2022
Flag  
GDP
$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH
42.4%CURRENT US$
Rnk 81 / 186
2022
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 GDP
$82.3BCURRENT US$
Rnk 71 / 186
2012-2022
Flag
GDP GROWTH
37.6%CURRENT US$
Rnk 87 / 186
2022
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GDP PC 
$7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH
61.8%CURRENT US$
Rnk 25 / 186
2022
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GDP PC
$126,426CURRENT US$
Rnk 1 / 186
2012-2022
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GDP PC GROWTH
12.3%CURRENT US$
Rnk 108 / 186

About

Bosnia and Herzegovina-Luxembourg Trade: In 2022, Bosnia and Herzegovina exported $42.5M to Luxembourg. The main products that Bosnia and Herzegovina exported to Luxembourg were Motor vehicles; parts and accessories (8701 to 8705) ($47.3M), Plastic Building Materials ($1.1M), and Insulated Wire ($1.07M). Over the past 5 years the exports of Bosnia and Herzegovina to Luxembourg have increased at an annualized rate of 285%, from $50.2k in 2017 to $42.5M in 2022.

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 2022, Luxembourg exported $4.12M to Bosnia and Herzegovina. The main products that Luxembourg exported to Bosnia and Herzegovina were Rubber Tires ($957k), Beauty Products ($793k), and Cleaning Products ($512k). Over the past 5 years the exports of Luxembourg to Bosnia and Herzegovina have increased at an annualized rate of 31.4%,  from $1.05M in 2017 to $4.12M in 2022.

In 2022, Luxembourg 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, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $42.5M to Luxembourg. The main products exported from Bosnia and Herzegovina to Luxembourg were Motor vehicles; parts and accessories (8701 to 8705) ($47.3M), Plastic Building Materials ($1.1M), and Insulated Wire ($1.07M). During the last 5 years the exports of Bosnia and Herzegovina to Luxembourg have increased at an annualized rate of 285%, from $50.2k in 2017 to $42.5M in 2022.

In 2017, Luxembourg exported $4.12M to Bosnia and Herzegovina. The main products exported from Luxembourg to Bosnia and Herzegovina were Rubber Tires ($957k), Beauty Products ($793k), and Cleaning Products ($512k). During the last 18 years the exports of Luxembourg to Bosnia and Herzegovina have increased at an annualized rate of 31.4%, from $1.05M in 1999 to $4.12M in 2017.

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

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

Latest Data

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

Bosnia and Herzegovina Exports

Luxembourg Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top Destination
Croatia$1.47B
Luxembourg
Top Destination
Germany$4.15B

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

In 2022, countries that imported more from Luxembourg than Bosnia and Herzegovina included France ($3.07B), Germany ($4.15B), and Belgium ($2.09B).

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

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 2022, Bosnia and Herzegovina had a large net trade with Luxembourg in the exports of Transportation ($47.3M), Miscellaneous ($1.91M), and Plastics and Rubbers ($1.25M).

During 2017, Luxembourg had a large net trade with Bosnia and Herzegovina in the exports of Chemical Products ($1.72M), Plastics and Rubbers ($1.06M), and Machines ($1.01M).

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) (2022)

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