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Pricing

2022
Flag → Flag
Exports $35.2MRnk 29 / 162
2022
Flag → Flag
Top Product $27.7MInsulated Wire
2022
Flag → Flag
Exports $12.3MRnk 101 / 196
2022
Flag → Flag
Top Product $1.46MPlywood
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
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Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
Flag  
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$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
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GDP GROWTH63.8%CURRENT US$
Rnk 38 / 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
2022
Flag
GDP PC$24,827CURRENT US$
Rnk 45 / 186
2012-2022
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GDP PC GROWTH72.8%CURRENT US$
Rnk 17 / 186

About

Bosnia and Herzegovina-Lithuania Trade: In 2022, Bosnia and Herzegovina exported $35.2M to Lithuania. The main products that Bosnia and Herzegovina exported to Lithuania were Insulated Wire ($27.7M), Precious Metal Scraps ($4.22M), and Carbonates ($838k). Over the past 5 years the exports of Bosnia and Herzegovina to Lithuania have increased at an annualized rate of 28.2%, from $10.2M in 2017 to $35.2M in 2022.

In 2019, Bosnia and Herzegovina exported services to Lithuania worth $1.68M, with Travel ($1.23M) and Transportation ($448k) being the largest in terms of value.

Lithuania-Bosnia and Herzegovina Trade: In 2022, Lithuania exported $12.3M to Bosnia and Herzegovina. The main products that Lithuania exported to Bosnia and Herzegovina were Plywood ($1.46M), Other Edible Preparations ($1.3M), and Processed Fish ($881k). Over the past 5 years the exports of Lithuania to Bosnia and Herzegovina have increased at an annualized rate of 15.5%,  from $5.99M in 2017 to $12.3M in 2022.

In 2022, Lithuania 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, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $35.2M to Lithuania. The main products exported from Bosnia and Herzegovina to Lithuania were Insulated Wire ($27.7M), Precious Metal Scraps ($4.22M), and Carbonates ($838k). During the last 5 years the exports of Bosnia and Herzegovina to Lithuania have increased at an annualized rate of 28.2%, from $10.2M in 2017 to $35.2M in 2022.

In 2017, Lithuania exported $12.3M to Bosnia and Herzegovina. The main products exported from Lithuania to Bosnia and Herzegovina were Plywood ($1.46M), Other Edible Preparations ($1.3M), and Processed Fish ($881k). During the last 5 years the exports of Lithuania to Bosnia and Herzegovina have increased at an annualized rate of 15.5%, from $5.99M in 2022 to $12.3M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Lithuania Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Lithuania
Top DestinationLatvia$6.18B

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

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

In 2022, countries that imported more from Lithuania than Bosnia and Herzegovina included Latvia ($6.18B), Poland ($3.91B), and Russia ($2.88B).

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

Comparative Advantage Bosnia and Herzegovina - Lithuania

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Lithuania in the exports of Machines ($27.9M), Precious Metals ($4.22M), and Chemical Products ($941k).

During 2017, Lithuania had a large net trade with Bosnia and Herzegovina in the exports of Foodstuffs ($2.81M), Wood Products ($2.31M), and Machines ($1.69M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Lithuania+$338kSawn Wood
Top Product Potential Lithuania Bosnia and Herzegovina+$562kPackaged Medicaments

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

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

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