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

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Bosnia and Herzegovina-Georgia Trade: In 2023, Bosnia and Herzegovina exported $661k to Georgia. The main products that Bosnia and Herzegovina exported to Georgia were Packaged Medicaments ($372k), Kraft Paper ($67.4k), and Cellulose Fibers Paper ($52.4k). Over the past 5 years the exports of Bosnia and Herzegovina to Georgia have increased at an annualized rate of 1.87%, from $602k in 2018 to $661k in 2023.

In 2023, Bosnia and Herzegovina did not export any services to Georgia.

Georgia-Bosnia and Herzegovina Trade: In 2023, Georgia exported $679k to Bosnia and Herzegovina. The main products that Georgia exported to Bosnia and Herzegovina were Other Nuts ($268k), Knit Men's Suits ($99.4k), and Molluscs ($81.7k). Over the past 5 years the exports of Georgia to Bosnia and Herzegovina have increased at an annualized rate of 68.6%, from $49.9k in 2018 to $679k in 2023.

In 2023, Georgia 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, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bosnia and Herzegovina exported $661k to Georgia. The main products exported from Bosnia and Herzegovina to Georgia were Packaged Medicaments ($372k), Kraft Paper ($67.4k), and Cellulose Fibers Paper ($52.4k). During the last 5 years the exports of Bosnia and Herzegovina to Georgia have increased at an annualized rate of 1.87%, from $602k in 2018 to $661k in 2023.

In 2018, Georgia exported $679k to Bosnia and Herzegovina. The main products exported from Georgia to Bosnia and Herzegovina were Other Nuts ($268k), Knit Men's Suits ($99.4k), and Molluscs ($81.7k). During the last 5 years the exports of Georgia to Bosnia and Herzegovina have increased at an annualized rate of 68.6%, from $49.9k in 2023 to $679k in 2018.

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

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

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 DestinationGermany$1.48B

Georgia
Top DestinationAzerbaijan$828M

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 2023, countries that imported more from Bosnia and Herzegovina than Georgia included Germany ($1.48B), Croatia ($1.39B), and Serbia ($1.18B).

In 2023, countries that imported more from Georgia than Bosnia and Herzegovina included Azerbaijan ($828M), Armenia ($712M), and Russia ($657M).

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

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 2023, Bosnia and Herzegovina had a large net trade with Georgia in the exports of Chemical Products ($391k), Paper Goods ($151k), and Transportation ($72.7k).

During 2018, Georgia had a large net trade with Bosnia and Herzegovina in the exports of Vegetable Products ($269k), Textiles ($249k), and Animal Products ($83.8k).

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 () (2023)

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

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 () (2023)

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 () (2023)

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