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Pricing

2022
Flag → Flag
Exports $1.26BRnk 61 / 221
2022
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Top Product $154MRefined Petroleum
2022
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Exports $1.07BRnk 4 / 162
2022
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Top Product $244MRaw Aluminium
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 0.67Rnk 36 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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 $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 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

Italy-Bosnia and Herzegovina In 2022, Italy exported $1.26B to Bosnia and Herzegovina. The main products that Italy exported to Bosnia and Herzegovina are Refined Petroleum ($154M), Footwear Parts ($64M), and Copper Wire ($53.9M). During the last 27 years the exports of Italy to Bosnia and Herzegovina have increased at an annualized rate of 11.4%, from $69.1M in 1995 to $1.26B in 2022.

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

Bosnia and Herzegovina-Italy In 2022, Bosnia and Herzegovina exported $1.07B to Italy. The main products that Bosnia and Herzegovina exported to Italy were Raw Aluminium ($244M), Leather Footwear ($55.8M), and Footwear Parts ($52.1M). During the last 27 years the exports of Bosnia and Herzegovina to Italy have increased at an annualized rate of 16.8%, from $16M in 1995 to $1.07B in 2022.

In 2019, Bosnia and Herzegovina exported services to Italy worth $113M, with Travel ($56.4M), Transportation ($56.1M), and Personal, cultural, and recreational services ($112k) being the largest in terms of value.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Bosnia and Herzegovina ranked 36 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €16.1M and imported €25.8M from Bosnia and Herzegovina, resulting in a negative trade balance of €9.68M. Between December 2022 and December 2023 the exports of Italy have increased by €150k (0.94%) from €15.9M to €16.1M, while imports decreased by €-9.21M (-26.3%) from €35M to €25.8M.

Trade In December 2023, the top exports of Italy to Bosnia and Herzegovina were Footwear Parts (€4.15M), Copper Wire (€3.1M), Large Flat-Rolled Iron (€1.53M), Washing and Bottling Machines (€1.34M), and Hot-Rolled Iron (€1.2M). In December 2023 the top imports of Italy from Bosnia and Herzegovina were Leather Footwear (€3.34M), Footwear Parts (€2.96M), Waterproof Footwear (€2.7M), Excavation Machinery (€2.55M), and Carbonates (€2.52M).

Growth In December 2023, the increase in Italy's year-by-year exports to Bosnia and Herzegovina was explained primarily by an increase in product exports in Other Iron Bars (€209k or 95%), Footwear Parts (€193k or 4.88%), and Copper Pipes (€192k or 227%). In December 2023, the decrease in Italy's year-by-year imports  from Bosnia and Herzegovina was explained primarily by an decrease in product imports  in Precious Metal Scraps (€-1.28M or -43.8%), Rubber Footwear (€-623k or -24.8%), and Leather Footwear (€-403k or -10.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€150k(0.94%)
IMPORT GROWTH (December 2022 - December 2023)€-9.21M(-26.3%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Bosnia and Herzegovina and Italy trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $1.26B to Bosnia and Herzegovina. The main products exported from Italy to Bosnia and Herzegovina were Refined Petroleum ($154M), Footwear Parts ($64M), and Copper Wire ($53.9M). During the last 27 years the exports of Italy to Bosnia and Herzegovina have increased at an annualized rate of 11.4%, from $69.1M in 1995 to $1.26B in 2022.

In 2022, Bosnia and Herzegovina exported $1.07B to Italy. The main products exported from Bosnia and Herzegovina to Italy were Raw Aluminium ($244M), Leather Footwear ($55.8M), and Footwear Parts ($52.1M). During the last 27 years the exports of Bosnia and Herzegovina to Italy have increased at an annualized rate of 16.8%, from $16M in 1995 to $1.07B in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2021, countries that imported more from Italy than Bosnia and Herzegovina were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2019, no countries were registered that imported more from Bosnia and Herzegovina than from Italy.

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

Comparative Advantage Italy - Bosnia and Herzegovina

Flow
Scale

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

During 2022, Italy had a large net trade with Bosnia and Herzegovina in the exports of Metals ($266M), Mineral Products ($163M), and Machines ($148M).

During 2022, Bosnia and Herzegovina had a large net trade with Italy in the exports of Metals ($372M), Footwear and Headwear ($166M), and Chemical Products ($115M).

Service Trade

Bilateral Service Trade

In 2019, Bosnia and Herzegovina exported services to Italy worth $113M, with Travel ($56.4M), Transportation ($56.1M), and Personal, cultural, and recreational services ($112k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Bosnia and Herzegovina. Similarly, the more yellow a dot/product is, the more Bosnia and Herzegovina has comparative advantage over Italy.

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

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