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2023
Flag → Flag
Exports $10.1MRnk 43 / 159
2023
Flag → Flag
Exports $6.78MRnk 77 / 191
2023
Flag → Flag
Top Product $1.07MBeauty Products
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag  
GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP GROWTH31.5%CURRENT US$
Rnk 111 / 195
2023
Flag
GDP PC $8,639CURRENT US$
Rnk 91 / 195
2013-2023
Flag
GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195
2023
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GDP PC$128,678CURRENT US$
Rnk 2 / 196
2013-2023
Flag
GDP PC GROWTH7.23%CURRENT US$
Rnk 143 / 195

About

Bosnia and Herzegovina-Luxembourg Trade: In 2023, Bosnia and Herzegovina exported $10.1M to Luxembourg. The main products that Bosnia and Herzegovina exported to Luxembourg were N/A. Over the past 5 years the exports of Bosnia and Herzegovina to Luxembourg have decreased at an annualized rate of 25.2%, from $43.1M in 2018 to $10.1M in 2023.

In 2019, Bosnia and Herzegovina exported services to Luxembourg worth $5.37M, with Travel ($4.03M), Personal, cultural, and recreational services ($1.12M), and Transportation ($224k) being the largest in terms of value.

Luxembourg-Bosnia and Herzegovina Trade: In 2023, Luxembourg exported $6.78M to Bosnia and Herzegovina. The main products that Luxembourg exported to Bosnia and Herzegovina were Beauty Products ($1.07M), Rubber Tires ($1M), and Motor vehicles; parts and accessories (8701 to 8705) ($786k). Over the past 5 years the exports of Luxembourg to Bosnia and Herzegovina have increased at an annualized rate of 9.83%,  from $4.24M in 2018 to $6.78M in 2023.

In 2023, Luxembourg 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, Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $10.1M to Luxembourg. There were not main exports from Bosnia and Herzegovina to Luxembourg in 2023. During the last 5 years the exports of Bosnia and Herzegovina to Luxembourg have decreased at an annualized rate of 25.2%, from $43.1M in 2018 to $10.1M in 2023.

In 2018, Luxembourg exported $6.78M to Bosnia and Herzegovina. The main products exported from Luxembourg to Bosnia and Herzegovina were Beauty Products ($1.07M), Rubber Tires ($1M), and Motor vehicles; parts and accessories (8701 to 8705) ($786k). During the last 5 years the exports of Luxembourg to Bosnia and Herzegovina have increased at an annualized rate of 9.83%, from $4.24M in 2023 to $6.78M in 2018.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Luxembourg Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationGermany$1.48B
Luxembourg
Top DestinationGermany$3.42B

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

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

In 2023, countries that imported more from Luxembourg than Bosnia and Herzegovina included France ($2.8B), Germany ($3.42B), and Belgium ($1.59B).

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

Comparative Advantage Bosnia and Herzegovina - Luxembourg

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Luxembourg in the exports of N/A.

During 2018, Luxembourg had a large net trade with Bosnia and Herzegovina in the exports of Chemical Products ($2.43M), Transportation ($1.34M), and Plastics and Rubbers ($1.22M).

Economic Complexity

Competitive Landscape

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

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

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