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Pricing

2022
Flag → Flag
Exports $134MRnk 102 / 222
2022
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Top Product $17.6MRaw Zinc
2022
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Exports $70.5MRnk 21 / 162
2022
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Top Product $11.5MRaw Aluminium
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI 0.67Rnk 36 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186

About

Belgium-Bosnia and Herzegovina In 2022, Belgium exported $134M to Bosnia and Herzegovina. The main products that Belgium exported to Bosnia and Herzegovina are Raw Zinc ($17.6M), Tractors ($11.7M), and Amino-resins ($10.1M). During the last 23 years the exports of Belgium to Bosnia and Herzegovina have increased at an annualized rate of 7.41%, from $25.8M in 1999 to $134M in 2022.

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

Bosnia and Herzegovina-Belgium In 2022, Bosnia and Herzegovina exported $70.5M to Belgium. The main products that Bosnia and Herzegovina exported to Belgium were Raw Aluminium ($11.5M), Plastic Building Materials ($7.28M), and Sawn Wood ($4.36M). During the last 23 years the exports of Bosnia and Herzegovina to Belgium have increased at an annualized rate of 11.1%, from $6.28M in 1999 to $70.5M in 2022.

In 2019, Bosnia and Herzegovina exported services to Belgium worth $12.5M, with Travel ($7.39M), Transportation ($4.25M), and Communications services ($896k) being the largest in terms of value.

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Bosnia and Herzegovina ranked 36 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €7.28M and imported €1.56M from Bosnia and Herzegovina, resulting in a positive trade balance of €5.72M. Between December 2022 and December 2023 the exports of Belgium have increased by €138k (1.93%) from €7.14M to €7.28M, while imports decreased by €-407k (-20.7%) from €1.97M to €1.56M.

Trade In December 2023, the top exports of Belgium to Bosnia and Herzegovina were Machinery, mechanical appliances, & parts (€1M), Zinc articles (€946k), Plastics & articles thereof (€897k), Meat & edible offal (€455k), and Cars, tractors, trucks & parts thereof. (€349k). In December 2023 the top imports of Belgium from Bosnia and Herzegovina were Iron or steel articles (€717k), Edible fruits, nuts & fruit peels (€369k), Wood, wood articles, & charcoal (€344k), Umbrellas, walking sticks, & whips (€280k), and Furniture, bedding, lamps, & prefab buildings (€247k).

Growth In December 2023, the increase in Belgium's year-by-year exports to Bosnia and Herzegovina was explained primarily by an increase in product exports in Zinc articles (€448k or 90%), Machinery, mechanical appliances, & parts (€315k or 45.7%), and Man-made staple fibres (€193k or 10.8k%). In December 2023, the decrease in Belgium's year-by-year imports  from Bosnia and Herzegovina was explained primarily by an decrease in product imports  in Optical, photo, & film equipment; medical... (€-88.8k or -96.6%), Plastics & articles thereof (€-76.2k or -55.8%), and Toys, games, & sports (€-73.7k or -99.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€138k(1.93%)
IMPORT GROWTH (December 2022 - December 2023)€-407k(-20.7%)

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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $134M to Bosnia and Herzegovina. The main products exported from Belgium to Bosnia and Herzegovina were Raw Zinc ($17.6M), Tractors ($11.7M), and Amino-resins ($10.1M). During the last 23 years the exports of Belgium to Bosnia and Herzegovina have increased at an annualized rate of 7.41%, from $25.8M in 1999 to $134M in 2022.

In 2022, Bosnia and Herzegovina exported $70.5M to Belgium. The main products exported from Bosnia and Herzegovina to Belgium were Raw Aluminium ($11.5M), Plastic Building Materials ($7.28M), and Sawn Wood ($4.36M). During the last 23 years the exports of Bosnia and Herzegovina to Belgium have increased at an annualized rate of 11.1%, from $6.28M in 1999 to $70.5M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2021, countries that imported more from Belgium than Bosnia and Herzegovina were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Bosnia and Herzegovina than Belgium were Serbia ($1.35B), Croatia ($1.47B), and Montenegro ($306M).

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

Comparative Advantage Belgium - Bosnia and Herzegovina

Flow
Scale

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

During 2022, Belgium had a large net trade with Bosnia and Herzegovina in the exports of Metals ($25.2M), Plastics and Rubbers ($25.1M), and Chemical Products ($21.3M).

During 2022, Bosnia and Herzegovina had a large net trade with Belgium in the exports of Metals ($21.7M), Plastics and Rubbers ($10.4M), and Footwear and Headwear ($8.65M).

Service Trade

Bilateral Service Trade

In 2019, Bosnia and Herzegovina exported services to Belgium worth $12.5M, with Travel ($7.39M), Transportation ($4.25M), and Communications services ($896k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina (Flag) to Belgium (Flag) (2019)

Economic Complexity

Competitive Landscape

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 Belgium has comparative advantage over Bosnia and Herzegovina. Similarly, the more yellow a dot/product is, the more Bosnia and Herzegovina has comparative advantage over Belgium.

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

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