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Pricing

2022
Flag → Flag
Exports $32.1MRnk 31 / 162
2022
Flag → Flag
Top Product $9.5MOther Furniture
2022
Flag → Flag
Exports $52.3MRnk 84 / 218
2022
Flag → Flag
Top Product $14.2MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC $7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Bosnia and Herzegovina-Denmark Trade: In 2022, Bosnia and Herzegovina exported $32.1M to Denmark. The main products that Bosnia and Herzegovina exported to Denmark were Other Furniture ($9.5M), Iron Structures ($5.97M), and Seats ($3.1M). Over the past 5 years the exports of Bosnia and Herzegovina to Denmark have increased at an annualized rate of 21.6%, from $12.1M in 2017 to $32.1M in 2022.

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 2022, Denmark exported $52.3M to Bosnia and Herzegovina. The main products that Denmark exported to Bosnia and Herzegovina were Packaged Medicaments ($14.2M), Pig Meat ($8.36M), and Cellulose Fibers Paper ($1.76M). Over the past 5 years the exports of Denmark to Bosnia and Herzegovina have decreased at an annualized rate of 9.38%,  from $85.6M in 2017 to $52.3M in 2022.

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

Comparison: In 2022,  Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $32.1M to Denmark. The main products exported from Bosnia and Herzegovina to Denmark were Other Furniture ($9.5M), Iron Structures ($5.97M), and Seats ($3.1M). During the last 5 years the exports of Bosnia and Herzegovina to Denmark have increased at an annualized rate of 21.6%, from $12.1M in 2017 to $32.1M in 2022.

In 2017, Denmark exported $52.3M to Bosnia and Herzegovina. The main products exported from Denmark to Bosnia and Herzegovina were Packaged Medicaments ($14.2M), Pig Meat ($8.36M), and Cellulose Fibers Paper ($1.76M). During the last 5 years the exports of Denmark to Bosnia and Herzegovina have decreased at an annualized rate of 9.38%, from $85.6M in 2022 to $52.3M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Denmark Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Denmark
Top DestinationGermany$18.9B

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 2022, countries that imported more from Bosnia and Herzegovina than Denmark included Croatia ($1.47B), Serbia ($1.35B), and Slovenia ($811M).

In 2022, countries that imported more from Denmark than Bosnia and Herzegovina included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

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 2022, Bosnia and Herzegovina had a large net trade with Denmark in the exports of Miscellaneous ($13.4M), Metals ($6.71M), and Machines ($2.83M).

During 2017, Denmark had a large net trade with Bosnia and Herzegovina in the exports of Chemical Products ($16.1M), Animal Products ($11.9M), and Machines ($5.84M).

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) (2022)

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