2022
Flag  
GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP
$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH
42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
GDP PC 
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC
$7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH
61.8%CURRENT US$
Rnk 25 / 186

About

Germany-Bosnia and Herzegovina Trade: In 2022, Germany exported $1.33B 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 4.81%, from $1.05B in 2017 to $1.33B 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 $1.46B 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 9.3%,  from $935M in 2017 to $1.46B 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).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $1.33B 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 4.81%, from $1.05B in 2017 to $1.33B in 2022.

In 2017, Bosnia and Herzegovina exported $1.46B 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 5 years the exports of Bosnia and Herzegovina to Germany have increased at an annualized rate of 9.3%, from $935M in 2022 to $1.46B in 2017.

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

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

Market Competitiveness

Color
Germany
Top Destination
United States$153B
Bosnia and Herzegovina
Top Destination
Croatia$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 (Flag) and Germany (Flag) (2022)

Comparative Advantage Germany - Bosnia and Herzegovina

Flow
Scale

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

Potential Exports

Depth
View
Sort By
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

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 (Flag) to Germany (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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 (Flag) and Bosnia and Herzegovina (Flag) (2022)

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