2022
Flag  
GDP
$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH
42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP
$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 128 / 186
2022
Flag
GDP PC 
$7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH
61.8%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC
$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH
7.3%CURRENT US$
Rnk 125 / 186

About

Bosnia and Herzegovina-Switzerland Trade: In 2022, Bosnia and Herzegovina exported $160M to Switzerland. The main products that Bosnia and Herzegovina exported to Switzerland were Other Furniture ($16.4M), Iron Structures ($14.8M), and Plastic Building Materials ($7.88M). Over the past 5 years the exports of Bosnia and Herzegovina to Switzerland have increased at an annualized rate of 5.34%, from $123M in 2017 to $160M in 2022.

In 2019, Bosnia and Herzegovina exported services to Switzerland worth $38.6M, with Travel ($15.6M), Personal, cultural, and recreational services ($14.7M), and Transportation ($8.4M) being the largest in terms of value.

Switzerland-Bosnia and Herzegovina Trade: In 2022, Switzerland exported $135M to Bosnia and Herzegovina. The main products that Switzerland exported to Bosnia and Herzegovina were Packaged Medicaments ($26.5M), Vaccines, blood, antisera, toxins and cultures ($24.9M), and Cars ($14M). Over the past 5 years the exports of Switzerland to Bosnia and Herzegovina have increased at an annualized rate of 10.2%,  from $83M in 2017 to $135M in 2022.

In 2022, Switzerland 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, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $160M to Switzerland. The main products exported from Bosnia and Herzegovina to Switzerland were Other Furniture ($16.4M), Iron Structures ($14.8M), and Plastic Building Materials ($7.88M). During the last 5 years the exports of Bosnia and Herzegovina to Switzerland have increased at an annualized rate of 5.34%, from $123M in 2017 to $160M in 2022.

In 2017, Switzerland exported $135M to Bosnia and Herzegovina. The main products exported from Switzerland to Bosnia and Herzegovina were Packaged Medicaments ($26.5M), Vaccines, blood, antisera, toxins and cultures ($24.9M), and Cars ($14M). During the last 5 years the exports of Switzerland to Bosnia and Herzegovina have increased at an annualized rate of 10.2%, from $83M in 2022 to $135M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Switzerland Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top Destination
Croatia$1.47B
Switzerland
Top Destination
United States$61.7B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Switzerland included Croatia ($1.47B), Serbia ($1.35B), and Montenegro ($306M).

In 2022, countries that imported more from Switzerland than Bosnia and Herzegovina included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

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

Comparative Advantage Bosnia and Herzegovina - Switzerland

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Switzerland in the exports of Metals ($31.3M), Miscellaneous ($31.2M), and Textiles ($23.5M).

During 2017, Switzerland had a large net trade with Bosnia and Herzegovina in the exports of Chemical Products ($57.3M), Transportation ($20M), and Machines ($17.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Switzerland+$6.76MOther Furniture
Top Product Potential Switzerland Bosnia and Herzegovina+$15.6MPackaged 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 Switzerland. This means that a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Switzerland. Similarly, a dot/product with the flag of Switzerland indicates it has a comparative advantage over Bosnia and Herzegovina.

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

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