2022
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GDP
$179BCURRENT US$
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2012-2022
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GDP GROWTH
38.8%CURRENT US$
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2022
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 GDP
$24.5BCURRENT US$
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2012-2022
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GDP GROWTH
42.4%CURRENT US$
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GDP PC 
$18,463CURRENT US$
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2012-2022
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GDP PC GROWTH
42.2%CURRENT US$
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GDP PC
$7,585CURRENT US$
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2012-2022
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GDP PC GROWTH
61.8%CURRENT US$
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About

Hungary-Bosnia and Herzegovina In 2022, Hungary exported $448M to Bosnia and Herzegovina. The main products that Hungary exported to Bosnia and Herzegovina are Wheat ($42.6M), Sodium or Potassium Peroxides ($27.2M), and Vinyl Chloride Polymers ($14.7M). During the last 27 years the exports of Hungary to Bosnia and Herzegovina have increased at an annualized rate of 9.4%, from $39.6M in 1995 to $448M in 2022.

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

Bosnia and Herzegovina-Hungary In 2022, Bosnia and Herzegovina exported $198M to Hungary. The main products that Bosnia and Herzegovina exported to Hungary were Aluminium Oxide ($31.6M), Raw Iron Bars ($21.2M), and Leather Footwear ($19.3M). During the last 27 years the exports of Bosnia and Herzegovina to Hungary have increased at an annualized rate of 30.2%, from $159k in 1995 to $198M in 2022.

In 2019, Bosnia and Herzegovina exported services to Hungary worth $31.7M, with Transportation ($17.7M) and Travel ($14M) being the largest in terms of value.

Comparison In 2022,  Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B). That same year, Bosnia and Herzegovina ranked 36 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, Hungary exported $448M to Bosnia and Herzegovina. The main products exported from Hungary to Bosnia and Herzegovina were Wheat ($42.6M), Sodium or Potassium Peroxides ($27.2M), and Vinyl Chloride Polymers ($14.7M). During the last 27 years the exports of Hungary to Bosnia and Herzegovina have increased at an annualized rate of 9.4%, from $39.6M in 1995 to $448M in 2022.

In 2022, Bosnia and Herzegovina exported $198M to Hungary. The main products exported from Bosnia and Herzegovina to Hungary were Aluminium Oxide ($31.6M), Raw Iron Bars ($21.2M), and Leather Footwear ($19.3M). During the last 27 years the exports of Bosnia and Herzegovina to Hungary have increased at an annualized rate of 30.2%, from $159k in 1995 to $198M in 2022.

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

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

Latest Data

Trade between Hungary (Flag) and Bosnia and Herzegovina (Flag)

Hungary Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Bosnia and Herzegovina
Top Destination
Croatia$1.47B

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

In 2021, countries that imported more from Hungary than Bosnia and Herzegovina were Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

In 2021, countries that imported more from Bosnia and Herzegovina than Hungary were Montenegro ($306M), Syria ($6.5M), and San Marino ($5.06M).

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

Comparative Advantage Hungary - Bosnia and Herzegovina

Flow
Scale

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

During 2022, Hungary had a large net trade with Bosnia and Herzegovina in the exports of Chemical Products ($81.2M), Plastics and Rubbers ($51.3M), and Vegetable Products ($48.3M).

During 2022, Bosnia and Herzegovina had a large net trade with Hungary in the exports of Chemical Products ($53.7M), Metals ($52.2M), and Footwear and Headwear ($29.9M).

Service Trade

Bilateral Service Trade

In 2019, Bosnia and Herzegovina exported services to Hungary worth $31.7M, with Transportation ($17.7M) and Travel ($14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Hungary has comparative advantage over Bosnia and Herzegovina. Similarly, the more yellow a dot/product is, the more Bosnia and Herzegovina has comparative advantage over Hungary.

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

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