2023
Flag  
GDP
$81.3BCURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP GROWTH
61.2%CURRENT US$
Rnk 53 / 195
2023
Flag
 GDP
$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH
51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
GDP PC 
$12,282CURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP PC GROWTH
74.4%CURRENT US$
Rnk 20 / 195
2023
Flag
GDP PC
$8,639CURRENT US$
Rnk 91 / 196
2013-2023
Flag
GDP PC GROWTH
71.6%CURRENT US$
Rnk 23 / 195

About

Serbia-Bosnia and Herzegovina Trade: In 2023, Serbia exported $1.77B to Bosnia and Herzegovina. The main products that Serbia exported to Bosnia and Herzegovina were Refined Petroleum ($182M), Beer ($55.4M), and Baked Goods ($53.8M). Over the past 5 years the exports of Serbia to Bosnia and Herzegovina have increased at an annualized rate of 5.37%, from $1.37B in 2018 to $1.77B in 2023.

In 2009, Serbia exported services to Bosnia and Herzegovina worth $150M, with Other business services ($38.3M), Construction services ($38M), and Travel ($23.4M) being the largest in terms of value.

Bosnia and Herzegovina-Serbia Trade: In 2023, Bosnia and Herzegovina exported $1.18B to Serbia. The main products that Bosnia and Herzegovina exported to Serbia were Electricity ($203M), Coke ($150M), and Lignite ($91.7M). Over the past 5 years the exports of Bosnia and Herzegovina to Serbia have increased at an annualized rate of 7.61%,  from $820M in 2018 to $1.18B in 2023.

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

Comparison: In 2023,  Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B). 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, Serbia exported $1.77B to Bosnia and Herzegovina. The main products exported from Serbia to Bosnia and Herzegovina were Refined Petroleum ($182M), Beer ($55.4M), and Baked Goods ($53.8M). During the last 5 years the exports of Serbia to Bosnia and Herzegovina have increased at an annualized rate of 5.37%, from $1.37B in 2018 to $1.77B in 2023.

In 2018, Bosnia and Herzegovina exported $1.18B to Serbia. The main products exported from Bosnia and Herzegovina to Serbia were Electricity ($203M), Coke ($150M), and Lignite ($91.7M). During the last 5 years the exports of Bosnia and Herzegovina to Serbia have increased at an annualized rate of 7.61%, from $820M in 2023 to $1.18B in 2018.

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

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

Latest Data

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

Serbia Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4.76B
Bosnia and Herzegovina
Top Destination
Germany$1.48B

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

In 2023, countries that imported more from Serbia than Bosnia and Herzegovina included Germany ($4.76B), Hungary ($2.26B), and Romania ($1.59B).

In 2023, countries that imported more from Bosnia and Herzegovina than Serbia included Croatia ($1.39B), Austria ($996M), and Namibia ($8.71M).

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

Comparative Advantage Serbia - Bosnia and Herzegovina

Flow
Scale

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

During 2023, Serbia had a large net trade with Bosnia and Herzegovina in the exports of Foodstuffs ($413M), Mineral Products ($240M), and Metals ($219M).

During 2018, Bosnia and Herzegovina had a large net trade with Serbia in the exports of Mineral Products ($471M), Metals ($241M), and Wood Products ($80M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Serbia Bosnia and Herzegovina+$5.61MInsulated Wire
Top Product Potential Bosnia and Herzegovina Serbia+$8.23MInsulated Wire

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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Economic Complexity

Competitive Landscape

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

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

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