Bosnia Herzegovina-Romania Bilateral Trade Analysis 2023
Complete trade statistics: $257.58M total volume •Bosnia Herzegovina deficit: $50.03M
Bosnia Herzegovina → Romania
$103.78M
Exports (2023)
Romania → Bosnia Herzegovina
$153.80M
Imports (2023)
Trade Balance
$50.03M
Deficit for Bosnia Herzegovina
Total Trade
$257.58M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bosnia Herzegovina and Romania. 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-Romania commercial relationship and competitive positioning in global markets.
Bosnia Herzegovina → Romania Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bosnia Herzegovina's export portfolio to Romania demonstrates strategic specialization, with iron or non-alloy steel: bars and rods, hot-rolled, in irregularly wound coils, n.e.c. in heading no. 7213, of circular cross-section measuring less than 14mm in diameter representing a key competitive advantage in this bilateral market.
Romania → Bosnia Herzegovina Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bosnia Herzegovina's import pattern from Romania reveals strategic sourcingin cattle: live, other than pure-bred breeding animals, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Bosnia Herzegovina demonstrates competitive strength in exportingiron or non-alloy steel: bars and rods, hot-rolled, in irregularly wound coils, n.e.c. in heading no. 7213, of circular cross-section measuring less than 14mm in diameter to Romania, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $257.58M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bosnia Herzegovina-Romania Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $257.58 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Bosnia Herzegovina maintains a deficit of $50.03 million
- Export Focus: Bosnia Herzegovina's primary exports include iron or non-alloy steel: bars and rods, hot-rolled, in irregularly wound coils, n.e.c. in heading no. 7213, of circular cross-section measuring less than 14mm in diameter, kraft paper and paperboard: sack kraft paper, uncoated, unbleached, in rolls or sheets, other than that of heading no. 4802 or 4803, iron or non-alloy steel: bars and rods, hot-rolled, in irregularly wound coils, containing indentations, ribs, grooves or other deformations produced during the rolling process
- Import Dependencies: Key imports from Romania include cattle: live, other than pure-bred breeding animals, tobacco: homogenised or reconstituted, vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity not over 1500cc
Strategic Trade Indicators
📈 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 $257.58M 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 iron or non-alloy steel: bars and rods, hot-rolled, in irregularly wound coils, n.e.c. in heading no. 7213, of circular cross-section measuring less than 14mm in diameter.
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
Comparative Advantage
Bosnia Herzegovina's specialization in iron or non-alloy steel: bars and rods, hot-rolled, in irregularly wound coils, n.e.c. in heading no. 7213, of circular cross-section measuring less than 14mm in diametercomplements Romania's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in cattle: live, other than pure-bred breeding animals.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $257.58M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $257.58M 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 $257.58 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in iron or non-alloy steel: bars and rods, hot-rolled, in irregularly wound coils, n.e.c. in heading no. 7213, of circular cross-section measuring less than 14mm in diameter and cattle: live, other than pure-bred breeding animals demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Bosnia Herzegovina's trade deficit of $50.03 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯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 Romania represents a total trade volume of $257.58 million in 2023. This partnership demonstrates an unfavorable trade balance for Bosnia Herzegovina, with imports exceeding exportsby $50.03 million.
Export Strengths
Bosnia Herzegovina's exports to Romania total $103.78 million, with competitive advantages in iron or non-alloy steel: bars and rods, hot-rolled, in irregularly wound coils, n.e.c. in heading no. 7213, of circular cross-section measuring less than 14mm in diameter, representing $12.80M or12.3% of bilateral exports.
Import Dependencies
Imports from Romania amount to $153.80 million, highlighting economic interdependence in cattle: live, other than pure-bred breeding animals, with Cattle: live, other than pure-bred breeding animals comprising4.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Bosnia Herzegovina's strategic sourcing from Romania. 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 Romania in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023