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2022
Flag → Flag
Exports $937MRnk 61 / 221
2022
Flag → Flag
Top Product $154MRefined Petroleum
2022
Flag → Flag
Exports $790MRnk 4 / 162
2022
Flag → Flag
Top Product $244MRaw Aluminium
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186

About

Italy-Bosnia and Herzegovina Trade: In 2022, Italy exported $937M to Bosnia and Herzegovina. The main products that Italy exported to Bosnia and Herzegovina were Refined Petroleum ($154M), Footwear Parts ($64M), and Copper Wire ($53.9M). Over the past 5 years the exports of Italy to Bosnia and Herzegovina have increased at an annualized rate of 68.4%, from $69.1M in 2017 to $937M in 2022.

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

Bosnia and Herzegovina-Italy Trade: In 2022, Bosnia and Herzegovina exported $790M to Italy. The main products that Bosnia and Herzegovina exported to Italy were Raw Aluminium ($244M), Leather Footwear ($55.8M), and Footwear Parts ($52.1M). Over the past 5 years the exports of Bosnia and Herzegovina to Italy have increased at an annualized rate of 118%,  from $16M in 2017 to $790M in 2022.

In 2019, Bosnia and Herzegovina exported services to Italy worth $113M, with Travel ($56.4M), Transportation ($56.1M), and Personal, cultural, and recreational services ($112k) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

Latest Trends

March, 2024

About

Overview In March 2024, Italy exported €38.7M and imported €29.4M from Bosnia and Herzegovina, resulting in a positive trade balance of €9.35M. Between March 2023 and March 2024 the exports of Italy have increased by €47.7k (0.12%) from €38.7M to €38.7M, while imports decreased by €-18.8M (-39.1%) from €48.2M to €29.4M.

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)€47.7k(0.12%)
IMPORT GROWTH (March 2023 - March 2024)€-18.8M(-39.1%)

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

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

For full datasets download visit Bulk Download page.

Explore Bosnia and Herzegovina and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $937M to Bosnia and Herzegovina. The main products exported from Italy to Bosnia and Herzegovina were Refined Petroleum ($154M), Footwear Parts ($64M), and Copper Wire ($53.9M). During the last 5 years the exports of Italy to Bosnia and Herzegovina have increased at an annualized rate of 68.4%, from $69.1M in 2017 to $937M in 2022.

In 2017, Bosnia and Herzegovina exported $790M to Italy. The main products exported from Bosnia and Herzegovina to Italy were Raw Aluminium ($244M), Leather Footwear ($55.8M), and Footwear Parts ($52.1M). During the last 22 years the exports of Bosnia and Herzegovina to Italy have increased at an annualized rate of 118%, from $16M in 1995 to $790M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2022, countries that imported more from Italy than Bosnia and Herzegovina included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, no countries were registered that imported more from Bosnia and Herzegovina than from Italy.

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

Comparative Advantage Italy - Bosnia and Herzegovina

Flow
Scale

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

During 2022, Italy had a large net trade with Bosnia and Herzegovina in the exports of Metals ($266M), Mineral Products ($163M), and Machines ($148M).

During 2017, Bosnia and Herzegovina had a large net trade with Italy in the exports of Metals ($372M), Footwear and Headwear ($166M), and Chemical Products ($115M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Bosnia and Herzegovina+$18.6MPackaged Medicaments
Top Product Potential Bosnia and Herzegovina Italy+$14.7MMotor vehicles; parts and accessories (8701 to 8705)

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 Italy worth $113M, with Travel ($56.4M), Transportation ($56.1M), 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 Italy (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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