2022
Flag  
GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
 GDP
$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH
42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
GDP PC 
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
Rnk 32 / 186
2022
Flag
GDP PC
$7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH
61.8%CURRENT US$
Rnk 25 / 186

About

Serbia-Bosnia and Herzegovina Trade: In 2022, Serbia exported $2.14B to Bosnia and Herzegovina. The main products that Serbia exported to Bosnia and Herzegovina were Refined Petroleum ($267M), Electricity ($97.6M), and Hot-Rolled Iron ($58.7M). Over the past 5 years the exports of Serbia to Bosnia and Herzegovina have increased at an annualized rate of 8.71%, from $1.41B in 2017 to $2.14B in 2022.

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 2022, Bosnia and Herzegovina exported $1.35B to Serbia. The main products that Bosnia and Herzegovina exported to Serbia were Electricity ($234M), Coke ($234M), and Hot-Rolled Iron Bars ($97.9M). Over the past 5 years the exports of Bosnia and Herzegovina to Serbia have increased at an annualized rate of 13.2%,  from $723M in 2017 to $1.35B in 2022.

In 2022, Bosnia and Herzegovina did not export any services to Serbia.

Comparison: In 2022,  Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $2.14B to Bosnia and Herzegovina. The main products exported from Serbia to Bosnia and Herzegovina were Refined Petroleum ($267M), Electricity ($97.6M), and Hot-Rolled Iron ($58.7M). During the last 5 years the exports of Serbia to Bosnia and Herzegovina have increased at an annualized rate of 8.71%, from $1.41B in 2017 to $2.14B in 2022.

In 2017, Bosnia and Herzegovina exported $1.35B to Serbia. The main products exported from Bosnia and Herzegovina to Serbia were Electricity ($234M), Coke ($234M), and Hot-Rolled Iron Bars ($97.9M). During the last 5 years the exports of Bosnia and Herzegovina to Serbia have increased at an annualized rate of 13.2%, from $723M in 2022 to $1.35B in 2017.

Exports from Serbia (Flag) to Bosnia and Herzegovina (Flag) (2022)

Exports from Bosnia and Herzegovina (Flag) to Serbia (Flag) (2022)

Latest Data

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

Serbia Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Bosnia and Herzegovina
Top Destination
Croatia$1.47B

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 2022, countries that imported more from Serbia than Bosnia and Herzegovina included Germany ($4B), Hungary ($1.69B), and China ($1.3B).

In 2022, countries that imported more from Bosnia and Herzegovina than Serbia included Croatia ($1.47B), Austria ($942M), and Luxembourg ($53.6M).

Difference in imports from Bosnia and Herzegovina (Flag) and Serbia (Flag) (2022)

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 2022, Serbia had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($410M), Foodstuffs ($334M), and Metals ($286M).

During 2017, Bosnia and Herzegovina had a large net trade with Serbia in the exports of Mineral Products ($570M), Metals ($276M), and Wood Products ($98.3M).

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) (2022)

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