. The main products exported from Bosnia and Herzegovina to Tanzania were Electrical Control Boards ($260k), Other Electrical Machinery ($170k), and Centrifuges ($74.4k). During the last 5 years the exports of Bosnia and Herzegovina to Tanzania have increased at an annualized rate of 3.35%, from $580k in 2018 to $684k in 2023.

In 2018, Tanzania exported $170k to Bosnia and Herzegovina. The main products exported from Tanzania to Bosnia and Herzegovina were Dried Legumes ($90.8k), Sowing Seeds ($40.2k), and Coffee ($8.43k). During the last 5 years the exports of Tanzania to Bosnia and Herzegovina have increased at an annualized rate of 5.07%, from $133k in 2023 to $170k in 2018.

Exports from Bosnia and Herzegovina () to Tanzania () (2023)

Exports from Tanzania () to Bosnia and Herzegovina () (2023)

Latest Data

Trade between Bosnia and Herzegovina () and Tanzania ()

Bosnia and Herzegovina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationGermany$1.48B

Tanzania
Top DestinationIndia$1.74B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Tanzania included Croatia ($1.39B), Germany ($1.48B), and Serbia ($1.18B).

In 2023, countries that imported more from Tanzania than Bosnia and Herzegovina included India ($1.74B), United Arab Emirates ($1.62B), and Uganda ($1.35B).

Difference in imports from Tanzania () and Bosnia and Herzegovina () (2023)

Comparative Advantage Bosnia and Herzegovina - Tanzania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bosnia and Herzegovina had a large net trade with Tanzania in the exports of Machines ($627k), Metals ($41.1k), and Instruments ($13.6k).

During 2018, Tanzania had a large net trade with Bosnia and Herzegovina in the exports of Vegetable Products ($146k), Machines ($8.69k), and Animal Products ($5.86k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bosnia and Herzegovina Tanzania+$851kRefined Petroleum

Top Product Potential Tanzania Bosnia and Herzegovina+$146kDried Legumes

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

Year

This visualization shows the product space at the HS4 level with the flags of Bosnia and Herzegovina and Tanzania. This means that a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Tanzania. Similarly, a dot/product with the flag of Tanzania indicates it has a comparative advantage over Bosnia and Herzegovina.

About

Historical Data

Bilateral Trade by Products

Exports from Bosnia and Herzegovina () to Tanzania () (2023)

Exports from Tanzania () to Bosnia and Herzegovina () (2023)

Latest Data

Trade between Bosnia and Herzegovina () and Tanzania ()

Bosnia and Herzegovina Exports

Market Competitiveness

Difference in imports from Tanzania () and Bosnia and Herzegovina () (2023)

Comparative Advantage Bosnia and Herzegovina - Tanzania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bosnia and Herzegovina () and Tanzania () (2023)

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