Germany (DEU) and Bosnia and Herzegovina (BIH) Trade

2022

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Exports $1.05BRnk 68 / 223

2022

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About

Germany-Bosnia and Herzegovina Trade: In 2022, Germany exported $1.05B to Bosnia and Herzegovina. The main products that Germany exported to Bosnia and Herzegovina were Cars ($92.3M), Motor vehicles; parts and accessories (8701 to 8705) ($38M), and Packaged Medicaments ($37.2M). Over the past 5 years the exports of Germany to Bosnia and Herzegovina have increased at an annualized rate of 75.9%, from $62.3M in 2017 to $1.05B in 2022.

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

Bosnia and Herzegovina-Germany Trade: In 2022, Bosnia and Herzegovina exported $935M to Germany. The main products that Bosnia and Herzegovina exported to Germany were Seats ($98.1M), Other Furniture ($77M), and Aluminium Bars ($52.3M). Over the past 5 years the exports of Bosnia and Herzegovina to Germany have increased at an annualized rate of 138%, from $12.3M in 2017 to $935M in 2022.

In 2019, Bosnia and Herzegovina exported services to Germany worth $163M, with Transportation ($92.1M), Travel ($59.4M), and Communications services ($11.4M) being the largest in terms of value.

Comparison: In 2022, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

Latest Trends

April, 2024

About

Overview In April 2024, Germany exported €123M and imported €106M from Bosnia and Herzegovina, resulting in a positive trade balance of €16.8M. Between April 2023 and April 2024 the exports of Germany have increased by €32.3M (35.5%) from €90.9M to €123M, while imports increased by €3.52M (3.42%) from €103M to €106M.

Trade In April 2024, the top exports of Germany to Bosnia and Herzegovina were Articles of plastic (€8.47M), Motor cars and motor caravans (€5.3M), Other articles of iron, iron sheet,... (€4.81M), Pharmaceutical products (€3.89M), and Machinery for electricity production, distribution (€3.86M). In April 2024 the top imports of Germany from Bosnia and Herzegovina were Furniture (€12.7M), Other articles of iron, iron sheet,... (€10.3M), Chassis, bodies, engines etc. for motor... (€9.56M), Footwear (€9.12M), and Articles of plastic (€6.57M).

Origins In April 2024 the exports of Germany were mainly from North Rhine-Westphalia (€22.3M), Bavaria (€18.4M), Baden-Württemberg (€11.8M), Lower Saxony (€8.72M), and Schleswig-Holstein (€6.47M), while imports destinations were mainly Bavaria (€33.5M), North Rhine-Westphalia (€28.6M), Baden-Württemberg (€16.6M), Hesse (€7.26M), and Lower Saxony (€6.08M).

Growth In April 2024, the increase in Germany's year-by-year exports to Bosnia and Herzegovina was explained primarily by an increase in product exports in Semi-finished products of copper and copper... (€3.47M or 898%), Motor cars and motor caravans (€1.94M or 57.4%), and Electronic devices (€1.59M or 406%). In April 2024, the increase in Germany's year-by-year imports from Bosnia and Herzegovina was explained primarily by an increase in product imports in Footwear (€3.7M or 68.3%), Other prefabricated chemicals (€2.83M or 116%), and Machinery for electricity production, distribution (€1.97M or 89.9%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)€32.3M(35.5%)

IMPORT GROWTH (April 2023 - April 2024)€3.52M(3.42%)

MAIN EXPORTER (April 2024)North Rhine-Westphalia€22.3M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Germany exported $1.05B to Bosnia and Herzegovina. The main products exported from Germany to Bosnia and Herzegovina were Cars ($92.3M), Motor vehicles; parts and accessories (8701 to 8705) ($38M), and Packaged Medicaments ($37.2M). During the last 5 years the exports of Germany to Bosnia and Herzegovina have increased at an annualized rate of 75.9%, from $62.3M in 2017 to $1.05B in 2022.

In 2017, Bosnia and Herzegovina exported $935M to Germany. The main products exported from Bosnia and Herzegovina to Germany were Seats ($98.1M), Other Furniture ($77M), and Aluminium Bars ($52.3M). During the last 22 years the exports of Bosnia and Herzegovina to Germany have increased at an annualized rate of 138%, from $12.3M in 1995 to $935M in 2017.

Exports from Germany () to Bosnia and Herzegovina () (2022)

Exports from Bosnia and Herzegovina () to Germany () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Germany
Top DestinationUnited States$153B

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2022, countries that imported more from Germany than Bosnia and Herzegovina included United States ($153B), France ($120B), and China ($109B).

In 2022, countries that imported more from Bosnia and Herzegovina than Germany included Montenegro ($306M) and North Korea ($97.7k).

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

Comparative Advantage Germany - Bosnia and Herzegovina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Germany had a large net trade with Bosnia and Herzegovina in the exports of Machines ($232M), Transportation ($196M), and Plastics and Rubbers ($178M).

During 2017, Bosnia and Herzegovina had a large net trade with Germany in the exports of Metals ($324M), Machines ($269M), and Miscellaneous ($240M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Germany Bosnia and Herzegovina+$44.7MCars

Top Product Potential Bosnia and Herzegovina Germany+$33.2MMotor vehicles; parts and accessories (8701 to 8705)

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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Bilateral Service Trade

Bih Year

In 2019, Bosnia and Herzegovina exported services to Germany worth $163M, with Transportation ($92.1M), Travel ($59.4M), and Communications services ($11.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina () to Germany () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of Germany () and Bosnia and Herzegovina () (2022)

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