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2023
Flag → Flag
Exports $8.71MRnk 46 / 159
2023
Flag → Flag
Top Product $2.65MMetalworking Machines
2023
Flag → Flag
Exports $43.2kRnk 124 / 180
2023
Flag → Flag
Top Product $30.3kGrapes
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.74Rnk 98 / 132
2023
Flag  
GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP$12.4BCURRENT US$
Rnk 145 / 195
2013-2023
Flag
GDP GROWTH2.56%CURRENT US$
Rnk 167 / 195
2023
Flag
GDP PC $8,639CURRENT US$
Rnk 91 / 195
2013-2023
Flag
GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195
2023
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GDP PC$4,168CURRENT US$
Rnk 129 / 196
2013-2023
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GDP PC GROWTH-22%CURRENT US$
Rnk 180 / 195

About

Bosnia and Herzegovina-Namibia Trade: In 2023, Bosnia and Herzegovina exported $8.71M to Namibia. The main products that Bosnia and Herzegovina exported to Namibia were Metalworking Machines ($2.65M), Forging Machines ($1.3M), and Other Measuring Instruments ($1.29M). Over the past 5 years the exports of Bosnia and Herzegovina to Namibia have increased at an annualized rate of 35.4%, from $1.91M in 2018 to $8.71M in 2023.

In 2023, Bosnia and Herzegovina did not export any services to Namibia.

Namibia-Bosnia and Herzegovina Trade: In 2023, Namibia exported $43.2k to Bosnia and Herzegovina. The main products that Namibia exported to Bosnia and Herzegovina were Grapes ($30.3k), Non-fillet Frozen Fish ($11k), and Iron Fasteners ($1.08k). Over the past 5 years the exports of Namibia to Bosnia and Herzegovina have decreased at an annualized rate of 56.8%,  from $2.86M in 2018 to $43.2k in 2023.

In 2023, Namibia did not export any services to Bosnia and Herzegovina.

Comparison: In 2023,  Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B). That same year, Namibia ranked 98 in the Economic Complexity Index (ECI -0.74), and 124 in total exports ($6.28B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $8.71M to Namibia. The main products exported from Bosnia and Herzegovina to Namibia were Metalworking Machines ($2.65M), Forging Machines ($1.3M), and Other Measuring Instruments ($1.29M). During the last 5 years the exports of Bosnia and Herzegovina to Namibia have increased at an annualized rate of 35.4%, from $1.91M in 2018 to $8.71M in 2023.

In 2018, Namibia exported $43.2k to Bosnia and Herzegovina. The main products exported from Namibia to Bosnia and Herzegovina were Grapes ($30.3k), Non-fillet Frozen Fish ($11k), and Iron Fasteners ($1.08k). During the last 5 years the exports of Namibia to Bosnia and Herzegovina have decreased at an annualized rate of 56.8%, from $2.86M in 2023 to $43.2k in 2018.

Exports from Bosnia and Herzegovina (Flag) to Namibia (Flag) (2023)

Exports from Namibia (Flag) to Bosnia and Herzegovina (Flag) (2023)

Latest Data

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

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationGermany$1.48B
Namibia
Top DestinationSouth Africa$1.71B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Namibia included Germany ($1.48B), Croatia ($1.39B), and Serbia ($1.18B).

In 2023, countries that imported more from Namibia than Bosnia and Herzegovina included South Africa ($1.71B), China ($752M), and Botswana ($504M).

Difference in imports from Namibia (Flag) and Bosnia and Herzegovina (Flag) (2023)

Comparative Advantage Bosnia and Herzegovina - Namibia

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Namibia in the exports of Machines ($6.39M), Instruments ($1.36M), and Metals ($824k).

During 2018, Namibia had a large net trade with Bosnia and Herzegovina in the exports of Vegetable Products ($30.3k), Animal Products ($11k), and Metals ($1.09k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Namibia+$42.6kMedical Instruments
Top Product Potential Namibia Bosnia and Herzegovina+$15.8kGrapes

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

Product Space of Bosnia and Herzegovina (Flag) and Namibia (Flag) (2023)

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