Kuwait (KWT) and Bosnia and Herzegovina (BIH) Trade | The Observatory of Economic Complexity

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Kuwait-Bosnia and Herzegovina Trade: In 2022, Kuwait exported $1.34M to Bosnia and Herzegovina. The main products that Kuwait exported to Bosnia and Herzegovina were Ethylene Polymers ($1.11M), Used Clothing ($80k), and Refined Petroleum ($57.8k). Over the past 5 years the exports of Kuwait to Bosnia and Herzegovina have increased at an annualized rate of 33.7%, from $314k in 2017 to $1.34M in 2022.

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

Bosnia and Herzegovina-Kuwait Trade: In 2022, Bosnia and Herzegovina exported $11.3M to Kuwait. The main products that Bosnia and Herzegovina exported to Kuwait were Sawn Wood ($2.37M), Electric Generating Sets ($2.29M), and Medical Instruments ($835k). Over the past 5 years the exports of Bosnia and Herzegovina to Kuwait have increased at an annualized rate of 36.3%, from $2.39M in 2017 to $11.3M in 2022.

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

Comparison: In 2022, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). 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, Kuwait exported $1.34M to Bosnia and Herzegovina. The main products exported from Kuwait to Bosnia and Herzegovina were Ethylene Polymers ($1.11M), Used Clothing ($80k), and Refined Petroleum ($57.8k). During the last 5 years the exports of Kuwait to Bosnia and Herzegovina have increased at an annualized rate of 33.7%, from $314k in 2017 to $1.34M in 2022.

In 2017, Bosnia and Herzegovina exported $11.3M to Kuwait. The main products exported from Bosnia and Herzegovina to Kuwait were Sawn Wood ($2.37M), Electric Generating Sets ($2.29M), and Medical Instruments ($835k). During the last 5 years the exports of Bosnia and Herzegovina to Kuwait have increased at an annualized rate of 36.3%, from $2.39M in 2022 to $11.3M in 2017.

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

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

Latest Data

Trade between Kuwait () and Bosnia and Herzegovina ()

Kuwait Exports

Date

Bosnia and Herzegovina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2022, countries that imported more from Kuwait than Bosnia and Herzegovina included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

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

Comparative Advantage Kuwait - Bosnia and Herzegovina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Bosnia and Herzegovina in the exports of Plastics and Rubbers ($1.11M), Textiles ($106k), and Mineral Products ($57.8k).

During 2017, Bosnia and Herzegovina had a large net trade with Kuwait in the exports of Machines ($3.29M), Wood Products ($2.56M), and Textiles ($1.26M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Bosnia and Herzegovina+$653kEthylene Polymers

Top Product Potential Bosnia and Herzegovina Kuwait+$534kSawn Wood

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

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Kuwait () and Bosnia and Herzegovina ()

Kuwait Exports

Bosnia and Herzegovina Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Bosnia and Herzegovina

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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