Bosnia and Herzegovina (BIH) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Bosnia and Herzegovina-Libya Trade: In 2022, Bosnia and Herzegovina exported $3.11M to Libya. The main products that Bosnia and Herzegovina exported to Libya were Packaged Medicaments ($841k), Baked Goods ($513k), and Refined Petroleum ($447k). Over the past 5 years the exports of Bosnia and Herzegovina to Libya have increased at an annualized rate of 17.1%, from $1.41M in 2017 to $3.11M in 2022.

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

Libya-Bosnia and Herzegovina Trade: In 2022, Libya exported $313k to Bosnia and Herzegovina. The main products that Libya exported to Bosnia and Herzegovina were N/A. Over the past 5 years the exports of Libya to Bosnia and Herzegovina have increased at an annualized rate of 132%, from $4.61k in 2017 to $313k in 2022.

In 2022, Libya 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, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bosnia and Herzegovina exported $3.11M to Libya. The main products exported from Bosnia and Herzegovina to Libya were Packaged Medicaments ($841k), Baked Goods ($513k), and Refined Petroleum ($447k). During the last 5 years the exports of Bosnia and Herzegovina to Libya have increased at an annualized rate of 17.1%, from $1.41M in 2017 to $3.11M in 2022.

In 2015, Libya exported $313k to Bosnia and Herzegovina. There were not main exports from Libya to Bosnia and Herzegovina in 2015. During the last 5 years the exports of Libya to Bosnia and Herzegovina have increased at an annualized rate of 132%, from $4.61k in 2020 to $313k in 2015.

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

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

Latest Data

Trade between Bosnia and Herzegovina () and Libya ()

Bosnia and Herzegovina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Libya included Croatia ($1.47B), Serbia ($1.35B), and Slovenia ($811M).

In 2022, countries that imported more from Libya than Bosnia and Herzegovina included Italy ($9.26B), Spain ($3.48B), and China ($2.52B).

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

Comparative Advantage Bosnia and Herzegovina - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bosnia and Herzegovina had a large net trade with Libya in the exports of Chemical Products ($938k), Foodstuffs ($593k), and Metals ($523k).

During 2015, Libya had a large net trade with Bosnia and Herzegovina in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bosnia and Herzegovina Libya+$724kRefined Petroleum

Top Product Potential Libya Bosnia and Herzegovina+$3.64kRefined Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Bosnia and Herzegovina () and Libya ()

Bosnia and Herzegovina Exports

Market Competitiveness

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

Comparative Advantage Bosnia and Herzegovina - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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