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Pricing

2022
Flag → Flag
Exports $4.31kRnk 70 / 95
2022
Flag → Flag
Top Product $4.29kTransmissions
2022
Flag → Flag
Exports $151kRnk 117 / 162
2022
Flag → Flag
Top Product $66.9kCarbonates
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 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 $462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC$7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186

About

Somalia-Bosnia and Herzegovina Trade: In 2022, Somalia exported $4.31k to Bosnia and Herzegovina. The main products that Somalia exported to Bosnia and Herzegovina were Transmissions ($4.29k) and Stranded Iron Wire ($18). Over the past 6 years the exports of Somalia to Bosnia and Herzegovina have increased at an annualized rate of 17.6%, from $1.63k in 2016 to $4.31k in 2022.

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

Bosnia and Herzegovina-Somalia Trade: In 2022, Bosnia and Herzegovina exported $151k to Somalia. The main products that Bosnia and Herzegovina exported to Somalia were Carbonates ($66.9k), Packaged Medicaments ($59.8k), and Other Edible Preparations ($10.2k). Over the past 6 years the exports of Bosnia and Herzegovina to Somalia have increased at an annualized rate of 35%,  from $33.6k in 2016 to $151k in 2022.

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

Comparison In 2022,  Somalia ranked 167 in total exports ($569M), 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, Somalia exported $4.31k to Bosnia and Herzegovina. The main products exported from Somalia to Bosnia and Herzegovina were Transmissions ($4.29k) and Stranded Iron Wire ($18). During the last 6 years the exports of Somalia to Bosnia and Herzegovina have increased at an annualized rate of 17.6%, from $1.63k in 2016 to $4.31k in 2022.

In 2017, Bosnia and Herzegovina exported $151k to Somalia. The main products exported from Bosnia and Herzegovina to Somalia were Carbonates ($66.9k), Packaged Medicaments ($59.8k), and Other Edible Preparations ($10.2k). During the last 5 years the exports of Bosnia and Herzegovina to Somalia have increased at an annualized rate of 35%, from $33.6k in 2022 to $151k in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2022, countries that imported more from Somalia than Bosnia and Herzegovina included United Arab Emirates ($283M), Oman ($173M), and India ($15.6M).

In 2022, countries that imported more from Bosnia and Herzegovina than Somalia included Croatia ($1.47B), Germany ($1.46B), and Serbia ($1.35B).

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

Comparative Advantage Somalia - Bosnia and Herzegovina

Flow
Scale

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

During 2022, Somalia had a large net trade with Bosnia and Herzegovina in the exports of Machines ($4.29k) and Metals ($18).

During 2017, Bosnia and Herzegovina had a large net trade with Somalia in the exports of Chemical Products ($141k) and Foodstuffs ($10.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Bosnia and Herzegovina+$1.76kTransmissions
Top Product Potential Bosnia and Herzegovina Somalia+$79.3kPackaged Medicaments

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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Economic Complexity

Competitive Landscape

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

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

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