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Pricing

2022
Flag → Flag
Exports $52.7MRnk 129 / 220
2022
Flag → Flag
Top Product $6.61MLarge Construction Vehicles
2022
Flag → Flag
Exports $52.6MRnk 25 / 162
2022
Flag → Flag
Top Product $22.7MNon-Knit Women's Coats
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 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 $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 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

South Korea-Bosnia and Herzegovina Trade: In 2022, South Korea exported $52.7M to Bosnia and Herzegovina. The main products that South Korea exported to Bosnia and Herzegovina were Large Construction Vehicles ($6.61M), Cars ($4.45M), and Coated Flat-Rolled Iron ($3.57M). Over the past 5 years the exports of South Korea to Bosnia and Herzegovina have increased at an annualized rate of 14%, from $27.4M in 2017 to $52.7M in 2022.

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

Bosnia and Herzegovina-South Korea Trade: In 2022, Bosnia and Herzegovina exported $52.6M to South Korea. The main products that Bosnia and Herzegovina exported to South Korea were Non-Knit Women's Coats ($22.7M), Lead Ore ($11.6M), and Non-Knit Women's Suits ($5.02M). Over the past 5 years the exports of Bosnia and Herzegovina to South Korea have increased at an annualized rate of 19.2%,  from $21.8M in 2017 to $52.6M in 2022.

In 2019, Bosnia and Herzegovina exported services to South Korea worth $20.7M, with Travel ($19.7M) and Transportation ($1.01M) being the largest in terms of value.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $1.65M and imported $2.57M from Bosnia and Herzegovina, resulting in a negative trade balance of $921k. Between July 2023 and July 2024 the exports of South Korea have increased by $814k (97.1%) from $838k to $1.65M, while imports decreased by $-1.22M (-32.2%) from $3.8M to $2.57M.

Trade In July 2024, the top exports of South Korea to Bosnia and Herzegovina were Cars, tractors, trucks & parts thereof. ($267k), Rubber & articles thereof ($73k), Pharmaceutical products ($51k), Electrical machinery and electronics ($42k), and Knitted fabrics ($34k). In July 2024 the top imports of South Korea from Bosnia and Herzegovina were Non-knitted clothing accesories ($1.97M), Ores, slag and ash ($1.66M), Machinery, mechanical appliances, & parts ($146k), Furniture, bedding, lamps, & prefab buildings ($109k), and Knitted clothing accesories ($98k).

Growth In July 2024, the increase in South Korea's year-by-year exports to Bosnia and Herzegovina was explained primarily by an increase in product exports in Electrical machinery and electronics ($26k or 163%). In July 2024, the decrease in South Korea's year-by-year imports  from Bosnia and Herzegovina was explained primarily by an decrease in product imports  in Non-knitted clothing accesories ($-577k or -22.6%), Footwear ($-326k or -81.1%), and Inorganic chemicals ($-76k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$814k(97.1%)
IMPORT GROWTH (July 2023 - July 2024)$-1.22M(-32.2%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Bosnia and Herzegovina and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bosnia and Herzegovina and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $52.7M to Bosnia and Herzegovina. The main products exported from South Korea to Bosnia and Herzegovina were Large Construction Vehicles ($6.61M), Cars ($4.45M), and Coated Flat-Rolled Iron ($3.57M). During the last 5 years the exports of South Korea to Bosnia and Herzegovina have increased at an annualized rate of 14%, from $27.4M in 2017 to $52.7M in 2022.

In 2017, Bosnia and Herzegovina exported $52.6M to South Korea. The main products exported from Bosnia and Herzegovina to South Korea were Non-Knit Women's Coats ($22.7M), Lead Ore ($11.6M), and Non-Knit Women's Suits ($5.02M). During the last 5 years the exports of Bosnia and Herzegovina to South Korea have increased at an annualized rate of 19.2%, from $21.8M in 2022 to $52.6M in 2017.

Exports from South Korea (Flag) to Bosnia and Herzegovina (Flag) (2022)

Exports from Bosnia and Herzegovina (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2022, countries that imported more from South Korea than Bosnia and Herzegovina included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Bosnia and Herzegovina than South Korea included Croatia ($1.47B), Serbia ($1.35B), and Montenegro ($306M).

Difference in imports from Bosnia and Herzegovina (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Bosnia and Herzegovina

Flow
Scale

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

During 2022, South Korea had a large net trade with Bosnia and Herzegovina in the exports of Machines ($19M), Metals ($10.8M), and Textiles ($6.95M).

During 2017, Bosnia and Herzegovina had a large net trade with South Korea in the exports of Textiles ($30.7M), Mineral Products ($11.6M), and Footwear and Headwear ($5.22M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Bosnia and Herzegovina+$7.34MCars
Top Product Potential Bosnia and Herzegovina South Korea+$1.9MRubber Footwear

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 South Korea worth $20.7M, with Travel ($19.7M) and Transportation ($1.01M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina (Flag) to South Korea (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Bosnia and Herzegovina (Flag) (2022)

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