Bosnia and Herzegovina (BIH) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Bosnia and Herzegovina-Iraq Trade: In 2023, Bosnia and Herzegovina exported $12.8M to Iraq. The main products that Bosnia and Herzegovina exported to Iraq were N/A. Over the past 5 years the exports of Bosnia and Herzegovina to Iraq have increased at an annualized rate of 111%, from $306k in 2018 to $12.8M in 2023.

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

Iraq-Bosnia and Herzegovina Trade: In 2023, Iraq exported $17.8k to Bosnia and Herzegovina. The main products that Iraq exported to Bosnia and Herzegovina were Refined Petroleum ($17.8k). Over the past 5 years the exports of Iraq to Bosnia and Herzegovina have decreased at an annualized rate of 14.3%, from $38.5k in 2018 to $17.8k in 2023.

In 2023, Iraq 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, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bosnia and Herzegovina exported $12.8M to Iraq. There were not main exports from Bosnia and Herzegovina to Iraq in 2023. During the last 5 years the exports of Bosnia and Herzegovina to Iraq have increased at an annualized rate of 111%, from $306k in 2018 to $12.8M in 2023.

In 2018, Iraq exported $17.8k to Bosnia and Herzegovina. The main products exported from Iraq to Bosnia and Herzegovina were Refined Petroleum ($17.8k). During the last 5 years the exports of Iraq to Bosnia and Herzegovina have decreased at an annualized rate of 14.3%, from $38.5k in 2023 to $17.8k in 2018.

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

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

Latest Data

Trade between Bosnia and Herzegovina () and Iraq ()

Bosnia and Herzegovina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationGermany$1.48B

Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Iraq included Croatia ($1.39B), Slovenia ($825M), and Austria ($996M).

In 2023, countries that imported more from Iraq than Bosnia and Herzegovina included China ($35.5B), India ($29.8B), and United States ($8.92B).

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

Comparative Advantage Bosnia and Herzegovina - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bosnia and Herzegovina had a large net trade with Iraq in the exports of Weapons ($9.47M), Paper Goods ($1.6M), and Chemical Products ($1.15M).

During 2018, Iraq had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($17.8k).

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 Iraq+$911kPackaged Medicaments

Top Product Potential Iraq Bosnia and Herzegovina+$604kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Bosnia and Herzegovina () and Iraq ()

Bosnia and Herzegovina Exports

Market Competitiveness

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

Comparative Advantage Bosnia and Herzegovina - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bosnia and Herzegovina () and Iraq () (2023)

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