Norway (NOR) and Bosnia and Herzegovina (BIH) Trade | The Observatory of Economic Complexity

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Norway-Bosnia and Herzegovina In 2022, Norway exported $21.2M to Bosnia and Herzegovina. The main products that Norway exported to Bosnia and Herzegovina are Raw Zinc ($5.48M), Raw Aluminium ($3.79M), and Cars ($3.24M). During the last 27 years the exports of Norway to Bosnia and Herzegovina have increased at an annualized rate of 13.9%, from $637k in 1995 to $21.2M in 2022.

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

Bosnia and Herzegovina-Norway In 2022, Bosnia and Herzegovina exported $39.1M to Norway. The main products that Bosnia and Herzegovina exported to Norway were Hydrogen ($4.68M), Iron Structures ($2.84M), and Aqueous Paints ($2.75M). During the last 27 years the exports of Bosnia and Herzegovina to Norway have increased at an annualized rate of 27.1%, from $59.8k in 1995 to $39.1M in 2022.

In 2019, Bosnia and Herzegovina exported services to Norway worth $5.71M, with Travel ($4.93M) and Transportation ($784k) being the largest in terms of value.

Comparison In 2022, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). 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

March, 2024

About

Overview In March 2024, Norway exported NOK21.9M and imported NOK24.1M from Bosnia and Herzegovina, resulting in a negative trade balance of NOK2.19M. Between March 2023 and March 2024 the exports of Norway have increased by NOK1.53M (7.52%) from NOK20.4M to NOK21.9M, while imports decreased by NOK-2.7M (-10.1%) from NOK26.8M to NOK24.1M.

Trade In March 2024, the top exports of Norway to Bosnia and Herzegovina were Road vehicles (including air-cushion vehicles) (NOK7.46M), Iron and steel (NOK3.36M), Manufactures of metals, n.e.s. (NOK1.47M), Animal oils and fats (NOK410k), and General industrial machinery and equipment, n.e.s.,... (NOK405k). In March 2024 the top imports of Norway from Bosnia and Herzegovina were Inorganic chemicals (NOK7.57M), General industrial machinery and equipment, n.e.s.,... (NOK4.82M), Footwear (NOK4.06M), Furniture, and parts thereof; bedding, mattresses,... (NOK4M), and Articles of apparel and clothing accessories (NOK3.63M).

Growth In March 2024, the increase in Norway's year-by-year exports to Bosnia and Herzegovina was explained primarily by an increase in product exports in Road vehicles (including air-cushion vehicles) (NOK7.22M or 3.06k%), Iron and steel (NOK2.88M or 601%), and Manufactures of metals, n.e.s. (NOK1.33M or 901%). In March 2024, the decrease in Norway's year-by-year imports from Bosnia and Herzegovina was explained primarily by an decrease in product imports in Inorganic chemicals (NOK-5.29M or -41.1%), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-4.29M or -74%), and Footwear (NOK-1.81M or -30.9%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)NOK1.53M(7.52%)

IMPORT GROWTH (March 2023 - March 2024)NOK-2.7M(-10.1%)

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

To check Bosnia and Herzegovina and Norway 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, Norway exported $21.2M to Bosnia and Herzegovina. The main products exported from Norway to Bosnia and Herzegovina were Raw Zinc ($5.48M), Raw Aluminium ($3.79M), and Cars ($3.24M). During the last 27 years the exports of Norway to Bosnia and Herzegovina have increased at an annualized rate of 13.9%, from $637k in 1995 to $21.2M in 2022.

In 2022, Bosnia and Herzegovina exported $39.1M to Norway. The main products exported from Bosnia and Herzegovina to Norway were Hydrogen ($4.68M), Iron Structures ($2.84M), and Aqueous Paints ($2.75M). During the last 27 years the exports of Bosnia and Herzegovina to Norway have increased at an annualized rate of 27.1%, from $59.8k in 1995 to $39.1M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2021, countries that imported more from Norway than Bosnia and Herzegovina were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

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

Comparative Advantage Norway - Bosnia and Herzegovina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Bosnia and Herzegovina in the exports of Metals ($10.7M), Transportation ($3.81M), and Machines ($2.82M).

During 2022, Bosnia and Herzegovina had a large net trade with Norway in the exports of Chemical Products ($9.84M), Metals ($9.29M), and Machines ($4.17M).

Service Trade

Bilateral Service Trade

Bih Year

In 2019, Bosnia and Herzegovina exported services to Norway worth $5.71M, with Travel ($4.93M) and Transportation ($784k) being the largest in terms of value.

Service trade data is presented based on availability.

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Norway - Bosnia and Herzegovina

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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