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Pricing

2022
Flag → Flag
Exports $29.7MRnk 33 / 162
2022
Flag → Flag
Top Product $5.82MSawn Wood
2022
Flag → Flag
Exports $33.9MRnk 23 / 129
2022
Flag → Flag
Top Product $8.03MFootwear Parts
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
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Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
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 GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
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GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
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GDP PC $7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186
2022
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GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
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GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Bosnia and Herzegovina-Albania Trade: In 2022, Bosnia and Herzegovina exported $29.7M to Albania. The main products that Bosnia and Herzegovina exported to Albania were Sawn Wood ($5.82M), Packaged Medicaments ($1.67M), and Textile Footwear ($1.61M). Over the past 5 years the exports of Bosnia and Herzegovina to Albania have increased at an annualized rate of 3.83%, from $24.6M in 2017 to $29.7M in 2022.

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

Albania-Bosnia and Herzegovina Trade: In 2022, Albania exported $33.9M to Bosnia and Herzegovina. The main products that Albania exported to Bosnia and Herzegovina were Footwear Parts ($8.03M), Petroleum Coke ($3.56M), and Tomatoes ($2.93M). Over the past 5 years the exports of Albania to Bosnia and Herzegovina have increased at an annualized rate of 21.6%,  from $12.7M in 2017 to $33.9M in 2022.

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

Comparison: In 2022,  Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $29.7M to Albania. The main products exported from Bosnia and Herzegovina to Albania were Sawn Wood ($5.82M), Packaged Medicaments ($1.67M), and Textile Footwear ($1.61M). During the last 5 years the exports of Bosnia and Herzegovina to Albania have increased at an annualized rate of 3.83%, from $24.6M in 2017 to $29.7M in 2022.

In 2017, Albania exported $33.9M to Bosnia and Herzegovina. The main products exported from Albania to Bosnia and Herzegovina were Footwear Parts ($8.03M), Petroleum Coke ($3.56M), and Tomatoes ($2.93M). During the last 5 years the exports of Albania to Bosnia and Herzegovina have increased at an annualized rate of 21.6%, from $12.7M in 2022 to $33.9M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Albania Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Albania included Croatia ($1.47B), Serbia ($1.35B), and Germany ($1.46B).

In 2022, countries that imported more from Albania than Bosnia and Herzegovina included Italy ($1.75B), Greece ($421M), and Spain ($309M).

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

Comparative Advantage Bosnia and Herzegovina - Albania

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Albania in the exports of Wood Products ($6.78M), Footwear and Headwear ($5.09M), and Textiles ($3.58M).

During 2017, Albania had a large net trade with Bosnia and Herzegovina in the exports of Vegetable Products ($11.8M), Footwear and Headwear ($11.7M), and Mineral Products ($3.85M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Albania+$490kIron Structures
Top Product Potential Albania Bosnia and Herzegovina+$634kLeather Footwear

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 Bosnia and Herzegovina and Albania. This means that a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Bosnia and Herzegovina.

Product Space of Bosnia and Herzegovina (Flag) and Albania (Flag) (2022)

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