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2022
Flag → Flag
Exports $77.8MRnk 102 / 222
2022
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Top Product $17.6MRaw Zinc
2022
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Exports $34MRnk 21 / 162
2022
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Top Product $11.5MRaw Aluminium
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
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 Trade: In 2022, Belgium exported $77.8M to Bosnia and Herzegovina. The main products that Belgium exported to Bosnia and Herzegovina were Raw Zinc ($17.6M), Tractors ($11.7M), and Amino-resins ($10.1M). Over the past 5 years the exports of Belgium to Bosnia and Herzegovina have increased at an annualized rate of 24.7%, from $25.8M in 2017 to $77.8M in 2022.

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

Bosnia and Herzegovina-Belgium Trade: In 2022, Bosnia and Herzegovina exported $34M 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). Over the past 5 years the exports of Bosnia and Herzegovina to Belgium have increased at an annualized rate of 40.2%,  from $6.28M in 2017 to $34M 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 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). 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

March, 2024

About

Overview In March 2024, Belgium exported €7.57M and imported €2.46M from Bosnia and Herzegovina, resulting in a positive trade balance of €5.11M. Between March 2023 and March 2024 the exports of Belgium have increased by €48.9k (0.65%) from €7.52M to €7.57M, while imports decreased by €-67.4k (-2.67%) from €2.53M to €2.46M.

Trade In March 2024, 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 March 2024 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 March 2024, 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 March 2024, 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 (March 2023 - March 2024)€48.9k(0.65%)
IMPORT GROWTH (March 2023 - March 2024)€-67.4k(-2.67%)

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.

For full datasets download visit Bulk Download page.

Explore Bosnia and Herzegovina and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $77.8M 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 5 years the exports of Belgium to Bosnia and Herzegovina have increased at an annualized rate of 24.7%, from $25.8M in 2017 to $77.8M in 2022.

In 2017, Bosnia and Herzegovina exported $34M 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 18 years the exports of Bosnia and Herzegovina to Belgium have increased at an annualized rate of 40.2%, from $6.28M in 1999 to $34M in 2017.

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 2022, countries that imported more from Belgium than Bosnia and Herzegovina included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Bosnia and Herzegovina than Belgium included 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 2017, 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Bosnia and Herzegovina+$7.84MVaccines, blood, antisera, toxins and cultures
Top Product Potential Bosnia and Herzegovina Belgium+$3.75MRaw Aluminium

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

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)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Bosnia and Herzegovina. This means that a dot/product with the flag of Belgium 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 Belgium.

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

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