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2022
Flag → Flag
Exports $2.45BRnk 5 / 182
2022
Flag → Flag
Top Product $917MRefined Petroleum
2022
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Exports $1.47BRnk 1 / 162
2022
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Top Product $271MElectricity
2022
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Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
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GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
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GDP GROWTH24%CURRENT US$
Rnk 113 / 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 $18,413CURRENT US$
Rnk 56 / 186
2012-2022
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GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 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

Croatia-Bosnia and Herzegovina Trade: In 2022, Croatia exported $2.45B to Bosnia and Herzegovina. The main products that Croatia exported to Bosnia and Herzegovina were Refined Petroleum ($917M), Electricity ($177M), and Knit Socks and Hosiery ($58.5M). Over the past 5 years the exports of Croatia to Bosnia and Herzegovina have increased at an annualized rate of 10.9%, from $1.46B in 2017 to $2.45B in 2022.

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

Bosnia and Herzegovina-Croatia Trade: In 2022, Bosnia and Herzegovina exported $1.47B to Croatia. The main products that Bosnia and Herzegovina exported to Croatia were Electricity ($271M), Iron Cloth ($108M), and Knit Socks and Hosiery ($71.1M). Over the past 5 years the exports of Bosnia and Herzegovina to Croatia have increased at an annualized rate of 14.1%,  from $759M in 2017 to $1.47B in 2022.

In 2019, Bosnia and Herzegovina exported services to Croatia worth $220M, with Travel ($158M), Transportation ($57.5M), and Communications services ($4.37M) being the largest in terms of value.

Comparison: In 2022,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B). 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, Croatia exported $2.45B to Bosnia and Herzegovina. The main products exported from Croatia to Bosnia and Herzegovina were Refined Petroleum ($917M), Electricity ($177M), and Knit Socks and Hosiery ($58.5M). During the last 5 years the exports of Croatia to Bosnia and Herzegovina have increased at an annualized rate of 10.9%, from $1.46B in 2017 to $2.45B in 2022.

In 2017, Bosnia and Herzegovina exported $1.47B to Croatia. The main products exported from Bosnia and Herzegovina to Croatia were Electricity ($271M), Iron Cloth ($108M), and Knit Socks and Hosiery ($71.1M). During the last 5 years the exports of Bosnia and Herzegovina to Croatia have increased at an annualized rate of 14.1%, from $759M in 2022 to $1.47B in 2017.

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

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

Latest Data

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

Croatia Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Croatia
Top DestinationItaly$3.44B
Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2022, countries that imported more from Croatia than Bosnia and Herzegovina included Hungary ($2.65B), Italy ($3.44B), and Slovenia ($2.87B).

In 2022, countries that imported more from Bosnia and Herzegovina than Croatia included Luxembourg ($53.6M), Syria ($6.5M), and San Marino ($5.06M).

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

Comparative Advantage Croatia - Bosnia and Herzegovina

Flow
Scale

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

During 2022, Croatia had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($1.18B), Foodstuffs ($222M), and Machines ($166M).

During 2017, Bosnia and Herzegovina had a large net trade with Croatia in the exports of Metals ($334M), Mineral Products ($331M), and Textiles ($108M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Bosnia and Herzegovina+$5.08MPackaged Medicaments
Top Product Potential Bosnia and Herzegovina Croatia+$2.86MRefined Petroleum

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 Croatia worth $220M, with Travel ($158M), Transportation ($57.5M), and Communications services ($4.37M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

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