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Pricing

2022
Flag → Flag
Exports $5.38MRnk 53 / 162
2022
Flag → Flag
Top Product $4.8MExplosive Ammunition
2022
Flag → Flag
Exports $206kRnk 131 / 166
2022
Flag → Flag
Top Product $79.9kCoconuts, Brazil Nuts, and Cashews
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 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$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Bosnia and Herzegovina-Nigeria Trade: In 2022, Bosnia and Herzegovina exported $5.38M to Nigeria. The main products that Bosnia and Herzegovina exported to Nigeria were Explosive Ammunition ($4.8M), Motor vehicles; parts and accessories (8701 to 8705) ($178k), and Delivery Trucks ($103k). Over the past 5 years the exports of Bosnia and Herzegovina to Nigeria have increased at an annualized rate of 40.2%, from $993k in 2017 to $5.38M in 2022.

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

Nigeria-Bosnia and Herzegovina Trade: In 2022, Nigeria exported $206k to Bosnia and Herzegovina. The main products that Nigeria exported to Bosnia and Herzegovina were Coconuts, Brazil Nuts, and Cashews ($79.9k), Tanned Sheep Hides ($49.7k), and Perfume Plants ($38.4k). Over the past 5 years the exports of Nigeria to Bosnia and Herzegovina have decreased at an annualized rate of 3.84%,  from $401k in 2017 to $206k in 2022.

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $5.38M to Nigeria. The main products exported from Bosnia and Herzegovina to Nigeria were Explosive Ammunition ($4.8M), Motor vehicles; parts and accessories (8701 to 8705) ($178k), and Delivery Trucks ($103k). During the last 5 years the exports of Bosnia and Herzegovina to Nigeria have increased at an annualized rate of 40.2%, from $993k in 2017 to $5.38M in 2022.

In 2017, Nigeria exported $206k to Bosnia and Herzegovina. The main products exported from Nigeria to Bosnia and Herzegovina were Coconuts, Brazil Nuts, and Cashews ($79.9k), Tanned Sheep Hides ($49.7k), and Perfume Plants ($38.4k). During the last 5 years the exports of Nigeria to Bosnia and Herzegovina have decreased at an annualized rate of 3.84%, from $401k in 2022 to $206k in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Nigeria
Top DestinationSpain$9.41B

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

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

In 2022, countries that imported more from Nigeria than Bosnia and Herzegovina included Spain ($9.41B), India ($8.2B), and France ($4.95B).

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

Comparative Advantage Bosnia and Herzegovina - Nigeria

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Nigeria in the exports of Weapons ($4.8M), Transportation ($320k), and Machines ($181k).

During 2017, Nigeria had a large net trade with Bosnia and Herzegovina in the exports of Vegetable Products ($150k), Animal Hides ($49.7k), and Wood Products ($3.05k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Nigeria+$550kMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Nigeria Bosnia and Herzegovina+$83.4kCoconuts, Brazil Nuts, and Cashews

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

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

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