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Pricing

2022
Flag → Flag
Exports $1.15MRnk 87 / 162
2022
Flag → Flag
Top Product $636kLiquid Pumps
2022
Flag → Flag
Exports $14.9MRnk 44 / 127
2022
Flag → Flag
Top Product $8.3MStyrene Polymers
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC $7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Bosnia and Herzegovina-Iran Trade: In 2022, Bosnia and Herzegovina exported $1.15M to Iran. The main products that Bosnia and Herzegovina exported to Iran were Liquid Pumps ($636k), Sawn Wood ($196k), and Styrene Polymers ($144k). Over the past 5 years the exports of Bosnia and Herzegovina to Iran have decreased at an annualized rate of 3.19%, from $1.35M in 2017 to $1.15M in 2022.

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

Iran-Bosnia and Herzegovina Trade: In 2022, Iran exported $14.9M to Bosnia and Herzegovina. The main products that Iran exported to Bosnia and Herzegovina were Styrene Polymers ($8.3M), Tropical Fruits ($1.79M), and Ethylene Polymers ($871k). Over the past 5 years the exports of Iran to Bosnia and Herzegovina have increased at an annualized rate of 13.1%,  from $7.11M in 2017 to $14.9M in 2022.

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

Comparison: In 2022,  Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $1.15M to Iran. The main products exported from Bosnia and Herzegovina to Iran were Liquid Pumps ($636k), Sawn Wood ($196k), and Styrene Polymers ($144k). During the last 5 years the exports of Bosnia and Herzegovina to Iran have decreased at an annualized rate of 3.19%, from $1.35M in 2017 to $1.15M in 2022.

In 2017, Iran exported $14.9M to Bosnia and Herzegovina. The main products exported from Iran to Bosnia and Herzegovina were Styrene Polymers ($8.3M), Tropical Fruits ($1.79M), and Ethylene Polymers ($871k). During the last 5 years the exports of Iran to Bosnia and Herzegovina have increased at an annualized rate of 13.1%, from $7.11M in 2022 to $14.9M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Iran
Top DestinationChina$5.72B

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

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

In 2022, countries that imported more from Iran than Bosnia and Herzegovina included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

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

Comparative Advantage Bosnia and Herzegovina - Iran

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Iran in the exports of Machines ($636k), Wood Products ($230k), and Plastics and Rubbers ($144k).

During 2017, Iran had a large net trade with Bosnia and Herzegovina in the exports of Plastics and Rubbers ($9.21M), Vegetable Products ($2.22M), and Metals ($1.31M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Iran+$376kLiquid Pumps
Top Product Potential Iran Bosnia and Herzegovina+$1.21MEthylene Polymers

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 Bosnia and Herzegovina and Iran. This means that a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Bosnia and Herzegovina.

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

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