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Pricing

2022
Flag → Flag
Exports $181MRnk 12 / 162
2022
Flag → Flag
Top Product $47.9MScrap Iron
2022
Flag → Flag
Exports $806MRnk 62 / 219
2022
Flag → Flag
Top Product $24.5MAluminium Bars
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Bosnia and Herzegovina-Turkey Trade: In 2022, Bosnia and Herzegovina exported $181M to Turkey. The main products that Bosnia and Herzegovina exported to Turkey were Scrap Iron ($47.9M), Explosive Ammunition ($17.5M), and Seats ($12.6M). Over the past 5 years the exports of Bosnia and Herzegovina to Turkey have decreased at an annualized rate of 8.3%, from $279M in 2017 to $181M in 2022.

In 2019, Bosnia and Herzegovina exported services to Turkey worth $90.7M, with Travel ($71M), Transportation ($18.7M), and Communications services ($560k) being the largest in terms of value.

Turkey-Bosnia and Herzegovina Trade: In 2022, Turkey exported $806M to Bosnia and Herzegovina. The main products that Turkey exported to Bosnia and Herzegovina were Aluminium Bars ($24.5M), Raw Aluminium ($20.7M), and Coated Flat-Rolled Iron ($19M). Over the past 5 years the exports of Turkey to Bosnia and Herzegovina have increased at an annualized rate of 15.3%,  from $394M in 2017 to $806M in 2022.

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

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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $181M to Turkey. The main products exported from Bosnia and Herzegovina to Turkey were Scrap Iron ($47.9M), Explosive Ammunition ($17.5M), and Seats ($12.6M). During the last 5 years the exports of Bosnia and Herzegovina to Turkey have decreased at an annualized rate of 8.3%, from $279M in 2017 to $181M in 2022.

In 2017, Turkey exported $806M to Bosnia and Herzegovina. The main products exported from Turkey to Bosnia and Herzegovina were Aluminium Bars ($24.5M), Raw Aluminium ($20.7M), and Coated Flat-Rolled Iron ($19M). During the last 5 years the exports of Turkey to Bosnia and Herzegovina have increased at an annualized rate of 15.3%, from $394M in 2022 to $806M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Turkey Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Turkey included Croatia ($1.47B), Montenegro ($306M), and San Marino ($5.06M).

In 2022, countries that imported more from Turkey than Bosnia and Herzegovina included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Bosnia and Herzegovina - Turkey

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Turkey in the exports of Metals ($65.4M), Chemical Products ($25.1M), and Weapons ($17.5M).

During 2017, Turkey had a large net trade with Bosnia and Herzegovina in the exports of Metals ($202M), Textiles ($177M), and Machines ($107M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Turkey+$5.44MScrap Iron
Top Product Potential Turkey Bosnia and Herzegovina+$7.48MCars

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

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

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