2023
Flag  
GDP
$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH
51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP
$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH
-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
GDP PC 
$8,639CURRENT US$
Rnk 91 / 195
2013-2023
Flag
GDP PC GROWTH
71.6%CURRENT US$
Rnk 23 / 195
2023
Flag
GDP PC
$13,817CURRENT US$
Rnk 74 / 196
2013-2023
Flag
GDP PC GROWTH
-13.3%CURRENT US$
Rnk 170 / 195

About

Bosnia and Herzegovina-Russia Trade: In 2023, Bosnia and Herzegovina exported $56.4M to Russia. The main products that Bosnia and Herzegovina exported to Russia were Packaged Medicaments ($50M), Iron Fasteners ($1.25M), and Other Inorganic Acids Salts ($958k). Over the past 5 years the exports of Bosnia and Herzegovina to Russia have decreased at an annualized rate of 10.5%, from $98.4M in 2018 to $56.4M in 2023.

In 2019, Bosnia and Herzegovina exported services to Russia worth $13.8M, with Travel ($12.8M) and Transportation ($1.01M) being the largest in terms of value.

Russia-Bosnia and Herzegovina Trade: In 2023, Russia exported $256M to Bosnia and Herzegovina. The main products that Russia exported to Bosnia and Herzegovina were Raw Aluminium ($100M), Petroleum Gas ($98.2M), and Mixed Mineral or Chemical Fertilizers ($16.5M). Over the past 5 years the exports of Russia to Bosnia and Herzegovina have decreased at an annualized rate of 14%,  from $544M in 2018 to $256M in 2023.

In 2020, Russia exported services to Bosnia and Herzegovina worth $13M, with Other business services ($9.69M), Travel ($1.07M), and Transportation ($913k) being the largest in terms of value.

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, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $56.4M to Russia. The main products exported from Bosnia and Herzegovina to Russia were Packaged Medicaments ($50M), Iron Fasteners ($1.25M), and Other Inorganic Acids Salts ($958k). During the last 5 years the exports of Bosnia and Herzegovina to Russia have decreased at an annualized rate of 10.5%, from $98.4M in 2018 to $56.4M in 2023.

In 2018, Russia exported $256M to Bosnia and Herzegovina. The main products exported from Russia to Bosnia and Herzegovina were Raw Aluminium ($100M), Petroleum Gas ($98.2M), and Mixed Mineral or Chemical Fertilizers ($16.5M). During the last 5 years the exports of Russia to Bosnia and Herzegovina have decreased at an annualized rate of 14%, from $544M in 2023 to $256M in 2018.

Exports from Bosnia and Herzegovina (Flag) to Russia (Flag) (2023)

Exports from Russia (Flag) to Bosnia and Herzegovina (Flag) (2023)

Latest Data

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

Bosnia and Herzegovina Exports

Russia Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top Destination
Germany$1.48B
Russia
Top Destination
China$129B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Russia included Croatia ($1.39B), Austria ($996M), and Slovenia ($825M).

In 2023, countries that imported more from Russia than Bosnia and Herzegovina included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia (Flag) and Bosnia and Herzegovina (Flag) (2023)

Comparative Advantage Bosnia and Herzegovina - Russia

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Russia in the exports of Chemical Products ($50.9M), Metals ($1.55M), and Machines ($1.4M).

During 2018, Russia had a large net trade with Bosnia and Herzegovina in the exports of Metals ($113M), Mineral Products ($107M), and Chemical Products ($28.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Russia+$6.64MPackaged Medicaments
Top Product Potential Russia Bosnia and Herzegovina+$21.8MCoal Briquettes

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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Bilateral Service Trade

In 2019, Bosnia and Herzegovina exported services to Russia worth $13.8M, with Travel ($12.8M) and Transportation ($1.01M) being the largest in terms of value.

In 2020, Russia exported services to Bosnia and Herzegovina worth $13M, with Other business services ($9.69M), Travel ($1.07M), and Transportation ($913k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina (Flag) to Russia (Flag) (2019)

Services Exports from Russia (Flag) to Bosnia and Herzegovina (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Bosnia and Herzegovina (Flag) and Russia (Flag) (2023)

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