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2023
Flag → Flag
Exports $851MRnk 60 / 216
2023
Flag → Flag
Top Product $24.2MAluminium Bars
2023
Flag → Flag
Exports $187MRnk 9 / 159
2023
Flag → Flag
Top Product $21MScrap Iron
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag  
GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
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GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
 GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
GDP PC $13,106CURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195
2023
Flag
GDP PC$8,639CURRENT US$
Rnk 91 / 196
2013-2023
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GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195

About

Turkey-Bosnia and Herzegovina Trade: In 2023, Turkey exported $851M to Bosnia and Herzegovina. The main products that Turkey exported to Bosnia and Herzegovina were Aluminium Bars ($24.2M), Light Rubberized Knitted Fabric ($18.8M), and Packaged Medicaments ($15.1M). Over the past 5 years the exports of Turkey to Bosnia and Herzegovina have increased at an annualized rate of 9.86%, from $532M in 2018 to $851M in 2023.

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

Bosnia and Herzegovina-Turkey Trade: In 2023, Bosnia and Herzegovina exported $187M to Turkey. The main products that Bosnia and Herzegovina exported to Turkey were Scrap Iron ($21M), Explosive Ammunition ($18M), and Aluminium Oxide ($12.8M). Over the past 5 years the exports of Bosnia and Herzegovina to Turkey have decreased at an annualized rate of 5.16%,  from $244M in 2018 to $187M in 2023.

In 2019, Bosnia and Herzegovina exported services to Turkey worth $90.7M, with Travel ($71M), Transportation ($18.7M), and Communications services ($560k) being the largest in terms of value.

Comparison: In 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $851M to Bosnia and Herzegovina. The main products exported from Turkey to Bosnia and Herzegovina were Aluminium Bars ($24.2M), Light Rubberized Knitted Fabric ($18.8M), and Packaged Medicaments ($15.1M). During the last 5 years the exports of Turkey to Bosnia and Herzegovina have increased at an annualized rate of 9.86%, from $532M in 2018 to $851M in 2023.

In 2018, Bosnia and Herzegovina exported $187M to Turkey. The main products exported from Bosnia and Herzegovina to Turkey were Scrap Iron ($21M), Explosive Ammunition ($18M), and Aluminium Oxide ($12.8M). During the last 5 years the exports of Bosnia and Herzegovina to Turkey have decreased at an annualized rate of 5.16%, from $244M in 2023 to $187M in 2018.

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

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

Latest Data

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

Turkey Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
Bosnia and Herzegovina
Top DestinationGermany$1.48B

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

In 2023, countries that imported more from Turkey than Bosnia and Herzegovina included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

In 2023, countries that imported more from Bosnia and Herzegovina than Turkey included Croatia ($1.39B), Montenegro ($283M), and San Marino ($4.73M).

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

Comparative Advantage Turkey - Bosnia and Herzegovina

Flow
Scale

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

During 2023, Turkey had a large net trade with Bosnia and Herzegovina in the exports of Textiles ($181M), Metals ($163M), and Machines ($132M).

During 2018, Bosnia and Herzegovina had a large net trade with Turkey in the exports of Metals ($43.3M), Chemical Products ($29.7M), and Machines ($27M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Bosnia and Herzegovina+$7.48MCars
Top Product Potential Bosnia and Herzegovina Turkey+$5.44MScrap Iron

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 Turkey worth $90.7M, with Travel ($71M), Transportation ($18.7M), and Communications services ($560k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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