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Pricing

2022
Flag → Flag
Exports $1.35BRnk 3 / 162
2022
Flag → Flag
Top Product $234MElectricity
2022
Flag → Flag
Exports $2.14BRnk 2 / 174
2022
Flag → Flag
Top Product $267MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
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Economic Complexity (ECI) ECI 0.75Rnk 36 / 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$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
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GDP GROWTH46.6%CURRENT US$
Rnk 71 / 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$9,394CURRENT US$
Rnk 80 / 186
2012-2022
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GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

Bosnia and Herzegovina-Serbia Trade: In 2022, Bosnia and Herzegovina exported $1.35B to Serbia. The main products that Bosnia and Herzegovina exported to Serbia were Electricity ($234M), Coke ($234M), and Hot-Rolled Iron Bars ($97.9M). Over the past 5 years the exports of Bosnia and Herzegovina to Serbia have increased at an annualized rate of 13.2%, from $723M in 2017 to $1.35B in 2022.

In 2022, Bosnia and Herzegovina did not export any services to Serbia.

Serbia-Bosnia and Herzegovina Trade: In 2022, Serbia exported $2.14B to Bosnia and Herzegovina. The main products that Serbia exported to Bosnia and Herzegovina were Refined Petroleum ($267M), Electricity ($97.6M), and Hot-Rolled Iron ($58.7M). Over the past 5 years the exports of Serbia to Bosnia and Herzegovina have increased at an annualized rate of 8.71%,  from $1.41B in 2017 to $2.14B in 2022.

In 2009, Serbia exported services to Bosnia and Herzegovina worth $150M, with Other business services ($38.3M), Construction services ($38M), and Travel ($23.4M) 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, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $1.35B to Serbia. The main products exported from Bosnia and Herzegovina to Serbia were Electricity ($234M), Coke ($234M), and Hot-Rolled Iron Bars ($97.9M). During the last 5 years the exports of Bosnia and Herzegovina to Serbia have increased at an annualized rate of 13.2%, from $723M in 2017 to $1.35B in 2022.

In 2017, Serbia exported $2.14B to Bosnia and Herzegovina. The main products exported from Serbia to Bosnia and Herzegovina were Refined Petroleum ($267M), Electricity ($97.6M), and Hot-Rolled Iron ($58.7M). During the last 5 years the exports of Serbia to Bosnia and Herzegovina have increased at an annualized rate of 8.71%, from $1.41B in 2022 to $2.14B in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Serbia Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Serbia included Croatia ($1.47B), Austria ($942M), and Luxembourg ($53.6M).

In 2022, countries that imported more from Serbia than Bosnia and Herzegovina included Germany ($4B), Hungary ($1.69B), and China ($1.3B).

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

Comparative Advantage Bosnia and Herzegovina - Serbia

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Serbia in the exports of Mineral Products ($570M), Metals ($276M), and Wood Products ($98.3M).

During 2017, Serbia had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($410M), Foodstuffs ($334M), and Metals ($286M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Serbia+$8.23MInsulated Wire
Top Product Potential Serbia Bosnia and Herzegovina+$5.61MInsulated Wire

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

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

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