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2022
Flag → Flag
Exports $20.8MRnk 96 / 207
2022
Flag → Flag
Top Product $1.92MLarge Construction Vehicles
2022
Flag → Flag
Exports $13MRnk 39 / 162
2022
Flag → Flag
Top Product $5.66MInsulated Wire
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
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GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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 GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
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GDP PC $50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186
2022
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GDP PC$7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186

About

Finland-Bosnia and Herzegovina Trade: In 2022, Finland exported $20.8M to Bosnia and Herzegovina. The main products that Finland exported to Bosnia and Herzegovina were Large Construction Vehicles ($1.92M), Delivery Trucks ($1.48M), and Tractors ($1.22M). Over the past 5 years the exports of Finland to Bosnia and Herzegovina have increased at an annualized rate of 19.1%, from $8.68M in 2017 to $20.8M in 2022.

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

Bosnia and Herzegovina-Finland Trade: In 2022, Bosnia and Herzegovina exported $13M to Finland. The main products that Bosnia and Herzegovina exported to Finland were Insulated Wire ($5.66M), Knit Women's Undergarments ($1.92M), and Tissue ($638k). Over the past 5 years the exports of Bosnia and Herzegovina to Finland have increased at an annualized rate of 10.2%,  from $8M in 2017 to $13M in 2022.

In 2019, Bosnia and Herzegovina exported services to Finland worth $3.81M, with Travel ($3.58M) and Transportation ($224k) being the largest in terms of value.

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $20.8M to Bosnia and Herzegovina. The main products exported from Finland to Bosnia and Herzegovina were Large Construction Vehicles ($1.92M), Delivery Trucks ($1.48M), and Tractors ($1.22M). During the last 5 years the exports of Finland to Bosnia and Herzegovina have increased at an annualized rate of 19.1%, from $8.68M in 2017 to $20.8M in 2022.

In 2017, Bosnia and Herzegovina exported $13M to Finland. The main products exported from Bosnia and Herzegovina to Finland were Insulated Wire ($5.66M), Knit Women's Undergarments ($1.92M), and Tissue ($638k). During the last 5 years the exports of Bosnia and Herzegovina to Finland have increased at an annualized rate of 10.2%, from $8M in 2022 to $13M in 2017.

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

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

Latest Data

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

Finland Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Finland
Top DestinationGermany$9.99B
Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2022, countries that imported more from Finland than Bosnia and Herzegovina included Sweden ($9.1B), United States ($9.17B), and Germany ($9.99B).

In 2022, countries that imported more from Bosnia and Herzegovina than Finland included Croatia ($1.47B), Serbia ($1.35B), and Slovenia ($811M).

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

Comparative Advantage Finland - Bosnia and Herzegovina

Flow
Scale

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

During 2022, Finland had a large net trade with Bosnia and Herzegovina in the exports of Machines ($7.74M), Transportation ($3.49M), and Metals ($2.82M).

During 2017, Bosnia and Herzegovina had a large net trade with Finland in the exports of Machines ($6.22M), Textiles ($2.72M), and Miscellaneous ($1.12M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Bosnia and Herzegovina+$1.4MCars
Top Product Potential Bosnia and Herzegovina Finland+$2.2MInsulated Wire

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 Finland worth $3.81M, with Travel ($3.58M) and Transportation ($224k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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