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2023
Flag → Flag
Exports $28.8MRnk 82 / 205
2023
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Top Product $10.1MCars
2023
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Exports $36MRnk 26 / 159
2023
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Top Product $4.1MIron Structures
2023
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Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
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Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
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GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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 GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
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GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
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GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
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GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
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GDP PC$8,639CURRENT US$
Rnk 91 / 196
2013-2023
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GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195

About

Norway-Bosnia and Herzegovina Trade: In 2023, Norway exported $28.8M to Bosnia and Herzegovina. The main products that Norway exported to Bosnia and Herzegovina were Cars ($10.1M), Raw Zinc ($6.46M), and Electrical Control Boards ($1.21M). Over the past 5 years the exports of Norway to Bosnia and Herzegovina have increased at an annualized rate of 15%, from $14.3M in 2018 to $28.8M in 2023.

In 2023, Norway did not export any services to Bosnia and Herzegovina.

Bosnia and Herzegovina-Norway Trade: In 2023, Bosnia and Herzegovina exported $36M to Norway. The main products that Bosnia and Herzegovina exported to Norway were Iron Structures ($4.1M), Plastic Lids ($2.84M), and Other Furniture ($2.54M). Over the past 5 years the exports of Bosnia and Herzegovina to Norway have increased at an annualized rate of 3.6%,  from $30.1M in 2018 to $36M in 2023.

In 2019, Bosnia and Herzegovina exported services to Norway worth $5.71M, with Travel ($4.93M) and Transportation ($784k) being the largest in terms of value.

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK17.5M and imported NOK25.2M from Bosnia and Herzegovina, resulting in a negative trade balance of NOK7.7M. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-19.8M (-53.1%) from NOK37.3M to NOK17.5M, while imports increased by NOK840k (3.45%) from NOK24.4M to NOK25.2M.

Trade In December 2024, the top exports of Norway to Bosnia and Herzegovina were General industrial machinery and equipment, n.e.s.,... (NOK12.8M), Non-ferrous metals (NOK6.69M), Road vehicles (including air-cushion vehicles) (NOK4.46M), Iron and steel (NOK3M), and Manufactures of metals, n.e.s. (NOK843k). In December 2024 the top imports of Norway from Bosnia and Herzegovina were Miscellaneous manufactured articles, n.e.s. (NOK3.96M), Furniture, and parts thereof; bedding, mattresses,... (NOK3.64M), Articles of apparel and clothing accessories (NOK3.17M), Footwear (NOK2.65M), and Iron and steel (NOK2.29M).

Growth In December 2024, the decrease in Norway's year-by-year exports to Bosnia and Herzegovina was explained primarily by an decrease in product exports in Road vehicles (including air-cushion vehicles) (NOK-3M or -40.2%), Manufactures of metals, n.e.s. (NOK-629k or -42.7%), and Iron and steel (NOK-356k or -10.6%). In December 2024, the increase in Norway's year-by-year imports  from Bosnia and Herzegovina was explained primarily by an increase in product imports  in Iron and steel (NOK1.62M or 242%), Miscellaneous manufactured articles, n.e.s. (NOK582k or 17.2%), and Travel goods, handbags and similar containers (NOK11k or 68.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-19.8M(-53.1%)
IMPORT GROWTH (December 2023 - December 2024)NOK840k(3.45%)

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

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

For full datasets download visit Bulk Download page.

Explore Bosnia and Herzegovina and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $28.8M to Bosnia and Herzegovina. The main products exported from Norway to Bosnia and Herzegovina were Cars ($10.1M), Raw Zinc ($6.46M), and Electrical Control Boards ($1.21M). During the last 5 years the exports of Norway to Bosnia and Herzegovina have increased at an annualized rate of 15%, from $14.3M in 2018 to $28.8M in 2023.

In 2018, Bosnia and Herzegovina exported $36M to Norway. The main products exported from Bosnia and Herzegovina to Norway were Iron Structures ($4.1M), Plastic Lids ($2.84M), and Other Furniture ($2.54M). During the last 5 years the exports of Bosnia and Herzegovina to Norway have increased at an annualized rate of 3.6%, from $30.1M in 2023 to $36M in 2018.

Exports from Norway (Flag) to Bosnia and Herzegovina (Flag) (2023)

Exports from Bosnia and Herzegovina (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Bosnia and Herzegovina
Top DestinationGermany$1.48B

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

In 2023, countries that imported more from Norway than Bosnia and Herzegovina included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

In 2023, countries that imported more from Bosnia and Herzegovina than Norway included Croatia ($1.39B), Slovenia ($825M), and Serbia ($1.18B).

Difference in imports from Bosnia and Herzegovina (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - Bosnia and Herzegovina

Flow
Scale

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

During 2023, Norway had a large net trade with Bosnia and Herzegovina in the exports of Transportation ($11.6M), Metals ($9.02M), and Machines ($3.72M).

During 2018, Bosnia and Herzegovina had a large net trade with Norway in the exports of Metals ($10.3M), Chemical Products ($5.38M), and Miscellaneous ($4.71M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Bosnia and Herzegovina+$3.44MRaw Aluminium
Top Product Potential Bosnia and Herzegovina Norway+$2.8MIron Structures

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 Norway worth $5.71M, with Travel ($4.93M) and Transportation ($784k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Norway (Flag) and Bosnia and Herzegovina (Flag) (2023)

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