2022
Flag  
GDP
$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH
42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH
61.8%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

Bosnia and Herzegovina-Singapore Trade: In 2022, Bosnia and Herzegovina exported $5.48M to Singapore. The main products that Bosnia and Herzegovina exported to Singapore were Gas Turbines ($1.45M), Centrifuges ($897k), and Other Domestic Electric Housewares ($441k). Over the past 5 years the exports of Bosnia and Herzegovina to Singapore have increased at an annualized rate of 11%, from $3.25M in 2017 to $5.48M in 2022.

In 2019, Bosnia and Herzegovina exported services to Singapore worth $224k, with Transportation ($224k) being the largest in terms of value.

Singapore-Bosnia and Herzegovina Trade: In 2022, Singapore exported $8.41M to Bosnia and Herzegovina. The main products that Singapore exported to Bosnia and Herzegovina were Packaged Medicaments ($2.46M), Petroleum Coke ($1.77M), and Orthopedic Appliances ($758k). Over the past 5 years the exports of Singapore to Bosnia and Herzegovina have increased at an annualized rate of 13.7%,  from $3.89M in 2017 to $8.41M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $5.48M to Singapore. The main products exported from Bosnia and Herzegovina to Singapore were Gas Turbines ($1.45M), Centrifuges ($897k), and Other Domestic Electric Housewares ($441k). During the last 5 years the exports of Bosnia and Herzegovina to Singapore have increased at an annualized rate of 11%, from $3.25M in 2017 to $5.48M in 2022.

In 2017, Singapore exported $8.41M to Bosnia and Herzegovina. The main products exported from Singapore to Bosnia and Herzegovina were Packaged Medicaments ($2.46M), Petroleum Coke ($1.77M), and Orthopedic Appliances ($758k). During the last 5 years the exports of Singapore to Bosnia and Herzegovina have increased at an annualized rate of 13.7%, from $3.89M in 2022 to $8.41M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Singapore Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top Destination
Croatia$1.47B
Singapore
Top Destination
Hong Kong$51.6B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Singapore included Croatia ($1.47B), Serbia ($1.35B), and Austria ($942M).

In 2022, countries that imported more from Singapore than Bosnia and Herzegovina included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Bosnia and Herzegovina - Singapore

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Singapore in the exports of Machines ($3.75M), Textiles ($689k), and Footwear and Headwear ($494k).

During 2017, Singapore had a large net trade with Bosnia and Herzegovina in the exports of Chemical Products ($2.8M), Instruments ($1.8M), and Mineral Products ($1.78M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Singapore+$944kCentrifuges
Top Product Potential Singapore Bosnia and Herzegovina+$2.77MPackaged Medicaments

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

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

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