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2023
Flag → Flag
Exports $164MRnk 12 / 159
2023
Flag → Flag
Top Product $25.4MAluminium Oxide
2023
Flag → Flag
Exports $358MRnk 41 / 201
2023
Flag → Flag
Top Product $26.6MWheat
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
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Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
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GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
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 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
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GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
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GDP PC $8,639CURRENT US$
Rnk 91 / 195
2013-2023
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GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195
2023
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GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
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GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Bosnia and Herzegovina-Hungary Trade: In 2023, Bosnia and Herzegovina exported $164M to Hungary. The main products that Bosnia and Herzegovina exported to Hungary were Aluminium Oxide ($25.4M), Leather Footwear ($18.8M), and Carbonates ($13.5M). Over the past 5 years the exports of Bosnia and Herzegovina to Hungary have decreased at an annualized rate of 4.32%, from $204M in 2018 to $164M in 2023.

In 2019, Bosnia and Herzegovina exported services to Hungary worth $31.7M, with Transportation ($17.7M) and Travel ($14M) being the largest in terms of value.

Hungary-Bosnia and Herzegovina Trade: In 2023, Hungary exported $358M to Bosnia and Herzegovina. The main products that Hungary exported to Bosnia and Herzegovina were Wheat ($26.6M), Sodium or Potassium Peroxides ($18.2M), and Flavored Water ($13.9M). Over the past 5 years the exports of Hungary to Bosnia and Herzegovina have increased at an annualized rate of 2.12%,  from $323M in 2018 to $358M in 2023.

In 2023, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $164M to Hungary. The main products exported from Bosnia and Herzegovina to Hungary were Aluminium Oxide ($25.4M), Leather Footwear ($18.8M), and Carbonates ($13.5M). During the last 5 years the exports of Bosnia and Herzegovina to Hungary have decreased at an annualized rate of 4.32%, from $204M in 2018 to $164M in 2023.

In 2018, Hungary exported $358M to Bosnia and Herzegovina. The main products exported from Hungary to Bosnia and Herzegovina were Wheat ($26.6M), Sodium or Potassium Peroxides ($18.2M), and Flavored Water ($13.9M). During the last 5 years the exports of Hungary to Bosnia and Herzegovina have increased at an annualized rate of 2.12%, from $323M in 2023 to $358M in 2018.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Hungary Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationGermany$1.48B
Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Hungary included Montenegro ($283M), Namibia ($8.71M), and San Marino ($4.73M).

In 2023, countries that imported more from Hungary than Bosnia and Herzegovina included Germany ($37.4B), Romania ($8.43B), and Italy ($9.08B).

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

Comparative Advantage Bosnia and Herzegovina - Hungary

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Hungary in the exports of Chemical Products ($42.5M), Metals ($30.7M), and Footwear and Headwear ($26.6M).

During 2018, Hungary had a large net trade with Bosnia and Herzegovina in the exports of Foodstuffs ($53M), Plastics and Rubbers ($43.3M), and Chemical Products ($42.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Hungary+$6.58MInsulated Wire
Top Product Potential Hungary Bosnia and Herzegovina+$7.88MCars

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

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

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