Iceland (ISL) and Bosnia and Herzegovina (BIH) Trade | The Observatory of Economic Complexity

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Iceland-Bosnia and Herzegovina In 2022, Iceland exported $500k to Bosnia and Herzegovina. The main products that Iceland exported to Bosnia and Herzegovina are Raw Aluminium ($172k), Orthopedic Appliances ($131k), and Fish Fillets ($80.6k). During the last 26 years the exports of Iceland to Bosnia and Herzegovina have increased at an annualized rate of 2.97%, from $234k in 1996 to $500k in 2022.

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

Bosnia and Herzegovina-Iceland In 2022, Bosnia and Herzegovina exported $4.52M to Iceland. The main products that Bosnia and Herzegovina exported to Iceland were Hydrogen ($2.9M), Iron Structures ($537k), and Seats ($308k). During the last 26 years the exports of Bosnia and Herzegovina to Iceland have increased at an annualized rate of 23.3%, from $19.5k in 1996 to $4.52M in 2022.

In 2019, Bosnia and Herzegovina exported services to Iceland worth $560k, with Travel ($560k) being the largest in terms of value.

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Bosnia and Herzegovina ranked 36 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, Iceland exported $500k to Bosnia and Herzegovina. The main products exported from Iceland to Bosnia and Herzegovina were Raw Aluminium ($172k), Orthopedic Appliances ($131k), and Fish Fillets ($80.6k). During the last 26 years the exports of Iceland to Bosnia and Herzegovina have increased at an annualized rate of 2.97%, from $234k in 1996 to $500k in 2022.

In 2022, Bosnia and Herzegovina exported $4.52M to Iceland. The main products exported from Bosnia and Herzegovina to Iceland were Hydrogen ($2.9M), Iron Structures ($537k), and Seats ($308k). During the last 26 years the exports of Bosnia and Herzegovina to Iceland have increased at an annualized rate of 23.3%, from $19.5k in 1996 to $4.52M in 2022.

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

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

Latest Data

Trade between Iceland () and Bosnia and Herzegovina ()

Iceland Exports

Date

Bosnia and Herzegovina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2021, countries that imported more from Iceland than Bosnia and Herzegovina were Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

In 2021, countries that imported more from Bosnia and Herzegovina than Iceland were Croatia ($1.47B), Serbia ($1.35B), and Italy ($1.07B).

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

Comparative Advantage Iceland - Bosnia and Herzegovina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Bosnia and Herzegovina in the exports of Metals ($173k), Instruments ($131k), and Animal Products ($108k).

During 2022, Bosnia and Herzegovina had a large net trade with Iceland in the exports of Chemical Products ($2.9M), Metals ($659k), and Miscellaneous ($540k).

Service Trade

Bilateral Service Trade

Bih Year

In 2019, Bosnia and Herzegovina exported services to Iceland worth $560k, with Travel ($560k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina () to Iceland () (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 Iceland has comparative advantage over Bosnia and Herzegovina. Similarly, the more yellow a dot/product is, the more Bosnia and Herzegovina has comparative advantage over Iceland.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Iceland () and Bosnia and Herzegovina ()

Iceland Exports

Bosnia and Herzegovina Exports

Market Competitiveness

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

Comparative Advantage Iceland - Bosnia and Herzegovina

Service Trade

Bilateral Service Trade

Services Exports from Bosnia and Herzegovina () to Iceland () (2019)

Economic Complexity

Competitive Landscape

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

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