2023
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GDP
$885BCURRENT US$
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2013-2023
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GDP GROWTH
25.3%CURRENT US$
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2023
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 GDP
$27.5BCURRENT US$
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2013-2023
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GDP GROWTH
51.4%CURRENT US$
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2023
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GDP PC 
$99,565CURRENT US$
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2013-2023
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GDP PC GROWTH
14%CURRENT US$
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2023
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GDP PC
$8,639CURRENT US$
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GDP PC GROWTH
71.6%CURRENT US$
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About

Switzerland-Bosnia and Herzegovina Trade: In 2023, Switzerland exported $106M to Bosnia and Herzegovina. The main products that Switzerland exported to Bosnia and Herzegovina were Packaged Medicaments ($14.2M), Vaccines, blood, antisera, toxins and cultures ($7.86M), and Raw Aluminium ($7.71M). Over the past 5 years the exports of Switzerland to Bosnia and Herzegovina have increased at an annualized rate of 5.67%, from $80.8M in 2018 to $106M in 2023.

In 2023, Switzerland did not export any services to Bosnia and Herzegovina.

Bosnia and Herzegovina-Switzerland Trade: In 2023, Bosnia and Herzegovina exported $181M to Switzerland. The main products that Bosnia and Herzegovina exported to Switzerland were Other Furniture ($19.1M), Iron Structures ($14.3M), and Leather Footwear ($11.2M). Over the past 5 years the exports of Bosnia and Herzegovina to Switzerland have increased at an annualized rate of 3.5%,  from $152M in 2018 to $181M in 2023.

In 2019, Bosnia and Herzegovina exported services to Switzerland worth $38.6M, with Travel ($15.6M), Personal, cultural, and recreational services ($14.7M), and Transportation ($8.4M) being the largest in terms of value.

Comparison: In 2023,  Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Switzerland exported $106M to Bosnia and Herzegovina. The main products exported from Switzerland to Bosnia and Herzegovina were Packaged Medicaments ($14.2M), Vaccines, blood, antisera, toxins and cultures ($7.86M), and Raw Aluminium ($7.71M). During the last 5 years the exports of Switzerland to Bosnia and Herzegovina have increased at an annualized rate of 5.67%, from $80.8M in 2018 to $106M in 2023.

In 2018, Bosnia and Herzegovina exported $181M to Switzerland. The main products exported from Bosnia and Herzegovina to Switzerland were Other Furniture ($19.1M), Iron Structures ($14.3M), and Leather Footwear ($11.2M). During the last 5 years the exports of Bosnia and Herzegovina to Switzerland have increased at an annualized rate of 3.5%, from $152M in 2023 to $181M in 2018.

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

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

Latest Data

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

Switzerland Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Switzerland
Top Destination
Germany$53.8B
Bosnia and Herzegovina
Top Destination
Germany$1.48B

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

In 2023, countries that imported more from Switzerland than Bosnia and Herzegovina included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

In 2023, countries that imported more from Bosnia and Herzegovina than Switzerland included Croatia ($1.39B), Serbia ($1.18B), and Montenegro ($283M).

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

Comparative Advantage Switzerland - Bosnia and Herzegovina

Flow
Scale

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

During 2023, Switzerland had a large net trade with Bosnia and Herzegovina in the exports of Chemical Products ($30.6M), Machines ($15.9M), and Metals ($14.3M).

During 2018, Bosnia and Herzegovina had a large net trade with Switzerland in the exports of Metals ($36.5M), Miscellaneous ($34.9M), and Textiles ($34.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland Bosnia and Herzegovina+$15.6MPackaged Medicaments
Top Product Potential Bosnia and Herzegovina Switzerland+$6.76MOther Furniture

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 Switzerland worth $38.6M, with Travel ($15.6M), Personal, cultural, and recreational services ($14.7M), and Transportation ($8.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina (Flag) to Switzerland (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Switzerland and Bosnia and Herzegovina. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over Bosnia and Herzegovina. Similarly, a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Switzerland.

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

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