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2023
Flag → Flag
Exports $14.5MRnk 39 / 159
2023
Flag → Flag
Top Product $3.25MMedical Instruments
2023
Flag → Flag
Exports $19.3MRnk 110 / 211
2023
Flag → Flag
Top Product $14.3MCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC $8,639CURRENT US$
Rnk 91 / 195
2013-2023
Flag
GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195
2023
Flag
GDP PC$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Bosnia and Herzegovina-Australia Trade: In 2023, Bosnia and Herzegovina exported $14.5M to Australia. The main products that Bosnia and Herzegovina exported to Australia were Medical Instruments ($3.25M), Rubber Footwear ($1.46M), and Textile Footwear ($1.03M). Over the past 5 years the exports of Bosnia and Herzegovina to Australia have decreased at an annualized rate of 2.74%, from $16.7M in 2018 to $14.5M in 2023.

In 2019, Bosnia and Herzegovina exported services to Australia worth $8.4M, with Travel ($8.17M) and Transportation ($224k) being the largest in terms of value.

Australia-Bosnia and Herzegovina Trade: In 2023, Australia exported $19.3M to Bosnia and Herzegovina. The main products that Australia exported to Bosnia and Herzegovina were Coal Briquettes ($14.3M), Stone Processing Machines ($1.66M), and Valves ($613k). Over the past 5 years the exports of Australia to Bosnia and Herzegovina have increased at an annualized rate of 65.4%,  from $1.56M in 2018 to $19.3M in 2023.

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

Comparison: In 2023,  Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $14.5M to Australia. The main products exported from Bosnia and Herzegovina to Australia were Medical Instruments ($3.25M), Rubber Footwear ($1.46M), and Textile Footwear ($1.03M). During the last 5 years the exports of Bosnia and Herzegovina to Australia have decreased at an annualized rate of 2.74%, from $16.7M in 2018 to $14.5M in 2023.

In 2018, Australia exported $19.3M to Bosnia and Herzegovina. The main products exported from Australia to Bosnia and Herzegovina were Coal Briquettes ($14.3M), Stone Processing Machines ($1.66M), and Valves ($613k). During the last 5 years the exports of Australia to Bosnia and Herzegovina have increased at an annualized rate of 65.4%, from $1.56M in 2023 to $19.3M in 2018.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Australia Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationGermany$1.48B
Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Australia included Croatia ($1.39B), Serbia ($1.18B), and Austria ($996M).

In 2023, countries that imported more from Australia than Bosnia and Herzegovina included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Bosnia and Herzegovina - Australia

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Australia in the exports of Instruments ($3.3M), Footwear and Headwear ($3.08M), and Textiles ($2.18M).

During 2018, Australia had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($14.4M), Machines ($3.15M), and Metals ($587k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Australia+$1.21MMedical Instruments
Top Product Potential Australia Bosnia and Herzegovina+$6.91MCoal Briquettes

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

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

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