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2022
Flag → Flag
Exports $52.7MRnk 24 / 162
2022
Flag → Flag
Top Product $36MPackaged Medicaments
2022
Flag → Flag
Exports $319MRnk 73 / 138
2022
Flag → Flag
Top Product $88.2MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
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 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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GDP PC $7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186
2022
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GDP PC$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Bosnia and Herzegovina-Russia Trade: In 2022, Bosnia and Herzegovina exported $52.7M to Russia. The main products that Bosnia and Herzegovina exported to Russia were Packaged Medicaments ($36M), Apples and Pears ($7.98M), and Refined Petroleum ($4.4M). Over the past 5 years the exports of Bosnia and Herzegovina to Russia have decreased at an annualized rate of 12.4%, from $102M in 2017 to $52.7M in 2022.

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 2022, Russia exported $319M to Bosnia and Herzegovina. The main products that Russia exported to Bosnia and Herzegovina were Petroleum Gas ($88.2M), Raw Aluminium ($82.8M), and Coal Briquettes ($58.5M). Over the past 5 years the exports of Russia to Bosnia and Herzegovina have decreased at an annualized rate of 7.66%,  from $475M in 2017 to $319M in 2022.

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 2022,  Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $52.7M to Russia. The main products exported from Bosnia and Herzegovina to Russia were Packaged Medicaments ($36M), Apples and Pears ($7.98M), and Refined Petroleum ($4.4M). During the last 5 years the exports of Bosnia and Herzegovina to Russia have decreased at an annualized rate of 12.4%, from $102M in 2017 to $52.7M in 2022.

In 2017, Russia exported $319M to Bosnia and Herzegovina. The main products exported from Russia to Bosnia and Herzegovina were Petroleum Gas ($88.2M), Raw Aluminium ($82.8M), and Coal Briquettes ($58.5M). During the last 5 years the exports of Russia to Bosnia and Herzegovina have decreased at an annualized rate of 7.66%, from $475M in 2022 to $319M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Russia Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Russia
Top DestinationChina$101B

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 2022, countries that imported more from Bosnia and Herzegovina than Russia included Croatia ($1.47B), Austria ($942M), and Montenegro ($306M).

In 2022, countries that imported more from Russia than Bosnia and Herzegovina included China ($101B), India ($40.4B), and Germany ($27.7B).

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

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 2022, Bosnia and Herzegovina had a large net trade with Russia in the exports of Chemical Products ($37.4M), Vegetable Products ($8.33M), and Mineral Products ($4.41M).

During 2017, Russia had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($156M), Metals ($126M), and Chemical Products ($21M).

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) (2022)

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