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Pricing

2023
Flag → Flag
Exports $28.5kRnk 132 / 159
2023
Flag → Flag
Top Product $17.7kLifting Machinery
2023
Flag → Flag
Exports $163kRnk 111 / 156
2023
Flag → Flag
Top Product $38.3kCloves
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 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$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Bosnia and Herzegovina-Madagascar Trade: In 2023, Bosnia and Herzegovina exported $28.5k to Madagascar. The main products that Bosnia and Herzegovina exported to Madagascar were Lifting Machinery ($17.7k), Rubber Pipes ($3.61k), and Electric Motors ($2.54k). Over the past 9 years the exports of Bosnia and Herzegovina to Madagascar have increased at an annualized rate of 2.13%, from $23.5k in 2014 to $28.5k in 2023.

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

Madagascar-Bosnia and Herzegovina Trade: In 2023, Madagascar exported $163k to Bosnia and Herzegovina. The main products that Madagascar exported to Bosnia and Herzegovina were Cloves ($38.3k), Non-Knit Men's Shirts ($37.5k), and Video Displays ($16.9k). Over the past 9 years the exports of Madagascar to Bosnia and Herzegovina have increased at an annualized rate of 6.67%,  from $111k in 2014 to $163k in 2023.

In 2023, Madagascar 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, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $28.5k to Madagascar. The main products exported from Bosnia and Herzegovina to Madagascar were Lifting Machinery ($17.7k), Rubber Pipes ($3.61k), and Electric Motors ($2.54k). During the last 9 years the exports of Bosnia and Herzegovina to Madagascar have increased at an annualized rate of 2.13%, from $23.5k in 2014 to $28.5k in 2023.

In 2018, Madagascar exported $163k to Bosnia and Herzegovina. The main products exported from Madagascar to Bosnia and Herzegovina were Cloves ($38.3k), Non-Knit Men's Shirts ($37.5k), and Video Displays ($16.9k). During the last 5 years the exports of Madagascar to Bosnia and Herzegovina have increased at an annualized rate of 6.67%, from $111k in 2023 to $163k in 2018.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Date

Madagascar Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationGermany$1.48B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Bosnia and Herzegovina than Madagascar included Croatia ($1.39B), Germany ($1.48B), and Serbia ($1.18B).

In 2023, countries that imported more from Madagascar than Bosnia and Herzegovina included United States ($669M), France ($641M), and Japan ($345M).

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

Comparative Advantage Bosnia and Herzegovina - Madagascar

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Madagascar in the exports of Machines ($24.6k), Plastics and Rubbers ($3.61k), and Metals ($147).

During 2018, Madagascar had a large net trade with Bosnia and Herzegovina in the exports of Vegetable Products ($65.6k), Textiles ($64.9k), and Machines ($16.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Madagascar+$1.93kRefined Petroleum
Top Product Potential Madagascar Bosnia and Herzegovina+$56.5kNon-Knit Men's Shirts

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

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

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