Luxembourg (LUX) and Bosnia and Herzegovina (BIH) Trade | The Observatory of Economic Complexity

2023

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Exports $6.78MRnk 77 / 191

2023

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About

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.

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 Motor vehicles; parts and accessories (8701 to 8705) ($4.31M), Insulated Wire ($1.77M), and Plastic Building Materials ($735k). 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.

Comparison In 2023, Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index. That same year, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B).

Historical Data

Latest Data

Trade between Luxembourg () and Bosnia and Herzegovina ()

Luxembourg Exports

Date

Bosnia and Herzegovina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Luxembourg
Top DestinationGermany$3.42B

Bosnia and Herzegovina
Top DestinationGermany$1.48B

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

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

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

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

Bilateral Service Trade

Bih Year

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina () to Luxembourg () (2019)

Service Trade

Economic Complexity

Competitive Landscape

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