Countries / Territories

Bosnia and Herzegovina

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Country Brief

Bosnia and Herzegovina is a Southeastern European country on the Adriatic Sea that shares borders with Croatia, Montenegro, and Serbia. Exports are comprised of natural resources and low value-added goods including mineral fuels, aluminum, iron and steel, wood, and industrial supplies such as furniture and lighting. While the majority of exports are destined for the European Union, significant trade is performed within the CEFTA region. Energy and high value-added imports meanwhile drive a large trade deficit. Although not yet a member of the WTO, Bosnia and Herzegovina has increased regional integration through its participation in the Central European Free Trade Agreement and an EU Free Trade agreement. Moreover, it is considered a potential candidate for EU accession and has enhancing coordination with Europe through a Stabilization and Association Agreement. Nevertheless, trade development continues to be hindered by low productivity, administrative barriers to trade, and limited access to finance.

Export potential

Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.