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2023
Flag → Flag
Exports $27.1MRnk 29 / 159
2023
Flag → Flag
Top Product $7.43MOther Furniture
2023
Flag → Flag
Exports $63.3MRnk 82 / 217
2023
Flag → Flag
Top Product $14.1MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 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$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

Bosnia and Herzegovina-Denmark Trade: In 2023, Bosnia and Herzegovina exported $27.1M to Denmark. The main products that Bosnia and Herzegovina exported to Denmark were Other Furniture ($7.43M), Large Iron Containers ($3.36M), and Seats ($2.41M). Over the past 5 years the exports of Bosnia and Herzegovina to Denmark have increased at an annualized rate of 9.72%, from $17M in 2018 to $27.1M in 2023.

In 2019, Bosnia and Herzegovina exported services to Denmark worth $10.6M, with Travel ($7.28M) and Transportation ($3.36M) being the largest in terms of value.

Denmark-Bosnia and Herzegovina Trade: In 2023, Denmark exported $63.3M to Bosnia and Herzegovina. The main products that Denmark exported to Bosnia and Herzegovina were Packaged Medicaments ($14.1M), Pig Meat ($7.15M), and Pigs ($3.8M). Over the past 5 years the exports of Denmark to Bosnia and Herzegovina have increased at an annualized rate of 15.3%,  from $31.1M in 2018 to $63.3M in 2023.

In 2023, Denmark 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, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $27.1M to Denmark. The main products exported from Bosnia and Herzegovina to Denmark were Other Furniture ($7.43M), Large Iron Containers ($3.36M), and Seats ($2.41M). During the last 5 years the exports of Bosnia and Herzegovina to Denmark have increased at an annualized rate of 9.72%, from $17M in 2018 to $27.1M in 2023.

In 2018, Denmark exported $63.3M to Bosnia and Herzegovina. The main products exported from Denmark to Bosnia and Herzegovina were Packaged Medicaments ($14.1M), Pig Meat ($7.15M), and Pigs ($3.8M). During the last 5 years the exports of Denmark to Bosnia and Herzegovina have increased at an annualized rate of 15.3%, from $31.1M in 2023 to $63.3M in 2018.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Denmark Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationGermany$1.48B
Denmark
Top DestinationGermany$14.8B

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

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

In 2023, countries that imported more from Denmark than Bosnia and Herzegovina included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

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

Comparative Advantage Bosnia and Herzegovina - Denmark

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Denmark in the exports of Miscellaneous ($10.5M), Metals ($4.77M), and Machines ($3.32M).

During 2018, Denmark had a large net trade with Bosnia and Herzegovina in the exports of Chemical Products ($17.8M), Animal Products ($13.9M), and Foodstuffs ($5.72M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Denmark+$3.32MOther Furniture
Top Product Potential Denmark Bosnia and Herzegovina+$7.55MPackaged Medicaments

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 Denmark. This means that a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Bosnia and Herzegovina.

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

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