Bosnia and Herzegovina's export market encompasses a diverse range of industries, contributing significantly to the country's economic growth. The top 10 exports, ranked by volume, include motor vehicles and parts, iron and steel, wood and wood products, machinery and equipment, clothing and textiles, rubber and plastics, nonferrous metals, electrical machinery and appliances, pharmaceuticals, and furniture. These exports have a combined value of several billion dollars and are traded with various countries.
Motor Vehicles and Parts
Bosnia and Herzegovina have a thriving automotive industry, which constitutes a significant portion of its exports. The country exports motor vehicles, including passenger cars and commercial vehicles, along with parts and accessories. The value of these exports reached approximately $1.2 billion in 2022, with Germany, Serbia, and Croatia being the primary trading partners.
Iron and Steel
The iron and steel industry is a vital export sector for Bosnia and Herzegovina. The country produces and exports various iron and steel products, including bars, rods, and coils. In 2022, the export value of iron and steel amounted to around $950 million. Major trading partners for this sector include Germany, Italy, and Slovenia.
Wood and Wood Products
Bosnia and Herzegovina possess abundant forests, making the wood and wood products industry a significant contributor to the country's exports. This sector encompasses the export of timber, wooden furniture, and wood-based panels. In 2022, the export value of wood and wood products surpassed $900 million. Bosnia and Herzegovina's primary trading partners in this sector are Croatia, Serbia, and Germany.
Machinery and Equipment
The machinery and equipment sector is a prominent exporter in Bosnia and Herzegovina. The country manufactures and exports various machinery and equipment, such as pumps, engines, and machinery parts. In 2022, the export value of this sector amounted to approximately $850 million. Germany, Croatia, and Italy are the closest trading partners for machinery and equipment.
Clothing and Textiles
Bosnia and Herzegovina has a well-established textile and clothing industry, making it a significant contributor to the country's exports. The sector encompasses the export of garments, textiles, and clothing accessories. In 2022, the export value of clothing and textiles exceeded $800 million. The closest trading partners in this sector include Germany, Croatia, and Slovenia.
Rubber and Plastics
Bosnia and Herzegovina's rubber and plastics industry plays a crucial role in the country's export market. The sector exports rubber products, plastic goods, and plastic packaging materials. In 2022, the export value of this sector was approximately $650 million. Germany, Slovenia, and Croatia are the major trading partners for rubber and plastics.
The nonferrous metals industry in Bosnia and Herzegovina comprises the production and export of metals such as aluminum, lead, and zinc. In 2022, the export value of nonferrous metals reached around $550 million. The primary trading partners for this sector include Italy, Germany, and Croatia.
Electrical Machinery and Appliances
Bosnia and Herzegovina exports various electrical machinery and appliances, including electrical motors, transformers, and lighting fixtures. The export value of this sector in 2022 was approximately $500 million. Germany, Croatia, and Slovenia are the closest trading partners in this sector.
The pharmaceutical industry in Bosnia and Herzegovina has experienced substantial growth in recent years. The country exports various pharmaceutical products, including medicines, vaccines, and medical supplies. In 2022, the export value of this sector exceeded $450 million. The primary trading partners for pharmaceuticals are Germany, and Croatia.
The furniture industry is a significant contributor to Bosnia and Herzegovina's exports. The country produces and exports a wide range of furniture, including wooden furniture, upholstered furniture, and office furniture. In 2022, the export value of furniture amounted to approximately $400 million. The closest trading partners in this sector include Germany, Croatia, and Serbia.