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Pricing

2022
Flag → Flag
Exports $5.85MRnk 88 / 194
2022
Flag → Flag
Top Product $1.63MGlass Fibers
2022
Flag → Flag
Exports $3.4MRnk 65 / 162
2022
Flag → Flag
Top Product $1.16MCentral Heating Boilers
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag  
GDP$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
 GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
GDP PC $21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH57.8%CURRENT US$
Rnk 30 / 186
2022
Flag
GDP PC$7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186

About

Latvia-Bosnia and Herzegovina Trade: In 2022, Latvia exported $5.85M to Bosnia and Herzegovina. The main products that Latvia exported to Bosnia and Herzegovina were Glass Fibers ($1.63M), Seats ($597k), and Integrated Circuits ($579k). Over the past 5 years the exports of Latvia to Bosnia and Herzegovina have increased at an annualized rate of 11%, from $3.47M in 2017 to $5.85M in 2022.

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

Bosnia and Herzegovina-Latvia Trade: In 2022, Bosnia and Herzegovina exported $3.4M to Latvia. The main products that Bosnia and Herzegovina exported to Latvia were Central Heating Boilers ($1.16M), Prefabricated Buildings ($928k), and Iron Stovetops ($353k). Over the past 5 years the exports of Bosnia and Herzegovina to Latvia have increased at an annualized rate of 11.6%,  from $1.96M in 2017 to $3.4M in 2022.

In 2019, Bosnia and Herzegovina exported services to Latvia worth $1.01M, with Travel ($896k) and Transportation ($112k) being the largest in terms of value.

Comparison In 2022,  Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index. 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, Latvia exported $5.85M to Bosnia and Herzegovina. The main products exported from Latvia to Bosnia and Herzegovina were Glass Fibers ($1.63M), Seats ($597k), and Integrated Circuits ($579k). During the last 5 years the exports of Latvia to Bosnia and Herzegovina have increased at an annualized rate of 11%, from $3.47M in 2017 to $5.85M in 2022.

In 2017, Bosnia and Herzegovina exported $3.4M to Latvia. The main products exported from Bosnia and Herzegovina to Latvia were Central Heating Boilers ($1.16M), Prefabricated Buildings ($928k), and Iron Stovetops ($353k). During the last 5 years the exports of Bosnia and Herzegovina to Latvia have increased at an annualized rate of 11.6%, from $1.96M in 2022 to $3.4M in 2017.

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

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

Latest Data

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

Latvia Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Latvia
Top DestinationLithuania$4.09B
Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2022, countries that imported more from Latvia than Bosnia and Herzegovina included Lithuania ($4.09B), Estonia ($2.26B), and Russia ($1.26B).

In 2022, countries that imported more from Bosnia and Herzegovina than Latvia included Croatia ($1.47B), Serbia ($1.35B), and Austria ($942M).

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

Comparative Advantage Latvia - Bosnia and Herzegovina

Flow
Scale

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

During 2022, Latvia had a large net trade with Bosnia and Herzegovina in the exports of Stone And Glass ($1.64M), Machines ($1.36M), and Mineral Products ($710k).

During 2017, Bosnia and Herzegovina had a large net trade with Latvia in the exports of Machines ($1.5M), Miscellaneous ($1.1M), and Metals ($388k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Latvia Bosnia and Herzegovina+$1.31MRefined Petroleum
Top Product Potential Bosnia and Herzegovina Latvia+$287kOther Furniture

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 Latvia worth $1.01M, with Travel ($896k) and Transportation ($112k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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