Bosnia Herzegovina

Bosnia Herzegovina

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Bosnia Herzegovina-Czechia Bilateral Trade Analysis 2023

Complete trade statistics: $426.89M total volume •Bosnia Herzegovina deficit: $130.13M

Bosnia Herzegovina → Czechia

$148.38M

Exports (2023)

Czechia → Bosnia Herzegovina

$278.51M

Imports (2023)

Trade Balance

$130.13M

Deficit for Bosnia Herzegovina

Total Trade

$426.89M

Combined Volume

Trade Flow Visualization

Direct trade relationship between Bosnia Herzegovina and Czechia. Green line shows exports from Bosnia Herzegovina, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Bosnia Herzegovina-Czechia commercial relationship and competitive positioning in global markets.

Bosnia Herzegovina → Czechia Exports

$148.38M
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
18.4% top product
1Seat: parts
$27.24M
18.4% of exports
2Carbonates: disodium carbonate
$9.23M
6.2% of exports
3Vehicle parts and accessories: n.e.c. in heading no. 8708
$7.73M
5.2% of exports
4Tar: distilled from coal, lignite or peat, and other mineral tars, whether or not dehydrated or partially distilled, including reconstituted tars
$7.36M
5.0% of exports
5Firearms: (e.g. spring, air or gas guns and pistols, truncheons), excluding those of heading no. 9307
$7.16M
4.8% of exports

🎯 Strategic Export Focus

Bosnia Herzegovina's export portfolio to Czechia demonstrates strategic specialization, with seat: parts representing a key competitive advantage in this bilateral market.

Czechia → Bosnia Herzegovina Imports

$278.51M
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
15.9% concentration
1Vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc
$44.17M
15.9% of imports
2Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc
$12.56M
4.5% of imports
3Coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated
$10.59M
3.8% of imports
4Wood: coniferous species, of fir (Abies spp.) and spruce (Picea spp.), in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated, of which any cross-sectional dimension is less than 15 cm
$10.24M
3.7% of imports
5Copper: strip, of a thickness exceeding 0.15mm, of copper-zinc base alloys (brass), in coils
$9.83M
3.5% of imports

📦 Import Strategy Analysis

Bosnia Herzegovina's import pattern from Czechia reveals strategic sourcingin vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Bosnia Herzegovina demonstrates competitive strength in exportingseat: parts to Czechia, leveraging comparative advantages.

Export Leader in 5+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $426.89M trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Bosnia Herzegovina-Czechia Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $426.89 millionrepresenting a significant bilateral economic relationship
  • Trade Balance: Bosnia Herzegovina maintains a deficit of $130.13 million
  • Export Focus: Bosnia Herzegovina's primary exports include seat: parts, carbonates: disodium carbonate, vehicle parts and accessories: n.e.c. in heading no. 8708
  • Import Dependencies: Key imports from Czechia include vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc, coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationConcentrated
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $426.89M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with Bosnia Herzegovina leveraging its comparative advantages in seat: parts.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

Bosnia Herzegovina's specialization in seat: partscomplements Czechia's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $426.89M bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyHigh
🔮

Trade Relationship Outlook

The $426.89M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $426.89 million bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in seat: parts and vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Specialized
⚖️

Trade Balance Effects

Bosnia Herzegovina's trade deficit of $130.13 million impacts its overall economic position in this bilateral relationship.

Balance Impact: Import Dependency

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in carbonates: disodium carbonate present expansion opportunities.
Market Diversification
Beyond current focus on vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
Moderate concentration in key sectors requires monitoring
Market Competition
Global competition in seat: parts may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between Bosnia Herzegovina and Czechia represents a total trade volume of $426.89 million in 2023. This partnership demonstrates an unfavorable trade balance for Bosnia Herzegovina, with imports exceeding exportsby $130.13 million.

Export Strengths

Bosnia Herzegovina's exports to Czechia total $148.38 million, with competitive advantages in seat: parts, representing $27.24M or18.4% of bilateral exports.

Import Dependencies

Imports from Czechia amount to $278.51 million, highlighting economic interdependence in vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc, with Vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc comprising15.9% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Bosnia Herzegovina's strategic sourcing from Czechia. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between Bosnia Herzegovina and Czechia in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023