2022
Flag  
GDP
$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH
42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 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
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186

About

Bosnia and Herzegovina-North Macedonia Trade: In 2022, Bosnia and Herzegovina exported $99.8M to North Macedonia. The main products that Bosnia and Herzegovina exported to North Macedonia were Raw Sugar ($13.7M), Other Prepared Meat ($9.68M), and Milk ($9.6M). Over the past 5 years the exports of Bosnia and Herzegovina to North Macedonia have increased at an annualized rate of 3.29%, from $84.9M in 2017 to $99.8M in 2022.

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

North Macedonia-Bosnia and Herzegovina Trade: In 2022, North Macedonia exported $106M to Bosnia and Herzegovina. The main products that North Macedonia exported to Bosnia and Herzegovina were Packaged Medicaments ($14.3M), Other Small Iron Pipes ($10.3M), and Wine ($4.91M). Over the past 5 years the exports of North Macedonia to Bosnia and Herzegovina have increased at an annualized rate of 3.71%,  from $88.4M in 2017 to $106M in 2022.

In 2022, North Macedonia 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, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $99.8M to North Macedonia. The main products exported from Bosnia and Herzegovina to North Macedonia were Raw Sugar ($13.7M), Other Prepared Meat ($9.68M), and Milk ($9.6M). During the last 5 years the exports of Bosnia and Herzegovina to North Macedonia have increased at an annualized rate of 3.29%, from $84.9M in 2017 to $99.8M in 2022.

In 2017, North Macedonia exported $106M to Bosnia and Herzegovina. The main products exported from North Macedonia to Bosnia and Herzegovina were Packaged Medicaments ($14.3M), Other Small Iron Pipes ($10.3M), and Wine ($4.91M). During the last 5 years the exports of North Macedonia to Bosnia and Herzegovina have increased at an annualized rate of 3.71%, from $88.4M in 2022 to $106M in 2017.

Exports from Bosnia and Herzegovina (Flag) to North Macedonia (Flag) (2022)

Exports from North Macedonia (Flag) to Bosnia and Herzegovina (Flag) (2022)

Latest Data

Trade between Bosnia and Herzegovina (Flag) and North Macedonia (Flag)

Bosnia and Herzegovina Exports

North Macedonia Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top Destination
Croatia$1.47B
North Macedonia
Top Destination
Germany$3.96B

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

In 2022, countries that imported more from Bosnia and Herzegovina than North Macedonia included Croatia ($1.47B), Austria ($942M), and Italy ($1.07B).

In 2022, countries that imported more from North Macedonia than Bosnia and Herzegovina included Germany ($3.96B), Greece ($683M), and Bulgaria ($443M).

Difference in imports from North Macedonia (Flag) and Bosnia and Herzegovina (Flag) (2022)

Comparative Advantage Bosnia and Herzegovina - North Macedonia

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with North Macedonia in the exports of Foodstuffs ($33.4M), Animal Products ($13.7M), and Machines ($9.85M).

During 2017, North Macedonia had a large net trade with Bosnia and Herzegovina in the exports of Foodstuffs ($30.5M), Metals ($21.2M), and Chemical Products ($18.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina North Macedonia+$1.27MInsulated Wire
Top Product Potential North Macedonia Bosnia and Herzegovina+$817kInsulated Wire

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

Product Space of Bosnia and Herzegovina (Flag) and North Macedonia (Flag) (2022)

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