2022
Flag  
GDP
$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH
42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC 
$7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH
61.8%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186

About

Bosnia and Herzegovina-Portugal Trade: In 2022, Bosnia and Herzegovina exported $31.3M to Portugal. The main products that Bosnia and Herzegovina exported to Portugal were Raw Aluminium ($20.3M), Seats ($2.56M), and Aluminium Oxide ($1.42M). Over the past 5 years the exports of Bosnia and Herzegovina to Portugal have increased at an annualized rate of 61.4%, from $2.86M in 2017 to $31.3M in 2022.

In 2019, Bosnia and Herzegovina exported services to Portugal worth $2.57M, with Travel ($2.35M) and Transportation ($224k) being the largest in terms of value.

Portugal-Bosnia and Herzegovina Trade: In 2022, Portugal exported $17.6M to Bosnia and Herzegovina. The main products that Portugal exported to Bosnia and Herzegovina were Cars ($3.88M), Footwear Parts ($1.06M), and Other Synthetic Fabrics ($959k). Over the past 5 years the exports of Portugal to Bosnia and Herzegovina have decreased at an annualized rate of 2.2%,  from $19.7M in 2017 to $17.6M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $31.3M to Portugal. The main products exported from Bosnia and Herzegovina to Portugal were Raw Aluminium ($20.3M), Seats ($2.56M), and Aluminium Oxide ($1.42M). During the last 5 years the exports of Bosnia and Herzegovina to Portugal have increased at an annualized rate of 61.4%, from $2.86M in 2017 to $31.3M in 2022.

In 2017, Portugal exported $17.6M to Bosnia and Herzegovina. The main products exported from Portugal to Bosnia and Herzegovina were Cars ($3.88M), Footwear Parts ($1.06M), and Other Synthetic Fabrics ($959k). During the last 5 years the exports of Portugal to Bosnia and Herzegovina have decreased at an annualized rate of 2.2%, from $19.7M in 2022 to $17.6M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Portugal Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top Destination
Croatia$1.47B
Portugal
Top Destination
Spain$20.5B

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

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

In 2022, countries that imported more from Portugal than Bosnia and Herzegovina included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Bosnia and Herzegovina - Portugal

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Portugal in the exports of Metals ($20.8M), Miscellaneous ($2.56M), and Wood Products ($2.11M).

During 2017, Portugal had a large net trade with Bosnia and Herzegovina in the exports of Transportation ($4.18M), Textiles ($4.01M), and Footwear and Headwear ($2.09M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Portugal+$1.85MSeats
Top Product Potential Portugal Bosnia and Herzegovina+$3.27MCars

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

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

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