Bosnia and Herzegovina (BIH) and Sweden (SWE) Trade | The Observatory of Economic Complexity

About

Bosnia and Herzegovina-Sweden Trade: In 2023, Bosnia and Herzegovina exported $61.6M to Sweden. The main products that Bosnia and Herzegovina exported to Sweden were Seats ($8.64M), Other Furniture ($7.09M), and Iron Structures ($3.53M). Over the past 5 years the exports of Bosnia and Herzegovina to Sweden have decreased at an annualized rate of 2.42%, from $69.6M in 2018 to $61.6M in 2023.

In 2019, Bosnia and Herzegovina exported services to Sweden worth $15.8M, with Travel ($13.7M) and Transportation ($2.13M) being the largest in terms of value.

Sweden-Bosnia and Herzegovina Trade: In 2023, Sweden exported $106M to Bosnia and Herzegovina. The main products that Sweden exported to Bosnia and Herzegovina were Cars ($19M), Delivery Trucks ($11.8M), and Tractors ($7.75M). Over the past 5 years the exports of Sweden to Bosnia and Herzegovina have increased at an annualized rate of 11%, from $63M in 2018 to $106M in 2023.

In 2023, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bosnia and Herzegovina exported $61.6M to Sweden. The main products exported from Bosnia and Herzegovina to Sweden were Seats ($8.64M), Other Furniture ($7.09M), and Iron Structures ($3.53M). During the last 5 years the exports of Bosnia and Herzegovina to Sweden have decreased at an annualized rate of 2.42%, from $69.6M in 2018 to $61.6M in 2023.

In 2018, Sweden exported $106M to Bosnia and Herzegovina. The main products exported from Sweden to Bosnia and Herzegovina were Cars ($19M), Delivery Trucks ($11.8M), and Tractors ($7.75M). During the last 5 years the exports of Sweden to Bosnia and Herzegovina have increased at an annualized rate of 11%, from $63M in 2023 to $106M in 2018.

Exports from Bosnia and Herzegovina () to Sweden () (2023)

Exports from Sweden () to Bosnia and Herzegovina () (2023)

Latest Data

Trade between Bosnia and Herzegovina () and Sweden ()

Bosnia and Herzegovina Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationGermany$1.48B

Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Sweden included Croatia ($1.39B), Serbia ($1.18B), and Slovenia ($825M).

In 2023, countries that imported more from Sweden than Bosnia and Herzegovina included United States ($18.1B), Germany ($18.4B), and Denmark ($14.4B).

Difference in imports from Sweden () and Bosnia and Herzegovina () (2023)

Comparative Advantage Bosnia and Herzegovina - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bosnia and Herzegovina had a large net trade with Sweden in the exports of Miscellaneous ($16.4M), Machines ($10.7M), and Metals ($8.16M).

During 2018, Sweden had a large net trade with Bosnia and Herzegovina in the exports of Transportation ($40.9M), Machines ($22.2M), and Paper Goods ($10.2M).

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 Sweden+$4.48MOther Furniture

Top Product Potential Sweden Bosnia and Herzegovina+$7.52MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Bosnia and Herzegovina () to Sweden () (2023)

Exports from Sweden () to Bosnia and Herzegovina () (2023)

Latest Data

Trade between Bosnia and Herzegovina () and Sweden ()

Bosnia and Herzegovina Exports

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Bosnia and Herzegovina () (2023)

Comparative Advantage Bosnia and Herzegovina - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bosnia and Herzegovina () and Sweden () (2023)

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