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Pricing

2023
Flag → Flag
Exports $2.5MRnk 69 / 159
2023
Flag → Flag
Top Product $469kRefined Petroleum
2023
Flag → Flag
Exports $25.7kRnk 64 / 89
2023
Flag → Flag
Top Product $25.7kPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag  
GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP GROWTH-40.2%CURRENT US$
Rnk 194 / 195
2023
Flag
GDP PC $8,639CURRENT US$
Rnk 91 / 195
2013-2023
Flag
GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195
2023
Flag
GDP PC$6,173CURRENT US$
Rnk 112 / 196
2013-2023
Flag
GDP PC GROWTH-48.4%CURRENT US$
Rnk 193 / 195

About

Bosnia and Herzegovina-Libya Trade: In 2023, Bosnia and Herzegovina exported $2.5M to Libya. The main products that Bosnia and Herzegovina exported to Libya were Refined Petroleum ($469k), Baked Goods ($466k), and Packaged Medicaments ($380k). Over the past 5 years the exports of Bosnia and Herzegovina to Libya have decreased at an annualized rate of 15%, from $5.64M in 2018 to $2.5M in 2023.

In 2023, Bosnia and Herzegovina did not export any services to Libya.

Libya-Bosnia and Herzegovina Trade: In 2023, Libya exported $25.7k to Bosnia and Herzegovina. The main products that Libya exported to Bosnia and Herzegovina were Petroleum Gas ($25.7k). Over the past 5 years the exports of Libya to Bosnia and Herzegovina have decreased at an annualized rate of 22.7%,  from $93.1k in 2018 to $25.7k in 2023.

In 2023, Libya did not export any services to Bosnia and Herzegovina.

Comparison: In 2023,  Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B). That same year, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $2.5M to Libya. The main products exported from Bosnia and Herzegovina to Libya were Refined Petroleum ($469k), Baked Goods ($466k), and Packaged Medicaments ($380k). During the last 5 years the exports of Bosnia and Herzegovina to Libya have decreased at an annualized rate of 15%, from $5.64M in 2018 to $2.5M in 2023.

In 2018, Libya exported $25.7k to Bosnia and Herzegovina. The main products exported from Libya to Bosnia and Herzegovina were Petroleum Gas ($25.7k). During the last 5 years the exports of Libya to Bosnia and Herzegovina have decreased at an annualized rate of 22.7%, from $93.1k in 2023 to $25.7k in 2018.

Exports from Bosnia and Herzegovina (Flag) to Libya (Flag) (2023)

Exports from Libya (Flag) to Bosnia and Herzegovina (Flag) (2023)

Latest Data

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

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationGermany$1.48B
Libya
Top DestinationItaly$7.96B

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 2023, countries that imported more from Bosnia and Herzegovina than Libya included Croatia ($1.39B), Serbia ($1.18B), and Slovenia ($825M).

In 2023, countries that imported more from Libya than Bosnia and Herzegovina included Italy ($7.96B), Germany ($5.16B), and Spain ($3.08B).

Difference in imports from Libya (Flag) and Bosnia and Herzegovina (Flag) (2023)

Comparative Advantage Bosnia and Herzegovina - Libya

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Libya in the exports of Foodstuffs ($529k), Mineral Products ($469k), and Chemical Products ($426k).

During 2018, Libya had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($25.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Bosnia and Herzegovina (Flag) and Libya (Flag) (2023)

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