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2022
Flag → Flag
Exports $4.52MRnk 57 / 162
2022
Flag → Flag
Top Product $2.9MHydrogen
2022
Flag → Flag
Exports $500kRnk 86 / 160
2022
Flag → Flag
Top Product $172kRaw Aluminium
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
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 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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GDP PC $7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186
2022
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GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Bosnia and Herzegovina-Iceland Trade: In 2022, Bosnia and Herzegovina exported $4.52M to Iceland. The main products that Bosnia and Herzegovina exported to Iceland were Hydrogen ($2.9M), Iron Structures ($537k), and Seats ($308k). Over the past 5 years the exports of Bosnia and Herzegovina to Iceland have increased at an annualized rate of 46.4%, from $674k in 2017 to $4.52M in 2022.

In 2019, Bosnia and Herzegovina exported services to Iceland worth $560k, with Travel ($560k) being the largest in terms of value.

Iceland-Bosnia and Herzegovina Trade: In 2022, Iceland exported $500k to Bosnia and Herzegovina. The main products that Iceland exported to Bosnia and Herzegovina were Raw Aluminium ($172k), Orthopedic Appliances ($131k), and Fish Fillets ($80.6k). Over the past 5 years the exports of Iceland to Bosnia and Herzegovina have increased at an annualized rate of 6.76%,  from $361k in 2017 to $500k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $4.52M to Iceland. The main products exported from Bosnia and Herzegovina to Iceland were Hydrogen ($2.9M), Iron Structures ($537k), and Seats ($308k). During the last 5 years the exports of Bosnia and Herzegovina to Iceland have increased at an annualized rate of 46.4%, from $674k in 2017 to $4.52M in 2022.

In 2017, Iceland exported $500k to Bosnia and Herzegovina. The main products exported from Iceland to Bosnia and Herzegovina were Raw Aluminium ($172k), Orthopedic Appliances ($131k), and Fish Fillets ($80.6k). During the last 5 years the exports of Iceland to Bosnia and Herzegovina have increased at an annualized rate of 6.76%, from $361k in 2022 to $500k in 2017.

Exports from Bosnia and Herzegovina (Flag) to Iceland (Flag) (2022)

Exports from Iceland (Flag) to Bosnia and Herzegovina (Flag) (2022)

Latest Data

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

Bosnia and Herzegovina Exports

Iceland Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Iceland included Croatia ($1.47B), Serbia ($1.35B), and Italy ($1.07B).

In 2022, countries that imported more from Iceland than Bosnia and Herzegovina included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

Difference in imports from Iceland (Flag) and Bosnia and Herzegovina (Flag) (2022)

Comparative Advantage Bosnia and Herzegovina - Iceland

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Iceland in the exports of Chemical Products ($2.9M), Metals ($659k), and Miscellaneous ($540k).

During 2017, Iceland had a large net trade with Bosnia and Herzegovina in the exports of Metals ($173k), Instruments ($131k), and Animal Products ($108k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bosnia and Herzegovina and Iceland. This means that a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Bosnia and Herzegovina.

Product Space of Bosnia and Herzegovina (Flag) and Iceland (Flag) (2022)

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