Bosnia - Herzegovina Import Data

Bosnia and Herzegovina's Import/Export Overview and Domestic Market Analysis

Imports & Exports

• Top Trade Partners: Bosnia and Herzegovina's main trading partners include Germany, Serbia, and Croatia, reflecting strong regional ties and European Union influences.

• Top Imports: Leading imports consist of machinery, vehicles, and chemical products, accounting for a significant portion of total imports.

• Top Exports: Exports are dominated by metals, wood, and furniture, which collectively represent a major share of the country's export revenues.

• Trade Balance: The country faces a trade deficit, importing more than it exports, a situation influenced by high demand for technology and industrial goods.

• Policy Snapshot: Trade policies focus on EU integration, with efforts to harmonize regulations and tariffs to facilitate smoother trade within the European market.

Domestic Market

• Consumer Spending: Consumption levels are steady, with increasing spending on technology and services, indicating a growing middle class and evolving consumer preferences.

• Interest Rates & Inflation: Interest rates are low, encouraging borrowing and investment, but inflation poses a challenge, affecting the cost of living and purchasing power.

• Supply Chain Dynamics: Supply chain resilience is improving, with efforts to reduce dependency on foreign goods and enhance local production capabilities.

• Industry Performance: The manufacturing sector shows resilience, particularly in metalworking and wood processing, while the service sector grows, driven by tourism and IT services.

Overall Outlook

Bosnia and Herzegovina's economy is poised for growth, with a focus on strengthening its export base and diversifying its industry. Challenges such as trade deficits and inflation are being addressed through economic reforms and strategic partnerships.