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Pricing

2022
Flag → Flag
Exports $942MRnk 5 / 162
2022
Flag → Flag
Top Product $130MInsulated Wire
2022
Flag → Flag
Exports $618MRnk 38 / 217
2022
Flag → Flag
Top Product $43.2MElectric Motor Parts
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
GDP PC $7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

Bosnia and Herzegovina-Austria Trade: In 2022, Bosnia and Herzegovina exported $942M to Austria. The main products that Bosnia and Herzegovina exported to Austria were Insulated Wire ($130M), Electric Motor Parts ($74.9M), and Iron Structures ($67.2M). Over the past 5 years the exports of Bosnia and Herzegovina to Austria have increased at an annualized rate of 11.4%, from $548M in 2017 to $942M in 2022.

In 2019, Bosnia and Herzegovina exported services to Austria worth $107M, with Transportation ($55.9M), Travel ($46M), and Communications services ($4.7M) being the largest in terms of value.

Austria-Bosnia and Herzegovina Trade: In 2022, Austria exported $618M to Bosnia and Herzegovina. The main products that Austria exported to Bosnia and Herzegovina were Electric Motor Parts ($43.2M), Tanned Equine and Bovine Hides ($27.6M), and Other Tin Products ($25M). Over the past 5 years the exports of Austria to Bosnia and Herzegovina have increased at an annualized rate of 8.47%,  from $411M in 2017 to $618M in 2022.

In 2022, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $942M to Austria. The main products exported from Bosnia and Herzegovina to Austria were Insulated Wire ($130M), Electric Motor Parts ($74.9M), and Iron Structures ($67.2M). During the last 5 years the exports of Bosnia and Herzegovina to Austria have increased at an annualized rate of 11.4%, from $548M in 2017 to $942M in 2022.

In 2017, Austria exported $618M to Bosnia and Herzegovina. The main products exported from Austria to Bosnia and Herzegovina were Electric Motor Parts ($43.2M), Tanned Equine and Bovine Hides ($27.6M), and Other Tin Products ($25M). During the last 5 years the exports of Austria to Bosnia and Herzegovina have increased at an annualized rate of 8.47%, from $411M in 2022 to $618M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Austria Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Austria included Montenegro ($306M), Serbia ($1.35B), and North Korea ($97.7k).

In 2022, countries that imported more from Austria than Bosnia and Herzegovina included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

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

Comparative Advantage Bosnia and Herzegovina - Austria

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Austria in the exports of Machines ($382M), Metals ($205M), and Miscellaneous ($52.1M).

During 2017, Austria had a large net trade with Bosnia and Herzegovina in the exports of Metals ($159M), Machines ($158M), and Plastics and Rubbers ($49.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Austria+$4.78MOther Furniture
Top Product Potential Austria Bosnia and Herzegovina+$5.58MPackaged 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 Bosnia and Herzegovina and Austria. This means that a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Austria. Similarly, a dot/product with the flag of Austria indicates it has a comparative advantage over Bosnia and Herzegovina.

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

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