Venezuela (VEN) and Bosnia and Herzegovina (BIH) Trade | The Observatory of Economic Complexity

2022

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Exports $10.1MRnk 35 / 126

2022

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About

Venezuela-Bosnia and Herzegovina Trade: In 2022, Venezuela exported $10.1M to Bosnia and Herzegovina. The main products that Venezuela exported to Bosnia and Herzegovina were Raw Aluminium ($10M), Coffee ($114k), and Hard Liquor ($3.93k). Over the past 5 years the exports of Venezuela to Bosnia and Herzegovina have increased at an annualized rate of 126%, from $173k in 2017 to $10.1M in 2022.

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

Bosnia and Herzegovina-Venezuela In N/A, Bosnia and Herzegovina did not export any products to Venezuela.

In 2018, Bosnia and Herzegovina exported services to Venezuela worth $118k, with Travel ($118k) being the largest in terms of value.

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). 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

Latest Data

Trade between Venezuela () and Bosnia and Herzegovina ()

Bosnia and Herzegovina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2022, countries that imported more from Venezuela than Bosnia and Herzegovina included China ($703M), Spain ($518M), and Turkey ($597M).

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

Difference in imports from Bosnia and Herzegovina () and Venezuela () (2022)

Bilateral Service Trade

In 2018, Bosnia and Herzegovina exported services to Venezuela worth $118k, with Travel ($118k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina () to Venezuela () (2018)

Service Trade

Economic Complexity

Competitive Landscape

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