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Pricing

2023
Flag → Flag
Exports $17.8kRnk 76 / 100
2023
Flag → Flag
Top Product $17.8kRefined Petroleum
2023
Flag → Flag
Exports $12.8MRnk 41 / 159
2023
Flag → Flag
Top Product $9.47MExplosive Ammunition
2023
Flag
Economic Complexity (ECI) ECI -0.71Rnk 97 / 132
2023
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Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag  
GDP$251BCURRENT US$
Rnk 52 / 195
2013-2023
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GDP GROWTH6.91%CURRENT US$
Rnk 164 / 195
2023
Flag
 GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
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GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
GDP PC $5,565CURRENT US$
Rnk 118 / 195
2013-2023
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GDP PC GROWTH-16.3%CURRENT US$
Rnk 174 / 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

Iraq-Bosnia and Herzegovina Trade: In 2023, Iraq exported $17.8k to Bosnia and Herzegovina. The main products that Iraq exported to Bosnia and Herzegovina were Refined Petroleum ($17.8k). Over the past 5 years the exports of Iraq to Bosnia and Herzegovina have decreased at an annualized rate of 14.3%, from $38.5k in 2018 to $17.8k in 2023.

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

Bosnia and Herzegovina-Iraq Trade: In 2023, Bosnia and Herzegovina exported $12.8M to Iraq. The main products that Bosnia and Herzegovina exported to Iraq were Explosive Ammunition ($9.47M), Kraft Paper ($1.6M), and Packaged Medicaments ($1.15M). Over the past 5 years the exports of Bosnia and Herzegovina to Iraq have increased at an annualized rate of 111%,  from $306k in 2018 to $12.8M in 2023.

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

Comparison: In 2023,  Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B). That same year, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iraq exported $17.8k to Bosnia and Herzegovina. The main products exported from Iraq to Bosnia and Herzegovina were Refined Petroleum ($17.8k). During the last 5 years the exports of Iraq to Bosnia and Herzegovina have decreased at an annualized rate of 14.3%, from $38.5k in 2018 to $17.8k in 2023.

In 2018, Bosnia and Herzegovina exported $12.8M to Iraq. The main products exported from Bosnia and Herzegovina to Iraq were Explosive Ammunition ($9.47M), Kraft Paper ($1.6M), and Packaged Medicaments ($1.15M). During the last 5 years the exports of Bosnia and Herzegovina to Iraq have increased at an annualized rate of 111%, from $306k in 2023 to $12.8M in 2018.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Iraq
Top DestinationChina$35.5B
Bosnia and Herzegovina
Top DestinationGermany$1.48B

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

In 2023, countries that imported more from Iraq than Bosnia and Herzegovina included China ($35.5B), India ($29.8B), and United States ($8.92B).

In 2023, countries that imported more from Bosnia and Herzegovina than Iraq included Croatia ($1.39B), Slovenia ($825M), and Austria ($996M).

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

Comparative Advantage Iraq - Bosnia and Herzegovina

Flow
Scale

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

During 2023, Iraq had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($17.8k).

During 2018, Bosnia and Herzegovina had a large net trade with Iraq in the exports of Weapons ($9.47M), Paper Goods ($1.6M), and Chemical Products ($1.15M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iraq Bosnia and Herzegovina+$604kRefined Petroleum
Top Product Potential Bosnia and Herzegovina Iraq+$911kPackaged Medicaments

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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Economic Complexity

Competitive Landscape

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

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

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