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2023
Flag → Flag
Exports $184kRnk 95 / 137
2023
Flag → Flag
Top Product $137kRaw Aluminium
2023
Flag → Flag
Exports $1.58MRnk 81 / 159
2023
Flag → Flag
Top Product $424kPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
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Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag  
GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
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GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
 GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
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GDP PC $7,126CURRENT US$
Rnk 103 / 195
2013-2023
Flag
GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195
2023
Flag
GDP PC$8,639CURRENT US$
Rnk 91 / 196
2013-2023
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GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195

About

Azerbaijan-Bosnia and Herzegovina Trade: In 2023, Azerbaijan exported $184k to Bosnia and Herzegovina. The main products that Azerbaijan exported to Bosnia and Herzegovina were Raw Aluminium ($137k), Ethylene Polymers ($32.2k), and Perfume Plants ($5.03k). Over the past 5 years the exports of Azerbaijan to Bosnia and Herzegovina have increased at an annualized rate of 36.2%, from $39.1k in 2018 to $184k in 2023.

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

Bosnia and Herzegovina-Azerbaijan Trade: In 2023, Bosnia and Herzegovina exported $1.58M to Azerbaijan. The main products that Bosnia and Herzegovina exported to Azerbaijan were Packaged Medicaments ($424k), Beauty Products ($158k), and Hydraulic Turbines ($152k). Over the past 5 years the exports of Bosnia and Herzegovina to Azerbaijan have increased at an annualized rate of 17.3%,  from $713k in 2018 to $1.58M in 2023.

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

Comparison: In 2023,  Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B). 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, Azerbaijan exported $184k to Bosnia and Herzegovina. The main products exported from Azerbaijan to Bosnia and Herzegovina were Raw Aluminium ($137k), Ethylene Polymers ($32.2k), and Perfume Plants ($5.03k). During the last 5 years the exports of Azerbaijan to Bosnia and Herzegovina have increased at an annualized rate of 36.2%, from $39.1k in 2018 to $184k in 2023.

In 2018, Bosnia and Herzegovina exported $1.58M to Azerbaijan. The main products exported from Bosnia and Herzegovina to Azerbaijan were Packaged Medicaments ($424k), Beauty Products ($158k), and Hydraulic Turbines ($152k). During the last 5 years the exports of Bosnia and Herzegovina to Azerbaijan have increased at an annualized rate of 17.3%, from $713k in 2023 to $1.58M in 2018.

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

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

Latest Data

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

Azerbaijan Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
Bosnia and Herzegovina
Top DestinationGermany$1.48B

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

In 2023, countries that imported more from Azerbaijan than Bosnia and Herzegovina included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

In 2023, countries that imported more from Bosnia and Herzegovina than Azerbaijan included Serbia ($1.18B), Austria ($996M), and Slovenia ($825M).

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

Comparative Advantage Azerbaijan - Bosnia and Herzegovina

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with Bosnia and Herzegovina in the exports of Metals ($138k), Plastics and Rubbers ($32.2k), and Vegetable Products ($5.03k).

During 2018, Bosnia and Herzegovina had a large net trade with Azerbaijan in the exports of Chemical Products ($669k), Machines ($357k), and Animal Products ($129k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Bosnia and Herzegovina+$2.17MRefined Petroleum
Top Product Potential Bosnia and Herzegovina Azerbaijan+$341kPackaged Medicaments

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 Azerbaijan and Bosnia and Herzegovina. This means that a dot/product with the flag of Azerbaijan 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 Azerbaijan.

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

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