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Pricing

2022
Flag → Flag
Exports $75.5MRnk 19 / 162
2022
Flag → Flag
Top Product $6.57MSeats
2022
Flag → Flag
Exports $64.1MRnk 117 / 224
2022
Flag → Flag
Top Product $5.87MPaintings
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Bosnia and Herzegovina-United Kingdom Trade: In 2022, Bosnia and Herzegovina exported $75.5M to United Kingdom. The main products that Bosnia and Herzegovina exported to United Kingdom were Seats ($6.57M), Aluminium Structures ($5.88M), and Rubber Footwear ($5.04M). Over the past 5 years the exports of Bosnia and Herzegovina to United Kingdom have increased at an annualized rate of 6.68%, from $54.6M in 2017 to $75.5M in 2022.

In 2019, Bosnia and Herzegovina exported services to United Kingdom worth $26.3M, with Travel ($20.6M), Transportation ($4.7M), and Communications services ($1.01M) being the largest in terms of value.

United Kingdom-Bosnia and Herzegovina Trade: In 2022, United Kingdom exported $64.1M to Bosnia and Herzegovina. The main products that United Kingdom exported to Bosnia and Herzegovina were Paintings ($5.87M), Cars ($4.56M), and Large Construction Vehicles ($4.08M). Over the past 5 years the exports of United Kingdom to Bosnia and Herzegovina have decreased at an annualized rate of 2.39%,  from $72.3M in 2017 to $64.1M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $75.5M to United Kingdom. The main products exported from Bosnia and Herzegovina to United Kingdom were Seats ($6.57M), Aluminium Structures ($5.88M), and Rubber Footwear ($5.04M). During the last 5 years the exports of Bosnia and Herzegovina to United Kingdom have increased at an annualized rate of 6.68%, from $54.6M in 2017 to $75.5M in 2022.

In 2017, United Kingdom exported $64.1M to Bosnia and Herzegovina. The main products exported from United Kingdom to Bosnia and Herzegovina were Paintings ($5.87M), Cars ($4.56M), and Large Construction Vehicles ($4.08M). During the last 5 years the exports of United Kingdom to Bosnia and Herzegovina have decreased at an annualized rate of 2.39%, from $72.3M in 2022 to $64.1M in 2017.

Exports from Bosnia and Herzegovina (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Bosnia and Herzegovina (Flag) (2022)

Latest Data

Trade between Bosnia and Herzegovina (Flag) and United Kingdom (Flag)

Bosnia and Herzegovina Exports

United Kingdom Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Bosnia and Herzegovina than United Kingdom included Croatia ($1.47B), Serbia ($1.35B), and Slovenia ($811M).

In 2022, countries that imported more from United Kingdom than Bosnia and Herzegovina included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Bosnia and Herzegovina (Flag) (2022)

Comparative Advantage Bosnia and Herzegovina - United Kingdom

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with United Kingdom in the exports of Machines ($12.1M), Miscellaneous ($11.8M), and Textiles ($11M).

During 2017, United Kingdom had a large net trade with Bosnia and Herzegovina in the exports of Machines ($14.9M), Chemical Products ($10.6M), and Transportation ($8.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina United Kingdom+$8.83MSeats
Top Product Potential United Kingdom Bosnia and Herzegovina+$8.15MCars

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

Product Space of Bosnia and Herzegovina (Flag) and United Kingdom (Flag) (2022)

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