Bosnia and Herzegovina (BIH) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Bosnia and Herzegovina-Norway Trade: In 2023, Bosnia and Herzegovina exported $36M to Norway. The main products that Bosnia and Herzegovina exported to Norway were Iron Structures ($4.1M), Plastic Lids ($2.84M), and Other Furniture ($2.54M). Over the past 5 years the exports of Bosnia and Herzegovina to Norway have increased at an annualized rate of 3.6%, from $30.1M in 2018 to $36M in 2023.

In 2019, Bosnia and Herzegovina exported services to Norway worth $5.71M, with Travel ($4.93M) and Transportation ($784k) being the largest in terms of value.

Norway-Bosnia and Herzegovina Trade: In 2023, Norway exported $28.8M to Bosnia and Herzegovina. The main products that Norway exported to Bosnia and Herzegovina were Cars ($10.1M), Raw Zinc ($6.46M), and Electrical Control Boards ($1.21M). Over the past 5 years the exports of Norway to Bosnia and Herzegovina have increased at an annualized rate of 15%, from $14.3M in 2018 to $28.8M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bosnia and Herzegovina exported $36M to Norway. The main products exported from Bosnia and Herzegovina to Norway were Iron Structures ($4.1M), Plastic Lids ($2.84M), and Other Furniture ($2.54M). During the last 5 years the exports of Bosnia and Herzegovina to Norway have increased at an annualized rate of 3.6%, from $30.1M in 2018 to $36M in 2023.

In 2018, Norway exported $28.8M to Bosnia and Herzegovina. The main products exported from Norway to Bosnia and Herzegovina were Cars ($10.1M), Raw Zinc ($6.46M), and Electrical Control Boards ($1.21M). During the last 5 years the exports of Norway to Bosnia and Herzegovina have increased at an annualized rate of 15%, from $14.3M in 2023 to $28.8M in 2018.

Exports from Bosnia and Herzegovina () to Norway () (2023)

Exports from Norway () to Bosnia and Herzegovina () (2023)

Latest Data

Trade between Bosnia and Herzegovina () and Norway ()

Bosnia and Herzegovina Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationGermany$1.48B

Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Norway included Croatia ($1.39B), Slovenia ($825M), and Serbia ($1.18B).

In 2023, countries that imported more from Norway than Bosnia and Herzegovina included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

Difference in imports from Norway () and Bosnia and Herzegovina () (2023)

Comparative Advantage Bosnia and Herzegovina - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bosnia and Herzegovina had a large net trade with Norway in the exports of Metals ($10.3M), Chemical Products ($5.38M), and Miscellaneous ($4.71M).

During 2018, Norway had a large net trade with Bosnia and Herzegovina in the exports of Transportation ($11.6M), Metals ($9.02M), and Machines ($3.72M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bosnia and Herzegovina Norway+$2.8MIron Structures

Top Product Potential Norway Bosnia and Herzegovina+$3.44MRaw Aluminium

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

Year

This visualization shows the product space at the HS4 level with the flags of Bosnia and Herzegovina and Norway. This means that a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Bosnia and Herzegovina.

About

Historical Data

Bilateral Trade by Products

Exports from Bosnia and Herzegovina () to Norway () (2023)

Exports from Norway () to Bosnia and Herzegovina () (2023)

Latest Data

Trade between Bosnia and Herzegovina () and Norway ()

Bosnia and Herzegovina Exports

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Bosnia and Herzegovina () (2023)

Comparative Advantage Bosnia and Herzegovina - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bosnia and Herzegovina () and Norway () (2023)

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