United Kingdom (GBR) and Bosnia and Herzegovina (BIH) Trade | The Observatory of Economic Complexity

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Pricing

United Kingdom (GBR) and Bosnia and Herzegovina (BIH) Trade

2022

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Exports $64.1MRnk 117 / 224

2022

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About

United Kingdom-Bosnia and Herzegovina In 2022, United Kingdom exported $64.1M to Bosnia and Herzegovina. The main products that United Kingdom exported to Bosnia and Herzegovina are Paintings ($5.87M), Cars ($4.56M), and Large Construction Vehicles ($4.08M). During the last 27 years the exports of United Kingdom to Bosnia and Herzegovina have increased at an annualized rate of 8.94%, from $6.36M in 1995 to $64.1M in 2022.

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

Bosnia and Herzegovina-United Kingdom In 2022, Bosnia and Herzegovina exported $75.5M to United Kingdom. The main products that Bosnia and Herzegovina exported to United Kingdom were Seats ($6.57M), Aluminium Structures ($5.88M), and Rubber Footwear ($5.04M). During the last 27 years the exports of Bosnia and Herzegovina to United Kingdom have increased at an annualized rate of 21.7%, from $374k in 1995 to $75.5M in 2022.

In 2019, Bosnia and Herzegovina exported services to United Kingdom worth $26.3M, with Travel ($20.6M), Transportation ($4.7M), and Communications services ($1.01M) being the largest in terms of value.

Comparison In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

Latest Trends

February, 2024

About

Overview In February 2024, United Kingdom exported £2.64M and imported £2.73M from Bosnia and Herzegovina, resulting in a negative trade balance of £86.6k. Between February 2023 and February 2024 the exports of United Kingdom have decreased by £-210k (-7.37%) from £2.85M to £2.64M, while imports decreased by £-331k (-10.8%) from £3.06M to £2.73M.

Trade In February 2024, the top exports of United Kingdom to Bosnia and Herzegovina were Delivery Trucks (£347k), Leather of Other Animals (£242k), Iron Fasteners (£180k), Cars (£102k), and Motor vehicles; parts and accessories (8701... (£100k). In February 2024 the top imports of United Kingdom from Bosnia and Herzegovina were Prefabricated Buildings (£853k), Aluminium Structures (£631k), Seats (£470k), Paper Containers (£235k), and Motor vehicles; parts and accessories (8701... (£203k).

Origins In February 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£1.71M), Felixstowe (£393k), East Midlands Airport (£133k), Dover (£129k), and London Heathrow Airport (£113k), while imports destinations were mainly Dover (£1.22M), Dover Eurotunnel (£159k), Thamesport (£93.1k), and Eurotunnel (£70k).

Growth In February 2024, the decrease in United Kingdom's year-by-year exports to Bosnia and Herzegovina was explained primarily by an decrease in product exports in Industrial Food Preperation Machinery (£-71.1k or -97.4%), Chemical Analysis Instruments (£-49.5k or -96.8%), and Ethylene Polymers (£-44.8k or -60.4%). In February 2024, the decrease in United Kingdom's year-by-year imports from Bosnia and Herzegovina was explained primarily by an decrease in product imports in Paper Containers (£-162k or -40.8%), Insulated Wire (£-45.3k or -30.2%), and Other Aluminium Products (£-26.3k or -96.5%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-210k(-7.37%)

IMPORT GROWTH (February 2023 - February 2024)£-331k(-10.8%)

MAIN EXPORTER (February 2024)Dover Eurotunnel£1.71M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $64.1M to Bosnia and Herzegovina. The main products exported from United Kingdom to Bosnia and Herzegovina were Paintings ($5.87M), Cars ($4.56M), and Large Construction Vehicles ($4.08M). During the last 27 years the exports of United Kingdom to Bosnia and Herzegovina have increased at an annualized rate of 8.94%, from $6.36M in 1995 to $64.1M in 2022.

In 2022, Bosnia and Herzegovina exported $75.5M to United Kingdom. The main products exported from Bosnia and Herzegovina to United Kingdom were Seats ($6.57M), Aluminium Structures ($5.88M), and Rubber Footwear ($5.04M). During the last 27 years the exports of Bosnia and Herzegovina to United Kingdom have increased at an annualized rate of 21.7%, from $374k in 1995 to $75.5M in 2022.

Exports from United Kingdom () to Bosnia and Herzegovina () (2022)

Exports from Bosnia and Herzegovina () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2021, countries that imported more from United Kingdom than Bosnia and Herzegovina were United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2021, countries that imported more from Bosnia and Herzegovina than United Kingdom were Croatia ($1.47B), Serbia ($1.35B), and Slovenia ($811M).

Difference in imports from Bosnia and Herzegovina () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Bosnia and Herzegovina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Bosnia and Herzegovina in the exports of Machines ($14.9M), Chemical Products ($10.6M), and Transportation ($8.2M).

During 2022, Bosnia and Herzegovina had a large net trade with United Kingdom in the exports of Machines ($12.1M), Miscellaneous ($11.8M), and Textiles ($11M).

Service Trade

Bilateral Service Trade

Bih Year

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina () to United Kingdom () (2019)

Economic Complexity

Competitive Landscape

Year

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 United Kingdom has comparative advantage over Bosnia and Herzegovina. Similarly, the more yellow a dot/product is, the more Bosnia and Herzegovina has comparative advantage over United Kingdom.

Product Space of United Kingdom () and Bosnia and Herzegovina () (2022)

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