Bosnia and Herzegovina (BIH) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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Bosnia and Herzegovina-New Zealand Trade: In 2023, Bosnia and Herzegovina exported $2.08M to New Zealand. The main products that Bosnia and Herzegovina exported to New Zealand were Medical Instruments ($502k), Rubber Footwear ($170k), and Woodworking machines ($162k). Over the past 5 years the exports of Bosnia and Herzegovina to New Zealand have increased at an annualized rate of 0.98%, from $1.98M in 2018 to $2.08M in 2023.

In 2019, Bosnia and Herzegovina exported services to New Zealand worth $1.12M, with Travel ($1.12M) being the largest in terms of value.

New Zealand-Bosnia and Herzegovina Trade: In 2023, New Zealand exported $396k to Bosnia and Herzegovina. The main products that New Zealand exported to Bosnia and Herzegovina were Molluscs ($176k), Animal Organs ($108k), and Electrical Control Boards ($20.7k). Over the past 5 years the exports of New Zealand to Bosnia and Herzegovina have decreased at an annualized rate of 11.2%, from $720k in 2018 to $396k in 2023.

In 2023, New Zealand 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, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bosnia and Herzegovina exported $2.08M to New Zealand. The main products exported from Bosnia and Herzegovina to New Zealand were Medical Instruments ($502k), Rubber Footwear ($170k), and Woodworking machines ($162k). During the last 5 years the exports of Bosnia and Herzegovina to New Zealand have increased at an annualized rate of 0.98%, from $1.98M in 2018 to $2.08M in 2023.

In 2018, New Zealand exported $396k to Bosnia and Herzegovina. The main products exported from New Zealand to Bosnia and Herzegovina were Molluscs ($176k), Animal Organs ($108k), and Electrical Control Boards ($20.7k). During the last 5 years the exports of New Zealand to Bosnia and Herzegovina have decreased at an annualized rate of 11.2%, from $720k in 2023 to $396k in 2018.

Exports from Bosnia and Herzegovina () to New Zealand () (2023)

Exports from New Zealand () to Bosnia and Herzegovina () (2023)

Latest Data

Trade between Bosnia and Herzegovina () and New Zealand ()

Bosnia and Herzegovina Exports

Date

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationGermany$1.48B

New Zealand
Top DestinationChina$12.3B

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

In 2023, countries that imported more from Bosnia and Herzegovina than New Zealand included Croatia ($1.39B), Serbia ($1.18B), and Austria ($996M).

In 2023, countries that imported more from New Zealand than Bosnia and Herzegovina included China ($12.3B), United States ($5.42B), and Australia ($5.2B).

Difference in imports from New Zealand () and Bosnia and Herzegovina () (2023)

Comparative Advantage Bosnia and Herzegovina - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bosnia and Herzegovina had a large net trade with New Zealand in the exports of Instruments ($502k), Textiles ($495k), and Machines ($370k).

During 2018, New Zealand had a large net trade with Bosnia and Herzegovina in the exports of Animal Products ($289k), Machines ($38.9k), and Foodstuffs ($29.3k).

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 New Zealand+$147kCentrifuges

Top Product Potential New Zealand Bosnia and Herzegovina+$64kMolluscs

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

About

Historical Data

Bilateral Trade by Products

Exports from Bosnia and Herzegovina () to New Zealand () (2023)

Exports from New Zealand () to Bosnia and Herzegovina () (2023)

Latest Data

Trade between Bosnia and Herzegovina () and New Zealand ()

Bosnia and Herzegovina Exports

New Zealand Exports

Market Competitiveness

Difference in imports from New Zealand () and Bosnia and Herzegovina () (2023)

Comparative Advantage Bosnia and Herzegovina - New Zealand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bosnia and Herzegovina () and New Zealand () (2023)

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