2022
Flag  
GDP
$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH
42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
GDP PC 
$7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH
61.8%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
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GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186

About

Bosnia and Herzegovina-Israel Trade: In 2022, Bosnia and Herzegovina exported $7.45M to Israel. The main products that Bosnia and Herzegovina exported to Israel were Rapeseed Oil ($2.37M), Sawn Wood ($1.84M), and Other Furniture ($925k). Over the past 5 years the exports of Bosnia and Herzegovina to Israel have increased at an annualized rate of 25.8%, from $2.37M in 2017 to $7.45M in 2022.

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

Israel-Bosnia and Herzegovina Trade: In 2022, Israel exported $6.75M to Bosnia and Herzegovina. The main products that Israel exported to Bosnia and Herzegovina were Tool Plates ($1.03M), Packaged Medicaments ($609k), and Raw Cotton ($432k). Over the past 5 years the exports of Israel to Bosnia and Herzegovina have increased at an annualized rate of 6.47%,  from $4.93M in 2017 to $6.75M in 2022.

In 2007, Israel exported services to Bosnia and Herzegovina worth $1.25M, with Computer and information services ($1.25M) being the largest in terms of value.

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, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $7.45M to Israel. The main products exported from Bosnia and Herzegovina to Israel were Rapeseed Oil ($2.37M), Sawn Wood ($1.84M), and Other Furniture ($925k). During the last 5 years the exports of Bosnia and Herzegovina to Israel have increased at an annualized rate of 25.8%, from $2.37M in 2017 to $7.45M in 2022.

In 2017, Israel exported $6.75M to Bosnia and Herzegovina. The main products exported from Israel to Bosnia and Herzegovina were Tool Plates ($1.03M), Packaged Medicaments ($609k), and Raw Cotton ($432k). During the last 5 years the exports of Israel to Bosnia and Herzegovina have increased at an annualized rate of 6.47%, from $4.93M in 2022 to $6.75M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Israel Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top Destination
Croatia$1.47B
Israel
Top Destination
United States$20.3B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Israel included Croatia ($1.47B), Serbia ($1.35B), and Austria ($942M).

In 2022, countries that imported more from Israel than Bosnia and Herzegovina included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

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

Comparative Advantage Bosnia and Herzegovina - Israel

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Israel in the exports of Animal and Vegetable Bi-Products ($2.37M), Wood Products ($1.84M), and Miscellaneous ($1.55M).

During 2017, Israel had a large net trade with Bosnia and Herzegovina in the exports of Metals ($1.79M), Chemical Products ($1.37M), and Machines ($929k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Israel+$1.51MOther Furniture
Top Product Potential Israel Bosnia and Herzegovina+$1MPackaged Medicaments

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

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

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