Bosnia and Herzegovina (BIH) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Bosnia and Herzegovina-Georgia Trade: In 2022, Bosnia and Herzegovina exported $530k to Georgia. The main products that Bosnia and Herzegovina exported to Georgia were Packaged Medicaments ($229k), Refined Petroleum ($143k), and Chocolate ($78.6k). Over the past 5 years the exports of Bosnia and Herzegovina to Georgia have increased at an annualized rate of 5.29%, from $409k in 2017 to $530k in 2022.

In 2022, Bosnia and Herzegovina did not export any services to Georgia.

Georgia-Bosnia and Herzegovina Trade: In 2022, Georgia exported $294k to Bosnia and Herzegovina. The main products that Georgia exported to Bosnia and Herzegovina were Molluscs ($131k), Knit T-shirts ($46.1k), and Knit Sweaters ($24.6k). Over the past 5 years the exports of Georgia to Bosnia and Herzegovina have increased at an annualized rate of 23.6%, from $102k in 2017 to $294k in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bosnia and Herzegovina exported $530k to Georgia. The main products exported from Bosnia and Herzegovina to Georgia were Packaged Medicaments ($229k), Refined Petroleum ($143k), and Chocolate ($78.6k). During the last 5 years the exports of Bosnia and Herzegovina to Georgia have increased at an annualized rate of 5.29%, from $409k in 2017 to $530k in 2022.

In 2017, Georgia exported $294k to Bosnia and Herzegovina. The main products exported from Georgia to Bosnia and Herzegovina were Molluscs ($131k), Knit T-shirts ($46.1k), and Knit Sweaters ($24.6k). During the last 5 years the exports of Georgia to Bosnia and Herzegovina have increased at an annualized rate of 23.6%, from $102k in 2022 to $294k in 2017.

Exports from Bosnia and Herzegovina () to Georgia () (2022)

Exports from Georgia () to Bosnia and Herzegovina () (2022)

Latest Data

Trade between Bosnia and Herzegovina () and Georgia ()

Bosnia and Herzegovina Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Bosnia and Herzegovina than Georgia included Croatia ($1.47B), Germany ($1.46B), and Serbia ($1.35B).

In 2022, countries that imported more from Georgia than Bosnia and Herzegovina included China ($759M), Azerbaijan ($668M), and Russia ($642M).

Difference in imports from Georgia () and Bosnia and Herzegovina () (2022)

Comparative Advantage Bosnia and Herzegovina - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bosnia and Herzegovina had a large net trade with Georgia in the exports of Chemical Products ($268k), Mineral Products ($143k), and Foodstuffs ($95.3k).

During 2017, Georgia had a large net trade with Bosnia and Herzegovina in the exports of Animal Products ($131k), Textiles ($99.3k), and Metals ($24.5k).

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 Georgia+$279kPackaged Medicaments

Top Product Potential Georgia Bosnia and Herzegovina+$99.2kKnit T-shirts

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

About

Historical Data

Bilateral Trade by Products

Exports from Bosnia and Herzegovina () to Georgia () (2022)

Exports from Georgia () to Bosnia and Herzegovina () (2022)

Latest Data

Trade between Bosnia and Herzegovina () and Georgia ()

Bosnia and Herzegovina Exports

Georgia Exports

Market Competitiveness

Difference in imports from Georgia () and Bosnia and Herzegovina () (2022)

Comparative Advantage Bosnia and Herzegovina - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bosnia and Herzegovina () and Georgia () (2022)

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