Iceland (ISL) and Bosnia and Herzegovina (BIH) Trade | The Observatory of Economic Complexity

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Iceland-Bosnia and Herzegovina Trade: In 2022, Iceland exported $500k to Bosnia and Herzegovina. The main products that Iceland exported to Bosnia and Herzegovina were Raw Aluminium ($172k), Orthopedic Appliances ($131k), and Fish Fillets ($80.6k). Over the past 5 years the exports of Iceland to Bosnia and Herzegovina have increased at an annualized rate of 6.76%, from $361k in 2017 to $500k in 2022.

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

Bosnia and Herzegovina-Iceland Trade: In 2022, Bosnia and Herzegovina exported $4.52M to Iceland. The main products that Bosnia and Herzegovina exported to Iceland were Hydrogen ($2.9M), Iron Structures ($537k), and Seats ($308k). Over the past 5 years the exports of Bosnia and Herzegovina to Iceland have increased at an annualized rate of 46.4%, from $674k in 2017 to $4.52M in 2022.

In 2019, Bosnia and Herzegovina exported services to Iceland worth $560k, with Travel ($560k) being the largest in terms of value.

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $500k to Bosnia and Herzegovina. The main products exported from Iceland to Bosnia and Herzegovina were Raw Aluminium ($172k), Orthopedic Appliances ($131k), and Fish Fillets ($80.6k). During the last 5 years the exports of Iceland to Bosnia and Herzegovina have increased at an annualized rate of 6.76%, from $361k in 2017 to $500k in 2022.

In 2017, Bosnia and Herzegovina exported $4.52M to Iceland. The main products exported from Bosnia and Herzegovina to Iceland were Hydrogen ($2.9M), Iron Structures ($537k), and Seats ($308k). During the last 5 years the exports of Bosnia and Herzegovina to Iceland have increased at an annualized rate of 46.4%, from $674k in 2022 to $4.52M in 2017.

Exports from Iceland () to Bosnia and Herzegovina () (2022)

Exports from Bosnia and Herzegovina () to Iceland () (2022)

Latest Data

Trade between Iceland () and Bosnia and Herzegovina ()

Iceland Exports

Date

Bosnia and Herzegovina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2022, countries that imported more from Iceland than Bosnia and Herzegovina included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

In 2022, countries that imported more from Bosnia and Herzegovina than Iceland included Croatia ($1.47B), Serbia ($1.35B), and Italy ($1.07B).

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

Comparative Advantage Iceland - Bosnia and Herzegovina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Bosnia and Herzegovina in the exports of Metals ($173k), Instruments ($131k), and Animal Products ($108k).

During 2017, Bosnia and Herzegovina had a large net trade with Iceland in the exports of Chemical Products ($2.9M), Metals ($659k), and Miscellaneous ($540k).

Potential Exports

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Bilateral Service Trade

Bih Year

In 2019, Bosnia and Herzegovina exported services to Iceland worth $560k, with Travel ($560k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina () to Iceland () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Bosnia and Herzegovina () (2022)

Exports from Bosnia and Herzegovina () to Iceland () (2022)

Latest Data

Trade between Iceland () and Bosnia and Herzegovina ()

Iceland Exports

Bosnia and Herzegovina Exports

Market Competitiveness

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

Comparative Advantage Iceland - Bosnia and Herzegovina

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Bosnia and Herzegovina () to Iceland () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Iceland () and Bosnia and Herzegovina () (2022)

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