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Pricing

2022
Flag → Flag
Exports $99.6MRnk 18 / 162
2022
Flag → Flag
Top Product $23.1MHot-Rolled Iron Bars
2022
Flag → Flag
Exports $153MRnk 57 / 196
2022
Flag → Flag
Top Product $14.4MSodium or Potassium Peroxides
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
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Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
Flag  
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$301BCURRENT US$
Rnk 44 / 186
2012-2022
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GDP GROWTH68.2%CURRENT US$
Rnk 30 / 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
2022
Flag
GDP PC$15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186

About

Bosnia and Herzegovina-Romania Trade: In 2022, Bosnia and Herzegovina exported $99.6M to Romania. The main products that Bosnia and Herzegovina exported to Romania were Hot-Rolled Iron Bars ($23.1M), Processed Crustaceans ($6.93M), and Footwear Parts ($6.8M). Over the past 5 years the exports of Bosnia and Herzegovina to Romania have decreased at an annualized rate of 0.12%, from $100M in 2017 to $99.6M in 2022.

In 2019, Bosnia and Herzegovina exported services to Romania worth $9.18M, with Travel ($5.49M), Transportation ($3.47M), and Communications services ($224k) being the largest in terms of value.

Romania-Bosnia and Herzegovina Trade: In 2022, Romania exported $153M to Bosnia and Herzegovina. The main products that Romania exported to Bosnia and Herzegovina were Sodium or Potassium Peroxides ($14.4M), Cars ($9.94M), and Processed Tobacco ($7.63M). Over the past 5 years the exports of Romania to Bosnia and Herzegovina have increased at an annualized rate of 7.45%,  from $107M in 2017 to $153M in 2022.

In 2022, Romania 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $99.6M to Romania. The main products exported from Bosnia and Herzegovina to Romania were Hot-Rolled Iron Bars ($23.1M), Processed Crustaceans ($6.93M), and Footwear Parts ($6.8M). During the last 5 years the exports of Bosnia and Herzegovina to Romania have decreased at an annualized rate of 0.12%, from $100M in 2017 to $99.6M in 2022.

In 2017, Romania exported $153M to Bosnia and Herzegovina. The main products exported from Romania to Bosnia and Herzegovina were Sodium or Potassium Peroxides ($14.4M), Cars ($9.94M), and Processed Tobacco ($7.63M). During the last 5 years the exports of Romania to Bosnia and Herzegovina have increased at an annualized rate of 7.45%, from $107M in 2022 to $153M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Romania Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Romania included Croatia ($1.47B), Montenegro ($306M), and Slovenia ($811M).

In 2022, countries that imported more from Romania than Bosnia and Herzegovina included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

Comparative Advantage Bosnia and Herzegovina - Romania

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Romania in the exports of Metals ($39.4M), Machines ($11.2M), and Miscellaneous ($10.2M).

During 2017, Romania had a large net trade with Bosnia and Herzegovina in the exports of Chemical Products ($25.1M), Foodstuffs ($22.7M), and Metals ($20.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Romania+$3.69MSeats
Top Product Potential Romania Bosnia and Herzegovina+$8.13MCars

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

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

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