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2023
Flag → Flag
Exports $23.8MRnk 94 / 211
2023
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Top Product $3.94MCars
2023
Flag → Flag
Exports $7.98MRnk 48 / 159
2023
Flag → Flag
Top Product $2.34MAluminium Oxide
2023
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
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Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
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GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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 $27,331CURRENT US$
Rnk 50 / 195
2013-2023
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GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 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

Portugal-Bosnia and Herzegovina Trade: In 2023, Portugal exported $23.8M to Bosnia and Herzegovina. The main products that Portugal exported to Bosnia and Herzegovina were Cars ($3.94M), Rubber Tires ($2.18M), and Leather Footwear ($1.66M). Over the past 5 years the exports of Portugal to Bosnia and Herzegovina have increased at an annualized rate of 0.83%, from $22.8M in 2018 to $23.8M in 2023.

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

Bosnia and Herzegovina-Portugal Trade: In 2023, Bosnia and Herzegovina exported $7.98M to Portugal. The main products that Bosnia and Herzegovina exported to Portugal were Aluminium Oxide ($2.34M), Plastic Building Materials ($1.36M), and Wood Carpentry ($984k). Over the past 5 years the exports of Bosnia and Herzegovina to Portugal have increased at an annualized rate of 16.6%,  from $3.7M in 2018 to $7.98M in 2023.

In 2019, Bosnia and Herzegovina exported services to Portugal worth $2.57M, with Travel ($2.35M) and Transportation ($224k) being the largest in terms of value.

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). 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, Portugal exported €480k and imported €351k from Bosnia and Herzegovina, resulting in a positive trade balance of €129k. Between November 2023 and November 2024 the exports of Portugal have increased by €26.8k (5.92%) from €453k to €480k, while imports decreased by €-147k (-29.6%) from €498k to €351k.

Trade In November 2024, the top exports of Portugal to Bosnia and Herzegovina were Miscellaneous edible preparations (€52.9k), Leather articles (€41.2k), Coated, covered, & laminated fabrics for... (€25.1k), Electrical machinery and electronics (€23.4k), and Man-made staple fibres (€21k). In November 2024 the top imports of Portugal from Bosnia and Herzegovina were Inorganic chemicals (€643k), Plastics & articles thereof (€94.2k), Furniture, bedding, lamps, & prefab buildings (€89.1k), Aluminum articles (€47.7k), and Iron/Steel Articles (€45.7k).

Growth In November 2024, the increase in Portugal's year-by-year exports to Bosnia and Herzegovina was explained primarily by an increase in product exports in Leather articles (€41.1k or 66.4k%), Plastics & articles thereof (€14.4k or 12k%), and Electrical machinery and electronics (€14.4k or 159%). In November 2024, the decrease in Portugal's year-by-year imports  from Bosnia and Herzegovina was explained primarily by an decrease in product imports  in Wood, wood articles, & charcoal (€-150k or -100%) and Non-knitted clothing accesories (€-1.7k or -96%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€26.8k(5.92%)
IMPORT GROWTH (November 2023 - November 2024)€-147k(-29.6%)

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

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

For full datasets download visit Bulk Download page.

Explore Bosnia and Herzegovina and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $23.8M to Bosnia and Herzegovina. The main products exported from Portugal to Bosnia and Herzegovina were Cars ($3.94M), Rubber Tires ($2.18M), and Leather Footwear ($1.66M). During the last 5 years the exports of Portugal to Bosnia and Herzegovina have increased at an annualized rate of 0.83%, from $22.8M in 2018 to $23.8M in 2023.

In 2018, Bosnia and Herzegovina exported $7.98M to Portugal. The main products exported from Bosnia and Herzegovina to Portugal were Aluminium Oxide ($2.34M), Plastic Building Materials ($1.36M), and Wood Carpentry ($984k). During the last 5 years the exports of Bosnia and Herzegovina to Portugal have increased at an annualized rate of 16.6%, from $3.7M in 2023 to $7.98M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Bosnia and Herzegovina
Top DestinationGermany$1.48B

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

In 2023, countries that imported more from Portugal than Bosnia and Herzegovina included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Bosnia and Herzegovina than Portugal included Croatia ($1.39B), Serbia ($1.18B), and Slovenia ($825M).

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

Comparative Advantage Portugal - Bosnia and Herzegovina

Flow
Scale

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

During 2023, Portugal had a large net trade with Bosnia and Herzegovina in the exports of Textiles ($5.15M), Transportation ($4.36M), and Plastics and Rubbers ($3M).

During 2018, Bosnia and Herzegovina had a large net trade with Portugal in the exports of Chemical Products ($2.34M), Plastics and Rubbers ($2.33M), and Wood Products ($1.45M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Bosnia and Herzegovina+$3.27MCars
Top Product Potential Bosnia and Herzegovina Portugal+$1.85MSeats

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 Portugal worth $2.57M, with Travel ($2.35M) 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 Portugal (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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