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Pricing

2022
Flag → Flag
Exports $151kRnk 117 / 162
2022
Flag → Flag
Top Product $66.9kCarbonates
2022
Flag → Flag
Exports $4.31kRnk 70 / 95
2022
Flag → Flag
Top Product $4.29kTransmissions
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
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 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
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GDP GROWTH0%CURRENT US$
Rnk 165 / 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
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GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Bosnia and Herzegovina-Somalia Trade: In 2022, Bosnia and Herzegovina exported $151k to Somalia. The main products that Bosnia and Herzegovina exported to Somalia were Carbonates ($66.9k), Packaged Medicaments ($59.8k), and Other Edible Preparations ($10.2k). Over the past 12 years the exports of Bosnia and Herzegovina to Somalia have increased at an annualized rate of 17%, from $22.8k in 2010 to $151k in 2022.

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

Somalia-Bosnia and Herzegovina Trade: In 2022, Somalia exported $4.31k to Bosnia and Herzegovina. The main products that Somalia exported to Bosnia and Herzegovina were Transmissions ($4.29k) and Stranded Iron Wire ($18). Over the past 12 years the exports of Somalia to Bosnia and Herzegovina have increased at an annualized rate of 82.3%,  from $214 in 2010 to $4.31k in 2022.

In 2022, Somalia 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, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $151k to Somalia. The main products exported from Bosnia and Herzegovina to Somalia were Carbonates ($66.9k), Packaged Medicaments ($59.8k), and Other Edible Preparations ($10.2k). During the last 12 years the exports of Bosnia and Herzegovina to Somalia have increased at an annualized rate of 17%, from $22.8k in 2010 to $151k in 2022.

In 2017, Somalia exported $4.31k to Bosnia and Herzegovina. The main products exported from Somalia to Bosnia and Herzegovina were Transmissions ($4.29k) and Stranded Iron Wire ($18). During the last 5 years the exports of Somalia to Bosnia and Herzegovina have increased at an annualized rate of 82.3%, from $214 in 2022 to $4.31k in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Somalia
Top DestinationUnited Arab Emirates$283M

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

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

In 2022, countries that imported more from Somalia than Bosnia and Herzegovina included United Arab Emirates ($283M), Oman ($173M), and India ($15.6M).

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

Comparative Advantage Bosnia and Herzegovina - Somalia

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Somalia in the exports of Chemical Products ($141k) and Foodstuffs ($10.2k).

During 2017, Somalia had a large net trade with Bosnia and Herzegovina in the exports of Machines ($4.29k) and Metals ($18).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Somalia+$79.3kPackaged Medicaments
Top Product Potential Somalia Bosnia and Herzegovina+$1.76kTransmissions

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

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

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