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2023
Flag → Flag
Exports $1.48BRnk 1 / 159
2023
Flag → Flag
Top Product $88.6MSeats
2023
Flag → Flag
Exports $1.81BRnk 62 / 220
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag  
GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH18.8%CURRENT US$
Rnk 144 / 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$54,343CURRENT US$
Rnk 21 / 196
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195

About

Bosnia and Herzegovina-Germany Trade: In 2023, Bosnia and Herzegovina exported $1.48B to Germany. The main products that Bosnia and Herzegovina exported to Germany were Seats ($88.6M), Motor vehicles; parts and accessories (8701 to 8705) ($79.9M), and Other Furniture ($79.4M). Over the past 5 years the exports of Bosnia and Herzegovina to Germany have increased at an annualized rate of 7.26%, from $1.04B in 2018 to $1.48B in 2023.

In 2019, Bosnia and Herzegovina exported services to Germany worth $163M, with Transportation ($92.1M), Travel ($59.4M), and Communications services ($11.4M) being the largest in terms of value.

Germany-Bosnia and Herzegovina Trade: In 2023, Germany exported $1.81B to Bosnia and Herzegovina. The main products that Germany exported to Bosnia and Herzegovina were N/A. Over the past 5 years the exports of Germany to Bosnia and Herzegovina have increased at an annualized rate of 5.87%,  from $1.36B in 2018 to $1.81B in 2023.

In 2023, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $1.48B to Germany. The main products exported from Bosnia and Herzegovina to Germany were Seats ($88.6M), Motor vehicles; parts and accessories (8701 to 8705) ($79.9M), and Other Furniture ($79.4M). During the last 5 years the exports of Bosnia and Herzegovina to Germany have increased at an annualized rate of 7.26%, from $1.04B in 2018 to $1.48B in 2023.

In 2018, Germany exported $1.81B to Bosnia and Herzegovina. There were not main exports from Germany to Bosnia and Herzegovina in 2018. During the last 5 years the exports of Germany to Bosnia and Herzegovina have increased at an annualized rate of 5.87%, from $1.36B in 2023 to $1.81B in 2018.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Germany Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationGermany$1.48B
Germany
Top DestinationUnited States$157B

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

In 2023, no countries were registered that imported more from Bosnia and Herzegovina than from Germany.

In 2023, countries that imported more from Germany than Bosnia and Herzegovina included United States ($157B), France ($118B), and Netherlands ($108B).

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

Comparative Advantage Bosnia and Herzegovina - Germany

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Germany in the exports of Machines ($333M), Metals ($255M), and Miscellaneous ($225M).

During 2018, Germany had a large net trade with Bosnia and Herzegovina in the exports of Transportation ($454M), Machines ($298M), and Metals ($222M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Germany+$33.2MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Germany Bosnia and Herzegovina+$44.7MCars

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

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

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