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

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Bosnia and Herzegovina-Iraq Trade: In 2022, Bosnia and Herzegovina exported $2.93M to Iraq. The main products that Bosnia and Herzegovina exported to Iraq were Kraft Paper ($1.51M), Packaged Medicaments ($872k), and Baked Goods ($218k). Over the past 5 years the exports of Bosnia and Herzegovina to Iraq have increased at an annualized rate of 8.89%, from $1.92M in 2017 to $2.93M in 2022.

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

Iraq-Bosnia and Herzegovina Trade: In 2022, Iraq exported $82.4k to Bosnia and Herzegovina. The main products that Iraq exported to Bosnia and Herzegovina were Refined Petroleum ($81.9k), Sports Equipment ($133), and Non-Knit Women's Suits ($119). Over the past 5 years the exports of Iraq to Bosnia and Herzegovina have increased at an annualized rate of 17.3%, from $7.56k in 2017 to $82.4k in 2022.

In 2022, Iraq 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, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bosnia and Herzegovina exported $2.93M to Iraq. The main products exported from Bosnia and Herzegovina to Iraq were Kraft Paper ($1.51M), Packaged Medicaments ($872k), and Baked Goods ($218k). During the last 5 years the exports of Bosnia and Herzegovina to Iraq have increased at an annualized rate of 8.89%, from $1.92M in 2017 to $2.93M in 2022.

In 2017, Iraq exported $82.4k to Bosnia and Herzegovina. The main products exported from Iraq to Bosnia and Herzegovina were Refined Petroleum ($81.9k), Sports Equipment ($133), and Non-Knit Women's Suits ($119). During the last 5 years the exports of Iraq to Bosnia and Herzegovina have increased at an annualized rate of 17.3%, from $7.56k in 2022 to $82.4k in 2017.

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

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

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 DestinationCroatia$1.47B

Iraq
Top DestinationIndia$38.8B

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 2022, countries that imported more from Bosnia and Herzegovina than Iraq included Croatia ($1.47B), Slovenia ($811M), and Austria ($942M).

In 2022, countries that imported more from Iraq than Bosnia and Herzegovina included India ($38.8B), China ($34B), and United States ($10.3B).

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

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 2022, Bosnia and Herzegovina had a large net trade with Iraq in the exports of Paper Goods ($1.51M), Chemical Products ($873k), and Foodstuffs ($301k).

During 2017, Iraq had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($81.9k), Miscellaneous ($153), and Textiles ($150).

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 () (2022)

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

Latest Data

Trade between Bosnia and Herzegovina () and Iraq ()

Bosnia and Herzegovina Exports

Market Competitiveness

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

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 () (2022)

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