2022
Flag  
GDP
$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH
42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC 
$7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH
61.8%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186

About

Bosnia and Herzegovina-Canada Trade: In 2022, Bosnia and Herzegovina exported $25.7M to Canada. The main products that Bosnia and Herzegovina exported to Canada were Electric Motors ($5.2M), Hydrogen ($3.91M), and Interchangeable Tool Parts ($2.17M). Over the past 5 years the exports of Bosnia and Herzegovina to Canada have increased at an annualized rate of 7.66%, from $17.8M in 2017 to $25.7M in 2022.

In 2019, Bosnia and Herzegovina exported services to Canada worth $6.94M, with Travel ($6.72M) and Transportation ($224k) being the largest in terms of value.

Canada-Bosnia and Herzegovina Trade: In 2022, Canada exported $9.43M to Bosnia and Herzegovina. The main products that Canada exported to Bosnia and Herzegovina were Dried Legumes ($1.59M), Computers ($650k), and Machinery Having Individual Functions ($532k). Over the past 5 years the exports of Canada to Bosnia and Herzegovina have decreased at an annualized rate of 1.05%,  from $9.95M in 2017 to $9.43M in 2022.

In 2022, Canada 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $25.7M to Canada. The main products exported from Bosnia and Herzegovina to Canada were Electric Motors ($5.2M), Hydrogen ($3.91M), and Interchangeable Tool Parts ($2.17M). During the last 5 years the exports of Bosnia and Herzegovina to Canada have increased at an annualized rate of 7.66%, from $17.8M in 2017 to $25.7M in 2022.

In 2017, Canada exported $9.43M to Bosnia and Herzegovina. The main products exported from Canada to Bosnia and Herzegovina were Dried Legumes ($1.59M), Computers ($650k), and Machinery Having Individual Functions ($532k). During the last 5 years the exports of Canada to Bosnia and Herzegovina have decreased at an annualized rate of 1.05%, from $9.95M in 2022 to $9.43M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Canada Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top Destination
Croatia$1.47B
Canada
Top Destination
United States$438B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Canada included Croatia ($1.47B), Serbia ($1.35B), and Austria ($942M).

In 2022, countries that imported more from Canada than Bosnia and Herzegovina included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Bosnia and Herzegovina - Canada

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Canada in the exports of Machines ($7.42M), Chemical Products ($4.85M), and Miscellaneous ($3.38M).

During 2017, Canada had a large net trade with Bosnia and Herzegovina in the exports of Machines ($3.72M), Vegetable Products ($1.76M), and Transportation ($1.06M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Canada+$1.69MCentrifuges
Top Product Potential Canada Bosnia and Herzegovina+$1.34MCars

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

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

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