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Pricing

2022
Flag → Flag
Exports $11.3MRnk 42 / 162
2022
Flag → Flag
Top Product $2.37MSawn Wood
2022
Flag → Flag
Exports $1.34MRnk 97 / 156
2022
Flag → Flag
Top Product $1.11MEthylene Polymers
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
GDP PC $7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Bosnia and Herzegovina-Kuwait Trade: In 2022, Bosnia and Herzegovina exported $11.3M to Kuwait. The main products that Bosnia and Herzegovina exported to Kuwait were Sawn Wood ($2.37M), Electric Generating Sets ($2.29M), and Medical Instruments ($835k). Over the past 5 years the exports of Bosnia and Herzegovina to Kuwait have increased at an annualized rate of 36.3%, from $2.39M in 2017 to $11.3M in 2022.

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

Kuwait-Bosnia and Herzegovina Trade: In 2022, Kuwait exported $1.34M to Bosnia and Herzegovina. The main products that Kuwait exported to Bosnia and Herzegovina were Ethylene Polymers ($1.11M), Used Clothing ($80k), and Refined Petroleum ($57.8k). Over the past 5 years the exports of Kuwait to Bosnia and Herzegovina have increased at an annualized rate of 33.7%,  from $314k in 2017 to $1.34M in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $11.3M to Kuwait. The main products exported from Bosnia and Herzegovina to Kuwait were Sawn Wood ($2.37M), Electric Generating Sets ($2.29M), and Medical Instruments ($835k). During the last 5 years the exports of Bosnia and Herzegovina to Kuwait have increased at an annualized rate of 36.3%, from $2.39M in 2017 to $11.3M in 2022.

In 2017, Kuwait exported $1.34M to Bosnia and Herzegovina. The main products exported from Kuwait to Bosnia and Herzegovina were Ethylene Polymers ($1.11M), Used Clothing ($80k), and Refined Petroleum ($57.8k). During the last 5 years the exports of Kuwait to Bosnia and Herzegovina have increased at an annualized rate of 33.7%, from $314k in 2022 to $1.34M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Kuwait Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Kuwait included Croatia ($1.47B), Germany ($1.46B), and Serbia ($1.35B).

In 2022, countries that imported more from Kuwait than Bosnia and Herzegovina included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Bosnia and Herzegovina - Kuwait

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Kuwait in the exports of Machines ($3.29M), Wood Products ($2.56M), and Textiles ($1.26M).

During 2017, Kuwait had a large net trade with Bosnia and Herzegovina in the exports of Plastics and Rubbers ($1.11M), Textiles ($106k), and Mineral Products ($57.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Kuwait+$534kSawn Wood
Top Product Potential Kuwait Bosnia and Herzegovina+$653kEthylene Polymers

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

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

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