As a developing economy, Bosnia and Herzegovina heavily relies on imports to meet its domestic needs and support its key industries. The major imports of Bosnia and Herzegovina include mineral fuels and oils, machinery and mechanical appliances, electrical machinery and equipment, vehicles and automotive parts, pharmaceuticals, plastics and plastic articles, iron and steel, organic chemicals, optical, photographic, and medical instruments, and articles of clothing and accessories. The closest trading partners for each category vary, with Germany, Italy, and Serbia emerging as prominent suppliers across multiple sectors. Understanding these import trends and partnerships is crucial for analyzing Bosnia and Herzegovina's economic landscape, identifying areas of collaboration, and formulating effective trade policies.
Mineral Fuels and Oils:
Mineral fuels and oils hold the top position in Bosnia and Herzegovina's imports by volume. With a total import value of approximately $2 billion, Bosnia and Herzegovina relies on these imports to meet its energy needs. The primary trading partners for mineral fuels and oils are Russia, Serbia, and Croatia.
Machinery and Mechanical Appliances:
Imported machinery and mechanical appliances are vital for Bosnia and Herzegovina's industrial and manufacturing sectors. The import volume for this category stands at $1.5 billion. The primary trading partners in this sector are Germany, Italy, and Slovenia.
Electrical Machinery and Equipment:
Bosnia and Herzegovina relies on imports of electrical machinery and equipment to meet its technological needs. The import volume for this category is valued at $1 billion. The primary trading partners in this sector are Germany, Slovenia, and Italy.
Vehicles and Automotive Parts:
Imported vehicles and automotive parts are crucial for transportation and mobility in Bosnia and Herzegovina. The import volume for this category is valued at $900 million. The primary trading partners for vehicle and automotive parts imports are Germany, Serbia, and Italy.
Pharmaceuticals:
Pharmaceutical products are crucial for Bosnia and Herzegovina's healthcare sector. The import volume for this category stands at $800 million. The primary trading partners for pharmaceutical imports are Germany, Switzerland, and Croatia.
Plastics and Plastic Articles:
Bosnia and Herzegovina imports a significant amount of plastics and plastic articles for various sectors, including packaging and manufacturing. This category accounts for an import volume of $700 million. The primary trading partners for plastics and plastic articles are Germany, Italy, and Croatia.
Iron and Steel:
Imported iron and steel are vital for Bosnia and Herzegovina's construction and manufacturing industries. This category's import volume is valued at $600 million. The primary trading partners for iron and steel imports are Germany, Serbia, and Turkey.
Organic Chemicals:
Bosnia and Herzegovina imports a significant volume of organic chemicals for various applications. The import value for this category is approximately $500 million. The primary trading partners for organic chemicals are Germany, Serbia, and Croatia.
Optical, Photographic, and Medical Instruments:
Bosnia and Herzegovina relies on imports of optical, photographic, and medical instruments to support its healthcare and research sectors. The import volume for this category stands at $400 million. The primary suppliers in this sector are Germany, Italy, and Austria.
Articles of Clothing and Accessories:
Bosnia and Herzegovina imports a considerable volume of clothing and apparel to meet its domestic market demands. The import value for this category is approximately $300 million. The primary trading partners for clothing and apparel imports are Turkey, China, and Italy.
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