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Pricing

2023
Flag → Flag
Exports $2.12BRnk 50 / 219
2023
Flag → Flag
Top Product $775MRefined Petroleum
2023
Flag → Flag
Exports $793MRnk 6 / 159
2023
Flag → Flag
Top Product $54.6MLeather Footwear
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$8,639CURRENT US$
Rnk 91 / 196
2013-2023
Flag
GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195

About

Italy-Bosnia and Herzegovina Trade: In 2023, Italy exported $2.12B to Bosnia and Herzegovina. The main products that Italy exported to Bosnia and Herzegovina were Refined Petroleum ($775M), Bovine Meat ($60.7M), and Copper Wire ($53.5M). Over the past 5 years the exports of Italy to Bosnia and Herzegovina have increased at an annualized rate of 10.1%, from $1.31B in 2018 to $2.12B in 2023.

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

Bosnia and Herzegovina-Italy Trade: In 2023, Bosnia and Herzegovina exported $793M to Italy. The main products that Bosnia and Herzegovina exported to Italy were Leather Footwear ($54.6M), Footwear Parts ($54.3M), and Excavation Machinery ($51.7M). Over the past 5 years the exports of Bosnia and Herzegovina to Italy have decreased at an annualized rate of 3.92%,  from $969M in 2018 to $793M in 2023.

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 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). 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

October, 2024

About

Overview In October 2024, Italy exported €36.5M and imported €40.2M from Bosnia and Herzegovina, resulting in a negative trade balance of €3.71M. Between October 2023 and October 2024 the exports of Italy have increased by €7.39M (25.4%) from €29.1M to €36.5M, while imports decreased by €-6.43M (-13.8%) from €46.6M to €40.2M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€7.39M(25.4%)
IMPORT GROWTH (October 2023 - October 2024)€-6.43M(-13.8%)

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 2023, Italy exported $2.12B to Bosnia and Herzegovina. The main products exported from Italy to Bosnia and Herzegovina were Refined Petroleum ($775M), Bovine Meat ($60.7M), and Copper Wire ($53.5M). During the last 5 years the exports of Italy to Bosnia and Herzegovina have increased at an annualized rate of 10.1%, from $1.31B in 2018 to $2.12B in 2023.

In 2018, Bosnia and Herzegovina exported $793M to Italy. The main products exported from Bosnia and Herzegovina to Italy were Leather Footwear ($54.6M), Footwear Parts ($54.3M), and Excavation Machinery ($51.7M). During the last 5 years the exports of Bosnia and Herzegovina to Italy have decreased at an annualized rate of 3.92%, from $969M in 2023 to $793M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Bosnia and Herzegovina
Top DestinationGermany$1.48B

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 2023, countries that imported more from Italy than Bosnia and Herzegovina included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

In 2023, countries that imported more from Bosnia and Herzegovina than Italy included Saint Barthélemy ($18).

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

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 2023, Italy had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($798M), Metals ($294M), and Machines ($204M).

During 2018, Bosnia and Herzegovina had a large net trade with Italy in the exports of Footwear and Headwear ($189M), Metals ($138M), and Machines ($99.9M).

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) (2023)

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