Bosnia and Herzegovina (BIH) and Czechia (CZE) Trade | The Observatory of Economic Complexity

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Bosnia and Herzegovina-Czechia Trade: In 2023, Bosnia and Herzegovina exported $142M to Czechia. The main products that Bosnia and Herzegovina exported to Czechia were Seats ($16.1M), Carbonates ($11.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($10.2M). Over the past 5 years the exports of Bosnia and Herzegovina to Czechia have increased at an annualized rate of 2.31%, from $126M in 2018 to $142M in 2023.

In 2019, Bosnia and Herzegovina exported services to Czechia worth $12.1M, with Travel ($7.5M), Transportation ($4.03M), and Communications services ($560k) being the largest in terms of value.

Czechia-Bosnia and Herzegovina Trade: In 2023, Czechia exported $290M to Bosnia and Herzegovina. The main products that Czechia exported to Bosnia and Herzegovina were Cars ($79.4M), Coal Briquettes ($11M), and Rough Wood ($10.7M). Over the past 5 years the exports of Czechia to Bosnia and Herzegovina have increased at an annualized rate of 7.32%, from $204M in 2018 to $290M in 2023.

In 2023, Czechia 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, Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bosnia and Herzegovina exported $142M to Czechia. The main products exported from Bosnia and Herzegovina to Czechia were Seats ($16.1M), Carbonates ($11.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($10.2M). During the last 5 years the exports of Bosnia and Herzegovina to Czechia have increased at an annualized rate of 2.31%, from $126M in 2018 to $142M in 2023.

In 2018, Czechia exported $290M to Bosnia and Herzegovina. The main products exported from Czechia to Bosnia and Herzegovina were Cars ($79.4M), Coal Briquettes ($11M), and Rough Wood ($10.7M). During the last 5 years the exports of Czechia to Bosnia and Herzegovina have increased at an annualized rate of 7.32%, from $204M in 2023 to $290M in 2018.

Exports from Bosnia and Herzegovina () to Czechia () (2023)

Exports from Czechia () to Bosnia and Herzegovina () (2023)

Latest Data

Trade between Bosnia and Herzegovina () and Czechia ()

Bosnia and Herzegovina Exports

Date

Czechia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationGermany$1.48B

Czechia
Top DestinationGermany$64.2B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Czechia included Croatia ($1.39B), Montenegro ($283M), and Serbia ($1.18B).

In 2023, countries that imported more from Czechia than Bosnia and Herzegovina included Germany ($64.2B), Slovakia ($15.8B), and Poland ($13.8B).

Difference in imports from Czechia () and Bosnia and Herzegovina () (2023)

Comparative Advantage Bosnia and Herzegovina - Czechia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bosnia and Herzegovina had a large net trade with Czechia in the exports of Miscellaneous ($26.5M), Metals ($18.8M), and Machines ($17.3M).

During 2018, Czechia had a large net trade with Bosnia and Herzegovina in the exports of Transportation ($92.5M), Metals ($37.2M), and Machines ($35.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bosnia and Herzegovina Czechia+$7.27MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Czechia Bosnia and Herzegovina+$14.2MCars

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

Year

This visualization shows the product space at the HS4 level with the flags of Bosnia and Herzegovina and Czechia. This means that a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Czechia. Similarly, a dot/product with the flag of Czechia indicates it has a comparative advantage over Bosnia and Herzegovina.

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Historical Data

Bilateral Trade by Products

Exports from Bosnia and Herzegovina () to Czechia () (2023)

Exports from Czechia () to Bosnia and Herzegovina () (2023)

Latest Data

Trade between Bosnia and Herzegovina () and Czechia ()

Bosnia and Herzegovina Exports

Czechia Exports

Market Competitiveness

Difference in imports from Czechia () and Bosnia and Herzegovina () (2023)

Comparative Advantage Bosnia and Herzegovina - Czechia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bosnia and Herzegovina () and Czechia () (2023)

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