Estonia (EST) and Bosnia and Herzegovina (BIH) Trade | The Observatory of Economic Complexity

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Estonia-Bosnia and Herzegovina Trade: In 2023, Estonia exported $2.86M to Bosnia and Herzegovina. The main products that Estonia exported to Bosnia and Herzegovina were Processed Fish ($1.04M), Amino-resins ($194k), and Other Fermented Beverages ($171k). Over the past 5 years the exports of Estonia to Bosnia and Herzegovina have increased at an annualized rate of 6.46%, from $2.09M in 2018 to $2.86M in 2023.

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

Bosnia and Herzegovina-Estonia Trade: In 2023, Bosnia and Herzegovina exported $3.68M to Estonia. The main products that Bosnia and Herzegovina exported to Estonia were Detonating Fuses ($1.62M), Rubber Footwear ($536k), and Prefabricated Buildings ($352k). Over the past 5 years the exports of Bosnia and Herzegovina to Estonia have increased at an annualized rate of 23%, from $1.31M in 2018 to $3.68M in 2023.

In 2019, Bosnia and Herzegovina exported services to Estonia worth $1.01M, with Travel ($672k) and Transportation ($336k) being the largest in terms of value.

Comparison In 2023, Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Estonia exported $2.86M to Bosnia and Herzegovina. The main products exported from Estonia to Bosnia and Herzegovina were Processed Fish ($1.04M), Amino-resins ($194k), and Other Fermented Beverages ($171k). During the last 5 years the exports of Estonia to Bosnia and Herzegovina have increased at an annualized rate of 6.46%, from $2.09M in 2018 to $2.86M in 2023.

In 2018, Bosnia and Herzegovina exported $3.68M to Estonia. The main products exported from Bosnia and Herzegovina to Estonia were Detonating Fuses ($1.62M), Rubber Footwear ($536k), and Prefabricated Buildings ($352k). During the last 5 years the exports of Bosnia and Herzegovina to Estonia have increased at an annualized rate of 23%, from $1.31M in 2023 to $3.68M in 2018.

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

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

Latest Data

Trade between Estonia () and Bosnia and Herzegovina ()

Estonia Exports

Date

Bosnia and Herzegovina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$2.71B

Bosnia and Herzegovina
Top DestinationGermany$1.48B

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

In 2023, countries that imported more from Estonia than Bosnia and Herzegovina included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

In 2023, countries that imported more from Bosnia and Herzegovina than Estonia included Croatia ($1.39B), Serbia ($1.18B), and Austria ($996M).

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

Comparative Advantage Estonia - Bosnia and Herzegovina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Estonia had a large net trade with Bosnia and Herzegovina in the exports of Foodstuffs ($1.4M), Machines ($477k), and Plastics and Rubbers ($241k).

During 2018, Bosnia and Herzegovina had a large net trade with Estonia in the exports of Chemical Products ($1.71M), Footwear and Headwear ($651k), and Miscellaneous ($592k).

Bilateral Service Trade

Bih Year

In 2019, Bosnia and Herzegovina exported services to Estonia worth $1.01M, with Travel ($672k) and Transportation ($336k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina () to Estonia () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Estonia and Bosnia and Herzegovina. This means that a dot/product with the flag of Estonia 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 Estonia.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Estonia () and Bosnia and Herzegovina ()

Estonia Exports

Bosnia and Herzegovina Exports

Market Competitiveness

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

Comparative Advantage Estonia - Bosnia and Herzegovina

Bilateral Service Trade

Services Exports from Bosnia and Herzegovina () to Estonia () (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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