Russia (RUS) and Bosnia and Herzegovina (BIH) Trade | The Observatory of Economic Complexity

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Pricing

Russia (RUS) and Bosnia and Herzegovina (BIH) Trade

2022

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Exports $319MRnk 73 / 138

2022

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About

Russia-Bosnia and Herzegovina In 2022, Russia exported $319M to Bosnia and Herzegovina. The main products that Russia exported to Bosnia and Herzegovina are Petroleum Gas ($88.2M), Raw Aluminium ($82.8M), and Coal Briquettes ($58.5M). During the last 26 years the exports of Russia to Bosnia and Herzegovina have increased at an annualized rate of 8.65%, from $36.9M in 1996 to $319M in 2022.

In 2020, Russia exported services to Bosnia and Herzegovina worth $13M, with Other business services ($9.69M), Travel ($1.07M), and Transportation ($913k) being the largest in terms of value.

Bosnia and Herzegovina-Russia In 2022, Bosnia and Herzegovina exported $52.7M to Russia. The main products that Bosnia and Herzegovina exported to Russia were Packaged Medicaments ($36M), Apples and Pears ($7.98M), and Refined Petroleum ($4.4M). During the last 26 years the exports of Bosnia and Herzegovina to Russia have increased at an annualized rate of 26.1%, from $126k in 1996 to $52.7M in 2022.

In 2019, Bosnia and Herzegovina exported services to Russia worth $13.8M, with Travel ($12.8M) and Transportation ($1.01M) being the largest in terms of value.

Comparison In 2022, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Bosnia and Herzegovina ranked 36 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $16.2M and imported $5.65M from Bosnia and Herzegovina, resulting in a positive trade balance of $10.6M. Between January 2021 and January 2022 the exports of Russia have increased by $8.92M (122%) from $7.31M to $16.2M, while imports increased by $832k (17.3%) from $4.82M to $5.65M.

Trade In January 2022, the top exports of Russia to Bosnia and Herzegovina were Commodities not elsewhere specified ($5.17M), Other Steel Bars ($1.46M), Other Furniture ($167k), Rolled Tobacco ($61.9k), and Wood Fiberboard ($61.4k). In January 2022 the top imports of Russia from Bosnia and Herzegovina were Apples and Pears ($1.96M), Packaged Medicaments ($1.27M), Hair Trimmers ($404k), Leather Footwear ($200k), and Rubber Footwear ($161k).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($13.1M), BELGOROD REGION ($1.49M), SAMARA REGION ($390k), VORONEZH REGION ($310k), and VOLOGDA REGION ($267k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($4.39M), MOSCOW REGION ($668k), KRASNODAR TERRITORY ($113k), KALININGRAD REGION ($104k), and NIZHNY NOVGOROD REGION ($89k).

Growth In January 2022, the increase in Russia's year-by-year exports to Bosnia and Herzegovina was explained primarily by an increase in product exports in Other Steel Bars ($1.21M or 481%), Other Furniture ($150k or 869%), and Wood Fiberboard ($46k or 300%). In January 2022, the increase in Russia's year-by-year imports from Bosnia and Herzegovina was explained primarily by an increase in product imports in Apples and Pears ($192k or 10.9%), Knit Men's Undergarments ($144k or 8.37k%), and Hair Trimmers ($78.9k or 24.3%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2021 - January 2022)$8.92M(122%)

IMPORT GROWTH (January 2021 - January 2022)$832k(17.3%)

MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$13.1M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $319M to Bosnia and Herzegovina. The main products exported from Russia to Bosnia and Herzegovina were Petroleum Gas ($88.2M), Raw Aluminium ($82.8M), and Coal Briquettes ($58.5M). During the last 26 years the exports of Russia to Bosnia and Herzegovina have increased at an annualized rate of 8.65%, from $36.9M in 1996 to $319M in 2022.

In 2022, Bosnia and Herzegovina exported $52.7M to Russia. The main products exported from Bosnia and Herzegovina to Russia were Packaged Medicaments ($36M), Apples and Pears ($7.98M), and Refined Petroleum ($4.4M). During the last 26 years the exports of Bosnia and Herzegovina to Russia have increased at an annualized rate of 26.1%, from $126k in 1996 to $52.7M in 2022.

Exports from Russia () to Bosnia and Herzegovina () (2022)

Exports from Bosnia and Herzegovina () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2021, countries that imported more from Russia than Bosnia and Herzegovina were China ($101B), India ($40.4B), and Germany ($27.7B).

In 2021, countries that imported more from Bosnia and Herzegovina than Russia were Croatia ($1.47B), Austria ($942M), and Montenegro ($306M).

Difference in imports from Bosnia and Herzegovina () and Russia () (2022)

Comparative Advantage Russia - Bosnia and Herzegovina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($156M), Metals ($126M), and Chemical Products ($21M).

During 2022, Bosnia and Herzegovina had a large net trade with Russia in the exports of Chemical Products ($37.4M), Vegetable Products ($8.33M), and Mineral Products ($4.41M).

Service Trade

Bilateral Service Trade

Bih Year

Rus Year

In 2020, Russia exported services to Bosnia and Herzegovina worth $13M, with Other business services ($9.69M), Travel ($1.07M), and Transportation ($913k) being the largest in terms of value.

In 2019, Bosnia and Herzegovina exported services to Russia worth $13.8M, with Travel ($12.8M) and Transportation ($1.01M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Bosnia and Herzegovina () (2020)

Services Exports from Bosnia and Herzegovina () to Russia () (2019)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Russia has comparative advantage over Bosnia and Herzegovina. Similarly, the more yellow a dot/product is, the more Bosnia and Herzegovina has comparative advantage over Russia.

Product Space of Russia () and Bosnia and Herzegovina () (2022)

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