Bosnia Herzegovina-Türkiye Bilateral Trade Analysis 2023
Complete trade statistics: $965.95M total volume •Bosnia Herzegovina deficit: $626.26M
Bosnia Herzegovina → Türkiye
$169.85M
Exports (2023)
Türkiye → Bosnia Herzegovina
$796.10M
Imports (2023)
Trade Balance
$626.26M
Deficit for Bosnia Herzegovina
Total Trade
$965.95M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bosnia Herzegovina and Türkiye. 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-Türkiye commercial relationship and competitive positioning in global markets.
Bosnia Herzegovina → Türkiye Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bosnia Herzegovina's export portfolio to Türkiye demonstrates strategic specialization, with ammunition: cartridges and parts thereof n.e.c. in heading no. 9306 representing a key competitive advantage in this bilateral market.
Türkiye → Bosnia Herzegovina Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bosnia Herzegovina's import pattern from Türkiye reveals significant dependencyin medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Bosnia Herzegovina demonstrates competitive strength in exportingammunition: cartridges and parts thereof n.e.c. in heading no. 9306 to Türkiye, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $965.95M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bosnia Herzegovina-Türkiye Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $965.95 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Bosnia Herzegovina maintains a deficit of $626.26 million
- Export Focus: Bosnia Herzegovina's primary exports include ammunition: cartridges and parts thereof n.e.c. in heading no. 9306, kraft paper and paperboard: sack kraft paper, uncoated, unbleached, in rolls or sheets, other than that of heading no. 4802 or 4803, aluminium hydroxide
- Import Dependencies: Key imports from Türkiye include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, aluminium: alloys, bars, rods and profiles, other than hollow, carpets and other textile floor coverings: woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.c. in item no. 5702.10 or 5702.20
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 $965.95M 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 ammunition: cartridges and parts thereof n.e.c. in heading no. 9306.
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 ammunition: cartridges and parts thereof n.e.c. in heading no. 9306complements Türkiye's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $965.95M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $965.95M 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 $965.95 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in ammunition: cartridges and parts thereof n.e.c. in heading no. 9306 and medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Bosnia Herzegovina's trade deficit of $626.26 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 Türkiye represents a total trade volume of $965.95 million in 2023. This partnership demonstrates an unfavorable trade balance for Bosnia Herzegovina, with imports exceeding exportsby $626.26 million.
Export Strengths
Bosnia Herzegovina's exports to Türkiye total $169.85 million, with competitive advantages in ammunition: cartridges and parts thereof n.e.c. in heading no. 9306, representing $19.38M or11.4% of bilateral exports.
Import Dependencies
Imports from Türkiye amount to $796.10 million, highlighting economic interdependence in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, with Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale comprising1.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Bosnia Herzegovina's strategic sourcing from Türkiye. 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 Türkiye in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023