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2023
Flag → Flag
Exports $226MRnk 119 / 220
2023
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Top Product $73.8MRaw Aluminium
2023
Flag → Flag
Exports $18.6MRnk 35 / 159
2023
Flag → Flag
Top Product $7.26MExplosive Ammunition
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
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GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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 $2,481CURRENT US$
Rnk 148 / 195
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 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

India-Bosnia and Herzegovina Trade: In 2023, India exported $226M to Bosnia and Herzegovina. The main products that India exported to Bosnia and Herzegovina were Raw Aluminium ($73.8M), Coffee ($20.7M), and Unglazed Ceramics ($10.6M). Over the past 5 years the exports of India to Bosnia and Herzegovina have increased at an annualized rate of 23.3%, from $79M in 2018 to $226M in 2023.

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

Bosnia and Herzegovina-India Trade: In 2023, Bosnia and Herzegovina exported $18.6M to India. The main products that Bosnia and Herzegovina exported to India were Explosive Ammunition ($7.26M), Carbonates ($3.35M), and Ball Bearings ($2.17M). Over the past 5 years the exports of Bosnia and Herzegovina to India have increased at an annualized rate of 14.7%,  from $9.33M in 2018 to $18.6M in 2023.

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 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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, India exported $1.01M and imported $3.48M from Bosnia and Herzegovina, resulting in a negative trade balance of $2.47M. Between November 2023 and November 2024 the exports of India have decreased by $-1.04M (-50.8%) from $2.06M to $1.01M, while imports increased by $1.47M (73.6%) from $2M to $3.48M.

Trade In November 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 November 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 November 2024, the decrease in India's year-by-year exports to Bosnia and Herzegovina was explained primarily by an decrease in product exports in Auto Tyres And Tubes ($-146k or -80.8%), Drug Formulations, Biologicals ($-102k or -52.6%), and Electric Machinery And Equipme ($-93k or -21.2%). In November 2024, the increase in India's year-by-year imports  from Bosnia and Herzegovina was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-1.04M(-50.8%)
IMPORT GROWTH (November 2023 - November 2024)$1.47M(73.6%)

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.

For full datasets download visit Bulk Download page.

Explore Bosnia and Herzegovina and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $226M to Bosnia and Herzegovina. The main products exported from India to Bosnia and Herzegovina were Raw Aluminium ($73.8M), Coffee ($20.7M), and Unglazed Ceramics ($10.6M). During the last 5 years the exports of India to Bosnia and Herzegovina have increased at an annualized rate of 23.3%, from $79M in 2018 to $226M in 2023.

In 2018, Bosnia and Herzegovina exported $18.6M to India. The main products exported from Bosnia and Herzegovina to India were Explosive Ammunition ($7.26M), Carbonates ($3.35M), and Ball Bearings ($2.17M). During the last 5 years the exports of Bosnia and Herzegovina to India have increased at an annualized rate of 14.7%, from $9.33M in 2023 to $18.6M in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Bosnia and Herzegovina
Top DestinationGermany$1.48B

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 2023, countries that imported more from India than Bosnia and Herzegovina included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

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

Comparative Advantage India - Bosnia and Herzegovina

Flow
Scale

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

During 2023, India had a large net trade with Bosnia and Herzegovina in the exports of Metals ($87.7M), Machines ($30.8M), and Vegetable Products ($24.6M).

During 2018, Bosnia and Herzegovina had a large net trade with India in the exports of Weapons ($7.26M), Machines ($4.6M), and Chemical Products ($3.93M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Bosnia and Herzegovina+$7.99MPackaged Medicaments
Top Product Potential Bosnia and Herzegovina India+$1.44MSawn Wood

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 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 (Flag) to India (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of India (Flag) and Bosnia and Herzegovina (Flag) (2023)

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