Canada (CAN) and Bosnia and Herzegovina (BIH) Trade | The Observatory of Economic Complexity

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Pricing

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 In 2022, Canada exported $9.43M to Bosnia and Herzegovina. The main products that Canada exported to Bosnia and Herzegovina are Dried Legumes ($1.59M), Computers ($650k), and Machinery Having Individual Functions ($532k). During the last 27 years the exports of Canada to Bosnia and Herzegovina have increased at an annualized rate of 15.8%, from $178k in 1995 to $9.43M in 2022.

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

Bosnia and Herzegovina-Canada 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). During the last 27 years the exports of Bosnia and Herzegovina to Canada have increased at an annualized rate of 28.5%, from $29.4k in 1995 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

February, 2024

About

Overview In February 2024, Canada exported C$267k and imported C$2.6M from Bosnia and Herzegovina, resulting in a negative trade balance of C$2.33M. Between February 2023 and February 2024 the exports of Canada have decreased by C$-245k (-47.8%) from C$512k to C$267k, while imports decreased by C$-186k (-6.68%) from C$2.78M to C$2.6M.

Trade In February 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 February 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 February 2024 the exports of Canada were mainly from Ontario (C$96.8k), Alberta (C$92.5k), Quebec (C$73.5k), and British Columbia (C$4.47k), while imports destinations were mainly Quebec (C$1.23M), Ontario (C$768k), Manitoba (C$239k), British Columbia (C$174k), and Saskatchewan (C$160k).

Growth In February 2024, the decrease in Canada's year-by-year exports to Bosnia and Herzegovina was explained primarily by an decrease in product exports in Audio Alarms (C$-67.6k or -69.3%) and Telephones (C$-12.7k or -76.4%). In February 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

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-245k(-47.8%)

IMPORT GROWTH (February 2023 - February 2024)C$-186k(-6.68%)

MAIN EXPORTER (February 2024)OntarioC$96.8k

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 27 years the exports of Canada to Bosnia and Herzegovina have increased at an annualized rate of 15.8%, from $178k in 1995 to $9.43M in 2022.

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 27 years the exports of Bosnia and Herzegovina to Canada have increased at an annualized rate of 28.5%, from $29.4k in 1995 to $25.7M in 2022.

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 2021, countries that imported more from Canada than Bosnia and Herzegovina were United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2021, countries that imported more from Bosnia and Herzegovina than Canada were 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 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).

Service Trade

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)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Canada has comparative advantage over Bosnia and Herzegovina. Similarly, the more yellow a dot/product is, the more Bosnia and Herzegovina has comparative advantage over Canada.

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

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