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Pricing

2023
Flag → Flag
Exports $528kRnk 97 / 159
2023
Flag → Flag
Top Product $176kMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $1.45MRnk 93 / 172
2023
Flag → Flag
Top Product $971kSawn Wood
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.97Rnk 109 / 132
2023
Flag  
GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP$76.4BCURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP GROWTH21.6%CURRENT US$
Rnk 135 / 195
2023
Flag
GDP PC $8,639CURRENT US$
Rnk 91 / 195
2013-2023
Flag
GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195
2023
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GDP PC$2,260CURRENT US$
Rnk 152 / 196
2013-2023
Flag
GDP PC GROWTH-1.47%CURRENT US$
Rnk 154 / 195

About

Bosnia and Herzegovina-Ghana Trade: In 2023, Bosnia and Herzegovina exported $528k to Ghana. The main products that Bosnia and Herzegovina exported to Ghana were Motor vehicles; parts and accessories (8701 to 8705) ($176k), Quicklime ($92.1k), and Combustion Engines ($44.9k). Over the past 5 years the exports of Bosnia and Herzegovina to Ghana have increased at an annualized rate of 16.3%, from $248k in 2018 to $528k in 2023.

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

Ghana-Bosnia and Herzegovina Trade: In 2023, Ghana exported $1.45M to Bosnia and Herzegovina. The main products that Ghana exported to Bosnia and Herzegovina were Sawn Wood ($971k), Coconuts, Brazil Nuts, and Cashews ($377k), and Scrap Iron ($54.8k). Over the past 5 years the exports of Ghana to Bosnia and Herzegovina have decreased at an annualized rate of 4.85%,  from $1.86M in 2018 to $1.45M in 2023.

In 2023, Ghana 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, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $528k to Ghana. The main products exported from Bosnia and Herzegovina to Ghana were Motor vehicles; parts and accessories (8701 to 8705) ($176k), Quicklime ($92.1k), and Combustion Engines ($44.9k). During the last 5 years the exports of Bosnia and Herzegovina to Ghana have increased at an annualized rate of 16.3%, from $248k in 2018 to $528k in 2023.

In 2018, Ghana exported $1.45M to Bosnia and Herzegovina. The main products exported from Ghana to Bosnia and Herzegovina were Sawn Wood ($971k), Coconuts, Brazil Nuts, and Cashews ($377k), and Scrap Iron ($54.8k). During the last 5 years the exports of Ghana to Bosnia and Herzegovina have decreased at an annualized rate of 4.85%, from $1.86M in 2023 to $1.45M in 2018.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationGermany$1.48B
Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Ghana than Bosnia and Herzegovina included Switzerland ($6.49B), United Arab Emirates ($4.93B), and India ($2.26B).

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

Comparative Advantage Bosnia and Herzegovina - Ghana

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Ghana in the exports of Transportation ($195k), Mineral Products ($136k), and Machines ($102k).

During 2018, Ghana had a large net trade with Bosnia and Herzegovina in the exports of Wood Products ($997k), Vegetable Products ($377k), and Metals ($54.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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