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2023
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Exports $153MRnk 58 / 199
2023
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Top Product $12.6MCars
2023
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Exports $105MRnk 17 / 159
2023
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Top Product $20.6MHot-Rolled Iron Bars
2023
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Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
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Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
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GDP$351BCURRENT US$
Rnk 43 / 195
2013-2023
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GDP GROWTH84.8%CURRENT US$
Rnk 24 / 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 $18,404CURRENT US$
Rnk 66 / 195
2013-2023
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GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 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

Romania-Bosnia and Herzegovina Trade: In 2023, Romania exported $153M to Bosnia and Herzegovina. The main products that Romania exported to Bosnia and Herzegovina were Cars ($12.6M), Processed Tobacco ($7.29M), and Bovine ($6.93M). Over the past 5 years the exports of Romania to Bosnia and Herzegovina have increased at an annualized rate of 3.6%, from $129M in 2018 to $153M in 2023.

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

Bosnia and Herzegovina-Romania Trade: In 2023, Bosnia and Herzegovina exported $105M to Romania. The main products that Bosnia and Herzegovina exported to Romania were Hot-Rolled Iron Bars ($20.6M), Kraft Paper ($8.45M), and Processed Crustaceans ($5.72M). Over the past 5 years the exports of Bosnia and Herzegovina to Romania have increased at an annualized rate of 0.24%,  from $104M in 2018 to $105M in 2023.

In 2019, Bosnia and Herzegovina exported services to Romania worth $9.18M, with Travel ($5.49M), Transportation ($3.47M), and Communications services ($224k) being the largest in terms of value.

Comparison: In 2023,  Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). 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, Romania exported $153M to Bosnia and Herzegovina. The main products exported from Romania to Bosnia and Herzegovina were Cars ($12.6M), Processed Tobacco ($7.29M), and Bovine ($6.93M). During the last 5 years the exports of Romania to Bosnia and Herzegovina have increased at an annualized rate of 3.6%, from $129M in 2018 to $153M in 2023.

In 2018, Bosnia and Herzegovina exported $105M to Romania. The main products exported from Bosnia and Herzegovina to Romania were Hot-Rolled Iron Bars ($20.6M), Kraft Paper ($8.45M), and Processed Crustaceans ($5.72M). During the last 5 years the exports of Bosnia and Herzegovina to Romania have increased at an annualized rate of 0.24%, from $104M in 2023 to $105M in 2018.

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

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

Latest Data

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

Romania Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Romania
Top DestinationGermany$19.9B
Bosnia and Herzegovina
Top DestinationGermany$1.48B

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

In 2023, countries that imported more from Romania than Bosnia and Herzegovina included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

In 2023, countries that imported more from Bosnia and Herzegovina than Romania included Croatia ($1.39B), Slovenia ($825M), and Montenegro ($283M).

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

Comparative Advantage Romania - Bosnia and Herzegovina

Flow
Scale

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

During 2023, Romania had a large net trade with Bosnia and Herzegovina in the exports of Foodstuffs ($23.9M), Machines ($22.6M), and Metals ($20.1M).

During 2018, Bosnia and Herzegovina had a large net trade with Romania in the exports of Metals ($40.3M), Machines ($11.6M), and Chemical Products ($9.83M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Bosnia and Herzegovina+$8.13MCars
Top Product Potential Bosnia and Herzegovina Romania+$3.69MSeats

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 Romania worth $9.18M, with Travel ($5.49M), Transportation ($3.47M), and Communications services ($224k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina (Flag) to Romania (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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