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2022
Flag → Flag
Exports $149MRnk 95 / 218
2022
Flag → Flag
Top Product $12.9MCars
2022
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Exports $39.9MRnk 27 / 162
2022
Flag → Flag
Top Product $7.1MSeats
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186

About

Spain-Bosnia and Herzegovina Trade: In 2022, Spain exported $149M to Bosnia and Herzegovina. The main products that Spain exported to Bosnia and Herzegovina were Cars ($12.9M), Unglazed Ceramics ($10M), and Non-Knit Women's Suits ($5.74M). Over the past 5 years the exports of Spain to Bosnia and Herzegovina have increased at an annualized rate of 9.48%, from $95M in 2017 to $149M in 2022.

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

Bosnia and Herzegovina-Spain Trade: In 2022, Bosnia and Herzegovina exported $39.9M to Spain. The main products that Bosnia and Herzegovina exported to Spain were Seats ($7.1M), Aluminium Oxide ($3.32M), and Sulfides ($3.07M). Over the past 5 years the exports of Bosnia and Herzegovina to Spain have decreased at an annualized rate of 15%,  from $89.8M in 2017 to $39.9M in 2022.

In 2019, Bosnia and Herzegovina exported services to Spain worth $17.1M, with Travel ($13.1M), Transportation ($3.92M), and Personal, cultural, and recreational services ($112k) being the largest in terms of value.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). 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

August, 2024

About

Overview In August 2024, Spain exported €8.18M and imported €3.13M from Bosnia and Herzegovina, resulting in a positive trade balance of €5.04M. Between August 2023 and August 2024 the exports of Spain have increased by €86.5k (1.07%) from €8.09M to €8.18M, while imports increased by €290k (10.2%) from €2.84M to €3.13M.

Trade In August 2024, the top exports of Spain to Bosnia and Herzegovina were Metalworking Machine Parts (€943k), Cars (€815k), Tractors (€571k), Unglazed Ceramics (€465k), and Metal Lathes (€315k). In August 2024 the top imports of Spain from Bosnia and Herzegovina were Ball Bearings (€629k), Seats (€437k), Medical Instruments (€318k), Kraft Paper (€240k), and Rubber Footwear (€220k).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€1.34M), Guipúzcoa (€1.33M), Pontevedra (€1.07M), Castellón (€910k), and Zaragoza (€432k), while imports destinations were mainly Barcelona (€996k), Madrid (€411k), Vizcaya (€267k), Valencia (€258k), and Navarra (€194k).

Growth In August 2024, the increase in Spain's year-by-year exports to Bosnia and Herzegovina was explained primarily by an increase in product exports in Cars (€575k or 241%), Tractors (€503k or 735%), and Hair Products (€177k or 636%). In August 2024, the increase in Spain's year-by-year imports  from Bosnia and Herzegovina was explained primarily by an increase in product imports  in Kraft Paper (€208k or 669%), Plastic Building Materials (€158k or 52.9k%), and Medical Instruments (€49.1k or 18.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€86.5k(1.07%)
IMPORT GROWTH (August 2023 - August 2024)€290k(10.2%)
MAIN EXPORTER (August 2024)Barcelona€1.34M

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

To check Bosnia and Herzegovina and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bosnia and Herzegovina and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $149M to Bosnia and Herzegovina. The main products exported from Spain to Bosnia and Herzegovina were Cars ($12.9M), Unglazed Ceramics ($10M), and Non-Knit Women's Suits ($5.74M). During the last 5 years the exports of Spain to Bosnia and Herzegovina have increased at an annualized rate of 9.48%, from $95M in 2017 to $149M in 2022.

In 2017, Bosnia and Herzegovina exported $39.9M to Spain. The main products exported from Bosnia and Herzegovina to Spain were Seats ($7.1M), Aluminium Oxide ($3.32M), and Sulfides ($3.07M). During the last 5 years the exports of Bosnia and Herzegovina to Spain have decreased at an annualized rate of 15%, from $89.8M in 2022 to $39.9M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2022, countries that imported more from Spain than Bosnia and Herzegovina included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Bosnia and Herzegovina than Spain included Croatia ($1.47B), Serbia ($1.35B), and Montenegro ($306M).

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

Comparative Advantage Spain - Bosnia and Herzegovina

Flow
Scale

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

During 2022, Spain had a large net trade with Bosnia and Herzegovina in the exports of Textiles ($20.3M), Transportation ($18.5M), and Chemical Products ($17.7M).

During 2017, Bosnia and Herzegovina had a large net trade with Spain in the exports of Miscellaneous ($8.94M), Chemical Products ($7.84M), and Machines ($5.06M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Bosnia and Herzegovina+$13.9MCars
Top Product Potential Bosnia and Herzegovina Spain+$6.29MSeats

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 Spain worth $17.1M, with Travel ($13.1M), Transportation ($3.92M), and Personal, cultural, and recreational services ($112k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina (Flag) to Spain (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Spain and Bosnia and Herzegovina. This means that a dot/product with the flag of Spain 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 Spain.

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

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