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Pricing

2022
Flag → Flag
Exports $21.2MRnk 89 / 209
2022
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Top Product $5.48MRaw Zinc
2022
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Exports $39.1MRnk 28 / 162
2022
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Top Product $4.68MHydrogen
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 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 $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 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

Norway-Bosnia and Herzegovina Trade: In 2022, Norway exported $21.2M to Bosnia and Herzegovina. The main products that Norway exported to Bosnia and Herzegovina were Raw Zinc ($5.48M), Raw Aluminium ($3.79M), and Cars ($3.24M). Over the past 5 years the exports of Norway to Bosnia and Herzegovina have increased at an annualized rate of 19%, from $8.9M in 2017 to $21.2M in 2022.

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

Bosnia and Herzegovina-Norway Trade: In 2022, Bosnia and Herzegovina exported $39.1M to Norway. The main products that Bosnia and Herzegovina exported to Norway were Hydrogen ($4.68M), Iron Structures ($2.84M), and Aqueous Paints ($2.75M). Over the past 5 years the exports of Bosnia and Herzegovina to Norway have increased at an annualized rate of 12.1%,  from $22M in 2017 to $39.1M in 2022.

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 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). 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

October, 2024

About

Overview In October 2024, Norway exported NOK17.1M and imported NOK32.6M from Bosnia and Herzegovina, resulting in a negative trade balance of NOK15.5M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-8.74M (-33.9%) from NOK25.8M to NOK17.1M, while imports decreased by NOK-5.68M (-14.9%) from NOK38.2M to NOK32.6M.

Trade In October 2024, the top exports of Norway to Bosnia and Herzegovina were Road vehicles (including air-cushion vehicles) (NOK7.46M), Iron and steel (NOK3.36M), Manufactures of metals, n.e.s. (NOK1.47M), Animal oils and fats (NOK410k), and General industrial machinery and equipment, n.e.s.,... (NOK405k). In October 2024 the top imports of Norway from Bosnia and Herzegovina were Inorganic chemicals (NOK7.57M), General industrial machinery and equipment, n.e.s.,... (NOK4.82M), Footwear (NOK4.06M), Furniture, and parts thereof; bedding, mattresses,... (NOK4M), and Articles of apparel and clothing accessories (NOK3.63M).

Growth In October 2024, the decrease in Norway's year-by-year exports to Bosnia and Herzegovina was explained primarily by an decrease in product exports in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-384k or -87.1%), Machinery specialized for particular industries (NOK-331k or -78.4%), and Miscellaneous edible products and preparations (NOK-159k or -100%). In October 2024, the decrease in Norway's year-by-year imports  from Bosnia and Herzegovina was explained primarily by an decrease in product imports  in Inorganic chemicals (NOK-5.29M or -41.1%), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-4.29M or -74%), and Footwear (NOK-1.81M or -30.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-8.74M(-33.9%)
IMPORT GROWTH (October 2023 - October 2024)NOK-5.68M(-14.9%)

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 2022, Norway exported $21.2M to Bosnia and Herzegovina. The main products exported from Norway to Bosnia and Herzegovina were Raw Zinc ($5.48M), Raw Aluminium ($3.79M), and Cars ($3.24M). During the last 5 years the exports of Norway to Bosnia and Herzegovina have increased at an annualized rate of 19%, from $8.9M in 2017 to $21.2M in 2022.

In 2017, Bosnia and Herzegovina exported $39.1M to Norway. The main products exported from Bosnia and Herzegovina to Norway were Hydrogen ($4.68M), Iron Structures ($2.84M), and Aqueous Paints ($2.75M). During the last 5 years the exports of Bosnia and Herzegovina to Norway have increased at an annualized rate of 12.1%, from $22M in 2022 to $39.1M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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 2022, countries that imported more from Norway than Bosnia and Herzegovina included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

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

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 2022, Norway had a large net trade with Bosnia and Herzegovina in the exports of Metals ($10.7M), Transportation ($3.81M), and Machines ($2.82M).

During 2017, Bosnia and Herzegovina had a large net trade with Norway in the exports of Chemical Products ($9.84M), Metals ($9.29M), and Machines ($4.17M).

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) (2022)

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