2022
Flag  
GDP
$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH
42.4%CURRENT US$
Rnk 81 / 186
2022
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 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
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GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
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GDP PC 
$7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH
61.8%CURRENT US$
Rnk 25 / 186
2022
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GDP PC
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
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GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

Bosnia and Herzegovina-Ecuador In 2022, Bosnia and Herzegovina exported $509k to Ecuador. The main products that Bosnia and Herzegovina exported to Ecuador are Rubber Footwear ($141k), Other Non-Knit Clothing Accessories ($74k), and Other Domestic Electric Housewares ($72.5k). During the last 24 years the exports of Bosnia and Herzegovina to Ecuador have increased at an annualized rate of 2.96%, from $253k in 1998 to $509k in 2022.

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

Ecuador-Bosnia and Herzegovina In 2022, Ecuador exported $22.6M to Bosnia and Herzegovina. The main products that Ecuador exported to Bosnia and Herzegovina were Bananas ($20.9M), Cut Flowers ($1.35M), and Processed Fish ($313k). During the last 24 years the exports of Ecuador to Bosnia and Herzegovina have increased at an annualized rate of 46.2%, from $2.5k in 1998 to $22.6M in 2022.

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

Comparison In 2022,  Bosnia and Herzegovina ranked 36 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B). That same year, Ecuador ranked 102 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $509k to Ecuador. The main products exported from Bosnia and Herzegovina to Ecuador were Rubber Footwear ($141k), Other Non-Knit Clothing Accessories ($74k), and Other Domestic Electric Housewares ($72.5k). During the last 24 years the exports of Bosnia and Herzegovina to Ecuador have increased at an annualized rate of 2.96%, from $253k in 1998 to $509k in 2022.

In 2022, Ecuador exported $22.6M to Bosnia and Herzegovina. The main products exported from Ecuador to Bosnia and Herzegovina were Bananas ($20.9M), Cut Flowers ($1.35M), and Processed Fish ($313k). During the last 20 years the exports of Ecuador to Bosnia and Herzegovina have increased at an annualized rate of 46.2%, from $2.5k in 2002 to $22.6M in 2022.

Exports from Bosnia and Herzegovina (Flag) to Ecuador (Flag) (2022)

Exports from Ecuador (Flag) to Bosnia and Herzegovina (Flag) (2022)

Latest Data

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

Bosnia and Herzegovina Exports

Ecuador Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top Destination
Croatia$1.47B
Ecuador
Top Destination
United States$9.86B

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

In 2021, countries that imported more from Bosnia and Herzegovina than Ecuador were Croatia ($1.47B), Serbia ($1.35B), and Germany ($1.46B).

In 2021, countries that imported more from Ecuador than Bosnia and Herzegovina were United States ($9.86B), China ($6.17B), and Panama ($4.97B).

Difference in imports from Ecuador (Flag) and Bosnia and Herzegovina (Flag) (2022)

Comparative Advantage Bosnia and Herzegovina - Ecuador

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Ecuador in the exports of Machines ($212k), Footwear and Headwear ($166k), and Textiles ($99.1k).

During 2022, Ecuador had a large net trade with Bosnia and Herzegovina in the exports of Vegetable Products ($22.3M), Foodstuffs ($343k), and Animal Products ($32k).

Economic Complexity

Competitive Landscape

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

Product Space of Bosnia and Herzegovina (Flag) and Ecuador (Flag) (2022)

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