Serbia (SRB) and Bosnia and Herzegovina (BIH) Trade | The Observatory of Economic Complexity

About

Serbia-Bosnia and Herzegovina Trade: In 2022, Serbia exported $1.41B 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 12.9%, from $765M in 2017 to $1.41B 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 $723M 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 9.75%, from $454M in 2017 to $723M 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Serbia exported $1.41B 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 12.9%, from $765M in 2017 to $1.41B in 2022.

In 2017, Bosnia and Herzegovina exported $723M 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 11 years the exports of Bosnia and Herzegovina to Serbia have increased at an annualized rate of 9.75%, from $454M in 2006 to $723M in 2017.

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

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

Latest Data

Trade between Serbia () and Bosnia and Herzegovina ()

Serbia Exports

Date

Bosnia and Herzegovina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4B

Bosnia and Herzegovina
Top DestinationCroatia$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 () and Serbia () (2022)

Comparative Advantage Serbia - Bosnia and Herzegovina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Serbia () and Bosnia and Herzegovina ()

Serbia Exports

Bosnia and Herzegovina Exports

Market Competitiveness

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

Comparative Advantage Serbia - Bosnia and Herzegovina

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring