Bosnia and Herzegovina (BIH) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Bosnia and Herzegovina-Ghana Trade: In 2022, Bosnia and Herzegovina exported $2.6M to Ghana. The main products that Bosnia and Herzegovina exported to Ghana were Quicklime ($2.18M), Motor vehicles; parts and accessories (8701 to 8705) ($202k), and Equine and Bovine Hides ($66.5k). Over the past 5 years the exports of Bosnia and Herzegovina to Ghana have increased at an annualized rate of 86.1%, from $117k in 2017 to $2.6M in 2022.

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

Ghana-Bosnia and Herzegovina Trade: In 2022, Ghana exported $1.66M to Bosnia and Herzegovina. The main products that Ghana exported to Bosnia and Herzegovina were Sawn Wood ($954k), Cocoa Powder ($407k), and Cocoa Beans ($104k). Over the past 5 years the exports of Ghana to Bosnia and Herzegovina have decreased at an annualized rate of 11.6%, from $3.09M in 2017 to $1.66M in 2022.

In 2022, Ghana 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, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bosnia and Herzegovina exported $2.6M to Ghana. The main products exported from Bosnia and Herzegovina to Ghana were Quicklime ($2.18M), Motor vehicles; parts and accessories (8701 to 8705) ($202k), and Equine and Bovine Hides ($66.5k). During the last 5 years the exports of Bosnia and Herzegovina to Ghana have increased at an annualized rate of 86.1%, from $117k in 2017 to $2.6M in 2022.

In 2017, Ghana exported $1.66M to Bosnia and Herzegovina. The main products exported from Ghana to Bosnia and Herzegovina were Sawn Wood ($954k), Cocoa Powder ($407k), and Cocoa Beans ($104k). During the last 5 years the exports of Ghana to Bosnia and Herzegovina have decreased at an annualized rate of 11.6%, from $3.09M in 2022 to $1.66M in 2017.

Exports from Bosnia and Herzegovina () to Ghana () (2022)

Exports from Ghana () to Bosnia and Herzegovina () (2022)

Latest Data

Trade between Bosnia and Herzegovina () and Ghana ()

Bosnia and Herzegovina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Ghana included Croatia ($1.47B), Serbia ($1.35B), and Germany ($1.46B).

In 2022, countries that imported more from Ghana than Bosnia and Herzegovina included United Arab Emirates ($4.72B), Switzerland ($3.37B), and United States ($2.83B).

Difference in imports from Ghana () and Bosnia and Herzegovina () (2022)

Comparative Advantage Bosnia and Herzegovina - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bosnia and Herzegovina had a large net trade with Ghana in the exports of Mineral Products ($2.18M), Transportation ($202k), and Machines ($115k).

During 2017, Ghana had a large net trade with Bosnia and Herzegovina in the exports of Wood Products ($979k), Foodstuffs ($672k), and Animal and Vegetable Bi-Products ($9.75k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bosnia and Herzegovina Ghana+$307kMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Ghana Bosnia and Herzegovina+$146kSawn Wood

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bosnia and Herzegovina () to Ghana () (2022)

Exports from Ghana () to Bosnia and Herzegovina () (2022)

Latest Data

Trade between Bosnia and Herzegovina () and Ghana ()

Bosnia and Herzegovina Exports

Market Competitiveness

Difference in imports from Ghana () and Bosnia and Herzegovina () (2022)

Comparative Advantage Bosnia and Herzegovina - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bosnia and Herzegovina () and Ghana () (2022)

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