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Pricing

2023
Flag → Flag
Exports $25.1MRnk 30 / 159
2023
Flag → Flag
Top Product $7.77MElectric Motors
2023
Flag → Flag
Exports $12MRnk 150 / 215
2023
Flag → Flag
Top Product $2.18MDried Legumes
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC $8,639CURRENT US$
Rnk 91 / 195
2013-2023
Flag
GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195
2023
Flag
GDP PC$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Bosnia and Herzegovina-Canada Trade: In 2023, Bosnia and Herzegovina exported $25.1M to Canada. The main products that Bosnia and Herzegovina exported to Canada were Electric Motors ($7.77M), Interchangeable Tool Parts ($1.65M), and Centrifuges ($1.24M). Over the past 5 years the exports of Bosnia and Herzegovina to Canada have increased at an annualized rate of 8.54%, from $16.7M in 2018 to $25.1M in 2023.

In 2019, Bosnia and Herzegovina exported services to Canada worth $6.94M, with Travel ($6.72M) and Transportation ($224k) being the largest in terms of value.

Canada-Bosnia and Herzegovina Trade: In 2023, Canada exported $12M to Bosnia and Herzegovina. The main products that Canada exported to Bosnia and Herzegovina were Dried Legumes ($2.18M), Tanks and Armored vehicles ($1.78M), and Other Measuring Instruments ($828k). Over the past 5 years the exports of Canada to Bosnia and Herzegovina have decreased at an annualized rate of 11.7%,  from $22.2M in 2018 to $12M in 2023.

In 2023, Canada did not export any services to Bosnia and Herzegovina.

Comparison: In 2023,  Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $25.1M to Canada. The main products exported from Bosnia and Herzegovina to Canada were Electric Motors ($7.77M), Interchangeable Tool Parts ($1.65M), and Centrifuges ($1.24M). During the last 5 years the exports of Bosnia and Herzegovina to Canada have increased at an annualized rate of 8.54%, from $16.7M in 2018 to $25.1M in 2023.

In 2018, Canada exported $12M to Bosnia and Herzegovina. The main products exported from Canada to Bosnia and Herzegovina were Dried Legumes ($2.18M), Tanks and Armored vehicles ($1.78M), and Other Measuring Instruments ($828k). During the last 5 years the exports of Canada to Bosnia and Herzegovina have decreased at an annualized rate of 11.7%, from $22.2M in 2023 to $12M in 2018.

Exports from Bosnia and Herzegovina (Flag) to Canada (Flag) (2023)

Exports from Canada (Flag) to Bosnia and Herzegovina (Flag) (2023)

Latest Data

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

Bosnia and Herzegovina Exports

Canada Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationGermany$1.48B
Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Canada included Croatia ($1.39B), Serbia ($1.18B), and Slovenia ($825M).

In 2023, countries that imported more from Canada than Bosnia and Herzegovina included United States ($410B), China ($31.1B), and United Kingdom ($18B).

Difference in imports from Canada (Flag) and Bosnia and Herzegovina (Flag) (2023)

Comparative Advantage Bosnia and Herzegovina - Canada

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Canada in the exports of Machines ($10.3M), Miscellaneous ($4.08M), and Textiles ($3.33M).

During 2018, Canada had a large net trade with Bosnia and Herzegovina in the exports of Transportation ($2.75M), Machines ($2.44M), and Vegetable Products ($2.24M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Canada+$1.69MCentrifuges
Top Product Potential Canada Bosnia and Herzegovina+$1.34MCars

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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bosnia and Herzegovina and Canada. This means that a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Bosnia and Herzegovina.

Product Space of Bosnia and Herzegovina (Flag) and Canada (Flag) (2023)

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