Bosnia and Herzegovina (BIH) and Lithuania (LTU) Trade | The Observatory of Economic Complexity

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Bosnia and Herzegovina-Lithuania Trade: In 2023, Bosnia and Herzegovina exported $32M to Lithuania. The main products that Bosnia and Herzegovina exported to Lithuania were Insulated Wire ($22.5M), Precious Metal Scraps ($3.75M), and Carbonates ($2.23M). Over the past 5 years the exports of Bosnia and Herzegovina to Lithuania have increased at an annualized rate of 18.1%, from $13.9M in 2018 to $32M in 2023.

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 2023, Lithuania exported $11.8M to Bosnia and Herzegovina. The main products that Lithuania exported to Bosnia and Herzegovina were Other Edible Preparations ($816k), Peat ($683k), and Other Plastic Products ($673k). Over the past 5 years the exports of Lithuania to Bosnia and Herzegovina have increased at an annualized rate of 7.46%, from $8.25M in 2018 to $11.8M in 2023.

In 2023, Lithuania 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, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bosnia and Herzegovina exported $32M to Lithuania. The main products exported from Bosnia and Herzegovina to Lithuania were Insulated Wire ($22.5M), Precious Metal Scraps ($3.75M), and Carbonates ($2.23M). During the last 5 years the exports of Bosnia and Herzegovina to Lithuania have increased at an annualized rate of 18.1%, from $13.9M in 2018 to $32M in 2023.

In 2018, Lithuania exported $11.8M to Bosnia and Herzegovina. The main products exported from Lithuania to Bosnia and Herzegovina were Other Edible Preparations ($816k), Peat ($683k), and Other Plastic Products ($673k). During the last 5 years the exports of Lithuania to Bosnia and Herzegovina have increased at an annualized rate of 7.46%, from $8.25M in 2023 to $11.8M in 2018.

Exports from Bosnia and Herzegovina () to Lithuania () (2023)

Exports from Lithuania () to Bosnia and Herzegovina () (2023)

Latest Data

Trade between Bosnia and Herzegovina () and Lithuania ()

Bosnia and Herzegovina Exports

Date

Lithuania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationGermany$1.48B

Lithuania
Top DestinationLatvia$4.44B

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

In 2023, countries that imported more from Lithuania than Bosnia and Herzegovina included Latvia ($4.44B), Poland ($3.37B), and Russia ($2.32B).

Difference in imports from Lithuania () and Bosnia and Herzegovina () (2023)

Comparative Advantage Bosnia and Herzegovina - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bosnia and Herzegovina had a large net trade with Lithuania in the exports of Machines ($22.9M), Precious Metals ($3.75M), and Chemical Products ($2.49M).

During 2018, Lithuania had a large net trade with Bosnia and Herzegovina in the exports of Foodstuffs ($2.33M), Machines ($2.18M), and Mineral Products ($1.31M).

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 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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Bosnia and Herzegovina () to Lithuania () (2023)

Exports from Lithuania () to Bosnia and Herzegovina () (2023)

Latest Data

Trade between Bosnia and Herzegovina () and Lithuania ()

Bosnia and Herzegovina Exports

Lithuania Exports

Market Competitiveness

Difference in imports from Lithuania () and Bosnia and Herzegovina () (2023)

Comparative Advantage Bosnia and Herzegovina - Lithuania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bosnia and Herzegovina () and Lithuania () (2023)

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