Flag Bosnia and Herzegovina

Econ Complexity (2018): 0.57, Rank 42 of 137

Product Exports (2018): $7.83B, Rank 98 of 222

Exports Per Capita (2018): $2.35k, Rank N/A of N/A

Product Imports (2018): $11.6B, Rank 92 of 221

Imports Per Capita (2018): $3.49k, Rank N/A of N/A

Service Exports (2017): $1.51B, Rank 96 of 139

Service Imports (2017): $541M, Rank 117 of 139

Overview: This page contains the latest international trade data for Bosnia and Herzegovina, including service trade data, and tariffs. In 2018 Bosnia and Herzegovina was the number 114 economy in the world in terms of GDP (current US$), the number 98 in total exports, the number 92 in total imports, and the number 42 most complex economy according to the Economic Complexity Index (ECI). In 2018, Bosnia and Herzegovina exported $7.83B and imported $11.6B, resulting in a negative trade balance of -$3.78B. In 2018, Bosnia and Herzegovina's exports per capita were $2.35k and its imports per capita were $3.49k.

Trade: The top exports of Bosnia and Herzegovina are Electricity ($445M), Seats ($385M), Raw Aluminium ($275M), Other Furniture ($211M), and Leather Footwear ($210M). The top imports of Bosnia and Herzegovina are Refined Petroleum ($719M), Cars ($400M), Crude Petroleum ($332M), Packaged Medicaments ($289M), and Coal Briquettes ($201M).

Destinations: Bosnia and Herzegovina exports mostly to Germany ($1.07B), Italy ($1.01B), Croatia ($912M), Serbia ($836M), and Slovenia ($649M), and imports mostly from Croatia ($1.54B), Serbia ($1.51B), Germany ($1.14B), Italy ($990M), and Slovenia ($880M).

Location: Bosnia and Herzegovina borders Croatia, Montenegro, and Serbia by land.

Yearly Exports

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Value
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Top Export (2018): Electricity, $445M

Top Destination (2018): Germany, $1.07B

In 2018 Bosnia and Herzegovina exported a total of $7.83B, making it the number 98 exporter in the world. During the last five reported years the exports of Bosnia and Herzegovina have changed by $2B from $5.82B in 2013 to $7.83B in 2018.

The most recent exports are led by Electricity ($445M), Seats ($385M), Raw Aluminium ($275M), Other Furniture ($211M), and Leather Footwear ($210M). The most common destination for the exports of Bosnia and Herzegovina are Germany ($1.07B), Italy ($1.01B), Croatia ($912M), Serbia ($836M), and Slovenia ($649M).

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Yearly Imports

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Depth

Top Import (2018): Refined Petroleum, $719M

Top Origin (2018): Croatia, $1.54B

In 2018 Bosnia and Herzegovina imported $11.6B, making it the number 92 trade destination in the world. During the last five reported years the imports of Bosnia and Herzegovina changed by $1.26B from $10.4B in 2013 to $11.6B in 2018.

The most recent imports of Bosnia and Herzegovina are led by Refined Petroleum ($719M), Cars ($400M), Crude Petroleum ($332M), Packaged Medicaments ($289M), and Coal Briquettes ($201M). The most common import partners for Bosnia and Herzegovina are Croatia ($1.54B), Serbia ($1.51B), Germany ($1.14B), Italy ($990M), and Slovenia ($880M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Bosnia and Herzegovina Exports Services (2017): $1.51B

Bosnia and Herzegovina Imports Services (2017): $541M

In 2017, Bosnia and Herzegovina exported $1.51B worth of services. The top services exported by Bosnia and Herzegovina in 2017 were Personal travel ($733M), Other transport ($320M), Business travel ($97M), Air transport ($89.2M), and Telecommunications services ($88.2M).

The top services imported by Bosnia and Herzegovina in 2017 were Other transport ($134M), Personal travel ($119M), Air transport ($96.6M), Financial services ($45M), and Telecommunications services ($43.6M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Bosnia and Herzegovina. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Bosnia and Herzegovina are Air conditioners window/wall types, self-contained (15%) and Air gun pellets, parts of shotgun cartridges (15%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Bosnia and Herzegovina are:
136: Most Favoured Nation duty rate treatement
180: Preferential tariff for CEFTA countries
220: Preferential tariff for European Union countries (SAA) Stabilisation and Association Agreement
238: Preferential tariff for Iceland
242: Preferential tariff for Iran
281: Preferential tariff for Norway
307: Preferential tariff for Switzerland and Liechtenstein
322: Preferential tariff for Turkey

Economic Complexity

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Economic Complexity Ranking

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During the last 15 years Bosnia and Herzegovina's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨45th to the 42nd⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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Bosnia and Herzegovina has a high level of specialization in Sulfides (94.3), Electricity (86.3), Other Inorganic Acids Salts (67.7), Tar (52.2), and Other Zinc Products (51.2). Specialization is measured using RCA, an index that takes the ratio between Bosnia and Herzegovina observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Bosnia and Herzegovina according to the product complexity index (PCI) are Calendaring, rolling machines, except for metal, glass (1.92), Gaskets and similar joints of metal sheet (1.86), Screws, bolts, nuts, rivets, washers, etc, iron, steel (1.64), Knives, cutting blades, for machines and appliances (1.58), and Parts and accessories for machine tools (1.52). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Bosnia and Herzegovina according to the relatedness index, are Knit Sweaters (0.27), Non-Knit Women's Suits (0.27), Knit Women's Suits (0.27), Other Vegetables (0.27), and Non-Knit Women's Shirts (0.26). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Bosnia and Herzegovina is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.