Canada (CAN) and Bosnia and Herzegovina (BIH) Trade

2022

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Exports $9.43MRnk 152 / 215

2022

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About

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.

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.

Comparison: In 2022, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

Latest Trends

June, 2024

About

Overview In June 2024, Canada exported C$1.5M and imported C$2.41M from Bosnia and Herzegovina, resulting in a negative trade balance of C$912k. Between June 2023 and June 2024 the exports of Canada have increased by C$1.22M (433%) from C$282k to C$1.5M, while imports decreased by C$-1.42M (-37%) from C$3.83M to C$2.41M.

Trade In June 2024, the top exports of Canada to Bosnia and Herzegovina were Other Processed Fruits and Nuts (C$187k), Motor vehicles; parts and accessories (8701... (C$62.9k), Audio Alarms (C$30k), Cars (C$19.5k), and Laboratory Reagents (C$13k). In June 2024 the top imports of Canada from Bosnia and Herzegovina were Electric Motors (C$1.11M), Leather Footwear (C$297k), Other Furniture (C$203k), Mattresses (C$168k), and Centrifuges (C$154k).

Origins In June 2024 the exports of Canada were mainly from British Columbia (C$804k), Ontario (C$400k), Quebec (C$290k), and Alberta (C$7.47k), while imports destinations were mainly Ontario (C$1.37M), Quebec (C$801k), British Columbia (C$95.3k), Manitoba (C$62.2k), and Alberta (C$51.4k).

Growth In June 2024, the increase in Canada's year-by-year exports to Bosnia and Herzegovina was explained primarily by an increase in product exports in Broadcasting Equipment (C$1.95k or 20.1%) and Low-voltage Protection Equipment (C$398 or 101%). In June 2024, the decrease in Canada's year-by-year imports from Bosnia and Herzegovina was explained primarily by an decrease in product imports in Non-Knit Men's Suits (C$-58.3k or -48.7%), Hair Trimmers (C$-45.9k or -66.4%), and Non-Knit Men's Coats (C$-32.6k or -57.6%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (June 2023 - June 2024)C$1.22M(433%)

IMPORT GROWTH (June 2023 - June 2024)C$-1.42M(-37%)

MAIN EXPORTER (June 2024)British ColumbiaC$804k

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Bosnia and Herzegovina and Canada trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $9.43M in 2022.

In 2017, 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 2022 to $25.7M in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Canada
Top DestinationUnited States$438B

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

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

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

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

Comparative Advantage Canada - Bosnia and Herzegovina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, 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).

During 2017, 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).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Canada Bosnia and Herzegovina+$1.34MCars

Top Product Potential Bosnia and Herzegovina Canada+$1.69MCentrifuges

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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Bilateral Service Trade

Bih Year

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.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina () to Canada () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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

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