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2022
Flag → Flag
Exports $448MRnk 37 / 205
2022
Flag → Flag
Top Product $42.6MWheat
2022
Flag → Flag
Exports $198MRnk 10 / 162
2022
Flag → Flag
Top Product $31.6MAluminium Oxide
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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 GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
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GDP PC $18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186
2022
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GDP PC$7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186

About

Hungary-Bosnia and Herzegovina Trade: In 2022, Hungary exported $448M to Bosnia and Herzegovina. The main products that Hungary exported to Bosnia and Herzegovina were Wheat ($42.6M), Sodium or Potassium Peroxides ($27.2M), and Vinyl Chloride Polymers ($14.7M). Over the past 5 years the exports of Hungary to Bosnia and Herzegovina have increased at an annualized rate of 4.56%, from $359M in 2017 to $448M in 2022.

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

Bosnia and Herzegovina-Hungary Trade: In 2022, Bosnia and Herzegovina exported $198M to Hungary. The main products that Bosnia and Herzegovina exported to Hungary were Aluminium Oxide ($31.6M), Raw Iron Bars ($21.2M), and Leather Footwear ($19.3M). Over the past 5 years the exports of Bosnia and Herzegovina to Hungary have increased at an annualized rate of 3.62%,  from $166M in 2017 to $198M in 2022.

In 2019, Bosnia and Herzegovina exported services to Hungary worth $31.7M, with Transportation ($17.7M) and Travel ($14M) being the largest in terms of value.

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). 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, Hungary exported $448M to Bosnia and Herzegovina. The main products exported from Hungary to Bosnia and Herzegovina were Wheat ($42.6M), Sodium or Potassium Peroxides ($27.2M), and Vinyl Chloride Polymers ($14.7M). During the last 5 years the exports of Hungary to Bosnia and Herzegovina have increased at an annualized rate of 4.56%, from $359M in 2017 to $448M in 2022.

In 2017, Bosnia and Herzegovina exported $198M to Hungary. The main products exported from Bosnia and Herzegovina to Hungary were Aluminium Oxide ($31.6M), Raw Iron Bars ($21.2M), and Leather Footwear ($19.3M). During the last 5 years the exports of Bosnia and Herzegovina to Hungary have increased at an annualized rate of 3.62%, from $166M in 2022 to $198M in 2017.

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

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

Latest Data

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

Hungary Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2022, countries that imported more from Hungary than Bosnia and Herzegovina included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

In 2022, countries that imported more from Bosnia and Herzegovina than Hungary included Montenegro ($306M), Syria ($6.5M), and San Marino ($5.06M).

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

Comparative Advantage Hungary - Bosnia and Herzegovina

Flow
Scale

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

During 2022, Hungary had a large net trade with Bosnia and Herzegovina in the exports of Chemical Products ($81.2M), Plastics and Rubbers ($51.3M), and Vegetable Products ($48.3M).

During 2017, Bosnia and Herzegovina had a large net trade with Hungary in the exports of Chemical Products ($53.7M), Metals ($52.2M), and Footwear and Headwear ($29.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Bosnia and Herzegovina+$7.88MCars
Top Product Potential Bosnia and Herzegovina Hungary+$6.58MInsulated Wire

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 Hungary worth $31.7M, with Transportation ($17.7M) and Travel ($14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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