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Pricing

2022
Flag → Flag
Exports $70.5MRnk 21 / 162
2022
Flag → Flag
Top Product $11.5MRaw Aluminium
2022
Flag → Flag
Exports $134MRnk 102 / 222
2022
Flag → Flag
Top Product $17.6MRaw Zinc
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Bosnia and Herzegovina-Belgium Trade: 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). Over the past 5 years the exports of Bosnia and Herzegovina to Belgium have increased at an annualized rate of 15.7%, from $34M in 2017 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.

Belgium-Bosnia and Herzegovina Trade: In 2022, Belgium exported $134M 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 11.4%,  from $77.8M in 2017 to $134M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Bosnia and Herzegovina to Belgium have increased at an annualized rate of 15.7%, from $34M in 2017 to $70.5M in 2022.

In 2017, 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 5 years the exports of Belgium to Bosnia and Herzegovina have increased at an annualized rate of 11.4%, from $77.8M in 2022 to $134M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Belgium Exports

Market Competitiveness

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

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

In 2022, countries that imported more from Bosnia and Herzegovina than Belgium included Serbia ($1.35B), Croatia ($1.47B), and Montenegro ($306M).

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

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

Comparative Advantage Bosnia and Herzegovina - Belgium

Flow
Scale

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

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).

During 2017, 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).

Potential Exports

Potential Exports

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

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

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

Keep Exploring

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