2023
Flag  
GDP
$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH
54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP
$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH
51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
GDP PC 
$3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH
36.8%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC
$8,639CURRENT US$
Rnk 91 / 196
2013-2023
Flag
GDP PC GROWTH
71.6%CURRENT US$
Rnk 23 / 195

About

Philippines-Bosnia and Herzegovina Trade: In 2023, Philippines exported $3.52M to Bosnia and Herzegovina. The main products that Philippines exported to Bosnia and Herzegovina were Office Machine Parts ($1.1M), Electric Heaters ($502k), and Electrical Transformers ($362k). Over the past 5 years the exports of Philippines to Bosnia and Herzegovina have increased at an annualized rate of 2.88%, from $3.06M in 2018 to $3.52M in 2023.

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

Bosnia and Herzegovina-Philippines Trade: In 2023, Bosnia and Herzegovina exported $6.02M to Philippines. The main products that Bosnia and Herzegovina exported to Philippines were Seed Oils ($4.33M), Soybean Oil ($722k), and Detonating Fuses ($693k). Over the past 5 years the exports of Bosnia and Herzegovina to Philippines have increased at an annualized rate of 26.7%,  from $1.84M in 2018 to $6.02M in 2023.

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

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). That same year, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $3.52M to Bosnia and Herzegovina. The main products exported from Philippines to Bosnia and Herzegovina were Office Machine Parts ($1.1M), Electric Heaters ($502k), and Electrical Transformers ($362k). During the last 5 years the exports of Philippines to Bosnia and Herzegovina have increased at an annualized rate of 2.88%, from $3.06M in 2018 to $3.52M in 2023.

In 2018, Bosnia and Herzegovina exported $6.02M to Philippines. The main products exported from Bosnia and Herzegovina to Philippines were Seed Oils ($4.33M), Soybean Oil ($722k), and Detonating Fuses ($693k). During the last 5 years the exports of Bosnia and Herzegovina to Philippines have increased at an annualized rate of 26.7%, from $1.84M in 2023 to $6.02M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top Destination
China$19B
Bosnia and Herzegovina
Top Destination
Germany$1.48B

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

In 2023, countries that imported more from Philippines than Bosnia and Herzegovina included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

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

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

Comparative Advantage Philippines - Bosnia and Herzegovina

Flow
Scale

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

During 2023, Philippines had a large net trade with Bosnia and Herzegovina in the exports of Machines ($2.57M), Instruments ($303k), and Plastics and Rubbers ($159k).

During 2018, Bosnia and Herzegovina had a large net trade with Philippines in the exports of Animal and Vegetable Bi-Products ($5.06M), Chemical Products ($693k), and Wood Products ($106k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Bosnia and Herzegovina+$927kIndustrial Printers
Top Product Potential Bosnia and Herzegovina Philippines+$143kDetonating Fuses

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with