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Pricing

2022
Flag → Flag
Exports $39.1MRnk 28 / 162
2022
Flag → Flag
Top Product $4.68MHydrogen
2022
Flag → Flag
Exports $21.2MRnk 89 / 209
2022
Flag → Flag
Top Product $5.48MRaw Zinc
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 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$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Bosnia and Herzegovina-Norway Trade: In 2022, Bosnia and Herzegovina exported $39.1M to Norway. The main products that Bosnia and Herzegovina exported to Norway were Hydrogen ($4.68M), Iron Structures ($2.84M), and Aqueous Paints ($2.75M). Over the past 5 years the exports of Bosnia and Herzegovina to Norway have increased at an annualized rate of 12.1%, from $22M in 2017 to $39.1M in 2022.

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 2022, Norway exported $21.2M to Bosnia and Herzegovina. The main products that Norway exported to Bosnia and Herzegovina were Raw Zinc ($5.48M), Raw Aluminium ($3.79M), and Cars ($3.24M). Over the past 5 years the exports of Norway to Bosnia and Herzegovina have increased at an annualized rate of 19%,  from $8.9M in 2017 to $21.2M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $39.1M to Norway. The main products exported from Bosnia and Herzegovina to Norway were Hydrogen ($4.68M), Iron Structures ($2.84M), and Aqueous Paints ($2.75M). During the last 5 years the exports of Bosnia and Herzegovina to Norway have increased at an annualized rate of 12.1%, from $22M in 2017 to $39.1M in 2022.

In 2017, Norway exported $21.2M to Bosnia and Herzegovina. The main products exported from Norway to Bosnia and Herzegovina were Raw Zinc ($5.48M), Raw Aluminium ($3.79M), and Cars ($3.24M). During the last 5 years the exports of Norway to Bosnia and Herzegovina have increased at an annualized rate of 19%, from $8.9M in 2022 to $21.2M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Norway Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Norway
Top DestinationGermany$78.1B

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 2022, countries that imported more from Bosnia and Herzegovina than Norway included Croatia ($1.47B), Serbia ($1.35B), and Slovenia ($811M).

In 2022, countries that imported more from Norway than Bosnia and Herzegovina included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Bosnia and Herzegovina - Norway

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Norway in the exports of Chemical Products ($9.84M), Metals ($9.29M), and Machines ($4.17M).

During 2017, Norway had a large net trade with Bosnia and Herzegovina in the exports of Metals ($10.7M), Transportation ($3.81M), and Machines ($2.82M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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