2022
Flag  
GDP
$529BCURRENT US$
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2012-2022
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GDP GROWTH
135%CURRENT US$
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2022
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 GDP
$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH
42.4%CURRENT US$
Rnk 81 / 186
2022
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GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC
$7,585CURRENT US$
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2012-2022
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GDP PC GROWTH
61.8%CURRENT US$
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About

Ireland-Bosnia and Herzegovina Trade: In 2022, Ireland exported $39.7M to Bosnia and Herzegovina. The main products that Ireland exported to Bosnia and Herzegovina were Packaged Medicaments ($10.5M), Scented Mixtures ($9.3M), and Industrial Fatty Acids, Oils and Alcohols ($6.06M). Over the past 5 years the exports of Ireland to Bosnia and Herzegovina have increased at an annualized rate of 6.96%, from $28.4M in 2017 to $39.7M in 2022.

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

Bosnia and Herzegovina-Ireland Trade: In 2022, Bosnia and Herzegovina exported $4.23M to Ireland. The main products that Bosnia and Herzegovina exported to Ireland were Medical Instruments ($897k), Rubber Footwear ($599k), and Motor vehicles; parts and accessories (8701 to 8705) ($495k). Over the past 5 years the exports of Bosnia and Herzegovina to Ireland have increased at an annualized rate of 12.3%,  from $1.87M in 2017 to $4.23M in 2022.

In 2019, Bosnia and Herzegovina exported services to Ireland worth $8.84M, with Travel ($6.49M) and Transportation ($2.35M) being the largest in terms of value.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). 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, Ireland exported $39.7M to Bosnia and Herzegovina. The main products exported from Ireland to Bosnia and Herzegovina were Packaged Medicaments ($10.5M), Scented Mixtures ($9.3M), and Industrial Fatty Acids, Oils and Alcohols ($6.06M). During the last 5 years the exports of Ireland to Bosnia and Herzegovina have increased at an annualized rate of 6.96%, from $28.4M in 2017 to $39.7M in 2022.

In 2017, Bosnia and Herzegovina exported $4.23M to Ireland. The main products exported from Bosnia and Herzegovina to Ireland were Medical Instruments ($897k), Rubber Footwear ($599k), and Motor vehicles; parts and accessories (8701 to 8705) ($495k). During the last 5 years the exports of Bosnia and Herzegovina to Ireland have increased at an annualized rate of 12.3%, from $1.87M in 2022 to $4.23M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Bosnia and Herzegovina
Top Destination
Croatia$1.47B

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

In 2022, countries that imported more from Ireland than Bosnia and Herzegovina included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

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

Comparative Advantage Ireland - Bosnia and Herzegovina

Flow
Scale

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

During 2022, Ireland had a large net trade with Bosnia and Herzegovina in the exports of Chemical Products ($29.9M), Instruments ($2.49M), and Machines ($2.41M).

During 2017, Bosnia and Herzegovina had a large net trade with Ireland in the exports of Instruments ($929k), Footwear and Headwear ($752k), and Chemical Products ($601k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Bosnia and Herzegovina+$8.81MPackaged Medicaments
Top Product Potential Bosnia and Herzegovina Ireland+$848kMedical Instruments

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 Ireland worth $8.84M, with Travel ($6.49M) and Transportation ($2.35M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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