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Pricing

2022
Flag → Flag
Exports $153MRnk 57 / 196
2022
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Top Product $14.4MSodium or Potassium Peroxides
2022
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Exports $99.6MRnk 18 / 162
2022
Flag → Flag
Top Product $23.1MHot-Rolled Iron Bars
2022
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Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
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$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
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GDP PC $15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 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

About

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.

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.

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

In 2022, 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 2017 to $153M in 2022.

In 2017, 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 2022 to $99.6M in 2017.

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

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

Latest Data

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

Romania Exports

Bosnia and Herzegovina Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Romania - Bosnia and Herzegovina

Flow
Scale

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

During 2022, 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).

During 2017, Bosnia and Herzegovina had a large net trade with Romania in the exports of Metals ($39.4M), Machines ($11.2M), and Miscellaneous ($10.2M).

Potential Exports

Potential Exports

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

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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Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina (Flag) to Romania (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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