India (IND) and Bosnia and Herzegovina (BIH) Trade | The Observatory of Economic Complexity

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India-Bosnia and Herzegovina In 2022, India exported $433M to Bosnia and Herzegovina. The main products that India exported to Bosnia and Herzegovina are Raw Aluminium ($332M), Coffee ($16.2M), and Air Pumps ($6.63M). During the last 26 years the exports of India to Bosnia and Herzegovina have increased at an annualized rate of 36.8%, from $127k in 1996 to $433M in 2022.

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

Bosnia and Herzegovina-India In 2022, Bosnia and Herzegovina exported $4.31M to India. The main products that Bosnia and Herzegovina exported to India were Kraft Paper ($1.02M), Ball Bearings ($514k), and Sawn Wood ($467k). During the last 26 years the exports of Bosnia and Herzegovina to India have increased at an annualized rate of 24.6%, from $14.1k in 1996 to $4.31M in 2022.

In 2019, Bosnia and Herzegovina exported services to India worth $2.69M, with Travel ($2.46M) and Transportation ($224k) being the largest in terms of value.

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Bosnia and Herzegovina ranked 36 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $2.05M and imported $30.7k from Bosnia and Herzegovina, resulting in a positive trade balance of $2.02M. Between January 2023 and January 2024 the exports of India have increased by $478k (30.5%) from $1.57M to $2.05M, while imports decreased by $-244k (-88.8%) from $275k to $30.7k.

Trade In January 2024, the top exports of India to Bosnia and Herzegovina were Electric Machinery And Equipme ($345k), Residul Chemicl And Alled Prod ($248k), Telecom Instruments ($167k), Ac, Refrigeration Machnry Etc ($146k), and Bulk Drugs, Drug Intermediates ($146k). In January 2024 the top imports of India from Bosnia and Herzegovina were Raw Hides And Skins ($71.4k), Indl. Machnry For Dairy Etc ($70.6k), Plywood And Allied Products ($62.2k), Auto Components/Parts ($32.3k), and Paper, Paper Board And Product ($27.7k).

Growth In January 2024, the increase in India's year-by-year exports to Bosnia and Herzegovina was explained primarily by an increase in product exports in Residul Chemicl And Alled Prod ($225k or 975%), Ceramics And Allied Products ($123k or 665%), and Bulk Drugs, Drug Intermediates ($114k or 359%). In January 2024, the decrease in India's year-by-year imports from Bosnia and Herzegovina was explained primarily by an decrease in product imports in Plywood And Allied Products ($-22.9k or -26.9%) and Ic Engines And Parts ($-2.69k or -33.3%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$478k(30.5%)

IMPORT GROWTH (January 2023 - January 2024)$-244k(-88.8%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $433M to Bosnia and Herzegovina. The main products exported from India to Bosnia and Herzegovina were Raw Aluminium ($332M), Coffee ($16.2M), and Air Pumps ($6.63M). During the last 26 years the exports of India to Bosnia and Herzegovina have increased at an annualized rate of 36.8%, from $127k in 1996 to $433M in 2022.

In 2022, Bosnia and Herzegovina exported $4.31M to India. The main products exported from Bosnia and Herzegovina to India were Kraft Paper ($1.02M), Ball Bearings ($514k), and Sawn Wood ($467k). During the last 23 years the exports of Bosnia and Herzegovina to India have increased at an annualized rate of 24.6%, from $14.1k in 1999 to $4.31M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2021, countries that imported more from India than Bosnia and Herzegovina were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Bosnia and Herzegovina than India were Croatia ($1.47B), Serbia ($1.35B), and Montenegro ($306M).

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

Comparative Advantage India - Bosnia and Herzegovina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Bosnia and Herzegovina in the exports of Metals ($343M), Vegetable Products ($17.9M), and Machines ($16.8M).

During 2022, Bosnia and Herzegovina had a large net trade with India in the exports of Paper Goods ($1.19M), Machines ($788k), and Metals ($591k).

Service Trade

Bilateral Service Trade

Bih Year

In 2019, Bosnia and Herzegovina exported services to India worth $2.69M, with Travel ($2.46M) and Transportation ($224k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

Year

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 India has comparative advantage over Bosnia and Herzegovina. Similarly, the more yellow a dot/product is, the more Bosnia and Herzegovina has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage India - Bosnia and Herzegovina

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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