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2023
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Exports $196MRnk 91 / 220
2023
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Top Product $24.3MCars
2023
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Exports $48.6MRnk 24 / 159
2023
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Top Product $7.07MBall Bearings
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
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GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
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GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$8,639CURRENT US$
Rnk 91 / 196
2013-2023
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GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195

About

Spain-Bosnia and Herzegovina Trade: In 2023, Spain exported $196M to Bosnia and Herzegovina. The main products that Spain exported to Bosnia and Herzegovina were Cars ($24.3M), Pig Meat ($14.1M), and Packaged Medicaments ($10.5M). Over the past 5 years the exports of Spain to Bosnia and Herzegovina have increased at an annualized rate of 5.82%, from $148M in 2018 to $196M in 2023.

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

Bosnia and Herzegovina-Spain Trade: In 2023, Bosnia and Herzegovina exported $48.6M to Spain. The main products that Bosnia and Herzegovina exported to Spain were Ball Bearings ($7.07M), Seats ($3.37M), and Aluminium Oxide ($3.18M). Over the past 5 years the exports of Bosnia and Herzegovina to Spain have decreased at an annualized rate of 5.9%,  from $65.8M in 2018 to $48.6M in 2023.

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 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €9.14M and imported €3.22M from Bosnia and Herzegovina, resulting in a positive trade balance of €5.92M. Between November 2023 and November 2024 the exports of Spain have increased by €639k (7.51%) from €8.5M to €9.14M, while imports decreased by €-646k (-16.7%) from €3.87M to €3.22M.

Trade In November 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 November 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 November 2024 the exports of Spain were mainly from Barcelona (€1.69M), Pontevedra (€1.2M), Madrid (€1M), Castellón (€979k), and Guipúzcoa (€671k), while imports destinations were mainly Barcelona (€1.06M), Madrid (€394k), Navarra (€350k), Valencia (€211k), and Zaragoza (€185k).

Growth In November 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 November 2024, the decrease in Spain's year-by-year imports  from Bosnia and Herzegovina was explained primarily by an decrease in product imports  in Seats (€-430k or -49.6%), Aluminium Oxide (€-137k or -59.5%), and Knit Women's Undergarments (€-107k or -79.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€639k(7.51%)
IMPORT GROWTH (November 2023 - November 2024)€-646k(-16.7%)
MAIN EXPORTER (November 2024)Barcelona€1.69M

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 2023, Spain exported $196M to Bosnia and Herzegovina. The main products exported from Spain to Bosnia and Herzegovina were Cars ($24.3M), Pig Meat ($14.1M), and Packaged Medicaments ($10.5M). During the last 5 years the exports of Spain to Bosnia and Herzegovina have increased at an annualized rate of 5.82%, from $148M in 2018 to $196M in 2023.

In 2018, Bosnia and Herzegovina exported $48.6M to Spain. The main products exported from Bosnia and Herzegovina to Spain were Ball Bearings ($7.07M), Seats ($3.37M), and Aluminium Oxide ($3.18M). During the last 5 years the exports of Bosnia and Herzegovina to Spain have decreased at an annualized rate of 5.9%, from $65.8M in 2023 to $48.6M in 2018.

Exports from Spain (Flag) to Bosnia and Herzegovina (Flag) (2023)

Exports from Bosnia and Herzegovina (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Bosnia and Herzegovina
Top DestinationGermany$1.48B

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 2023, countries that imported more from Spain than Bosnia and Herzegovina included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Bosnia and Herzegovina than Spain included Serbia ($1.18B), Croatia ($1.39B), and Montenegro ($283M).

Difference in imports from Bosnia and Herzegovina (Flag) and Spain (Flag) (2023)

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 2023, Spain had a large net trade with Bosnia and Herzegovina in the exports of Transportation ($37.3M), Chemical Products ($29.2M), and Machines ($28.1M).

During 2018, Bosnia and Herzegovina had a large net trade with Spain in the exports of Machines ($12.1M), Chemical Products ($6.09M), and Miscellaneous ($5.83M).

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) (2023)

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