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2023
Flag → Flag
Exports $5.84MRnk 55 / 159
2023
Flag → Flag
Top Product $1.36MOther Zinc Products
2023
Flag → Flag
Exports $35.9MRnk 126 / 216
2023
Flag → Flag
Top Product $7.9MProcessed Fish
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC $8,639CURRENT US$
Rnk 91 / 195
2013-2023
Flag
GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Bosnia and Herzegovina-Thailand Trade: In 2023, Bosnia and Herzegovina exported $5.84M to Thailand. The main products that Bosnia and Herzegovina exported to Thailand were Other Zinc Products ($1.36M), Motor vehicles; parts and accessories (8701 to 8705) ($1.26M), and Rubber Footwear ($644k). Over the past 5 years the exports of Bosnia and Herzegovina to Thailand have increased at an annualized rate of 2.22%, from $5.23M in 2018 to $5.84M in 2023.

In 2019, Bosnia and Herzegovina exported services to Thailand worth $112k, with Transportation ($112k) being the largest in terms of value.

Thailand-Bosnia and Herzegovina Trade: In 2023, Thailand exported $35.9M to Bosnia and Herzegovina. The main products that Thailand exported to Bosnia and Herzegovina were Processed Fish ($7.9M), Air Pumps ($4.02M), and Other Cast Iron Products ($3.73M). Over the past 5 years the exports of Thailand to Bosnia and Herzegovina have increased at an annualized rate of 4.51%,  from $24.1M in 2018 to $35.9M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $5.84M to Thailand. The main products exported from Bosnia and Herzegovina to Thailand were Other Zinc Products ($1.36M), Motor vehicles; parts and accessories (8701 to 8705) ($1.26M), and Rubber Footwear ($644k). During the last 5 years the exports of Bosnia and Herzegovina to Thailand have increased at an annualized rate of 2.22%, from $5.23M in 2018 to $5.84M in 2023.

In 2018, Thailand exported $35.9M to Bosnia and Herzegovina. The main products exported from Thailand to Bosnia and Herzegovina were Processed Fish ($7.9M), Air Pumps ($4.02M), and Other Cast Iron Products ($3.73M). During the last 5 years the exports of Thailand to Bosnia and Herzegovina have increased at an annualized rate of 4.51%, from $24.1M in 2023 to $35.9M in 2018.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Thailand Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationGermany$1.48B
Thailand
Top DestinationUnited States$58.5B

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

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

In 2023, countries that imported more from Thailand than Bosnia and Herzegovina included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Bosnia and Herzegovina - Thailand

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Thailand in the exports of Metals ($1.63M), Footwear and Headwear ($1.49M), and Transportation ($1.34M).

During 2018, Thailand had a large net trade with Bosnia and Herzegovina in the exports of Machines ($11.4M), Foodstuffs ($9.08M), and Metals ($4.17M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Thailand+$2.21MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Thailand Bosnia and Herzegovina+$1.62MTelephones

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

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

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