Bosnia Herzegovina-United Kingdom Bilateral Trade Analysis 2023
Complete trade statistics: $130.97M total volume •Bosnia Herzegovina surplus: $130.97M
Bosnia Herzegovina → United Kingdom
$130.97M
Exports (2023)
United Kingdom → Bosnia Herzegovina
$0
Imports (2023)
Trade Balance
$130.97M
Surplus for Bosnia Herzegovina
Total Trade
$130.97M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bosnia Herzegovina and United Kingdom. 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-United Kingdom commercial relationship and competitive positioning in global markets.
Bosnia Herzegovina → United Kingdom Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bosnia Herzegovina's export portfolio to United Kingdom demonstrates strategic specialization, with footwear: n.e.c. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics representing a key competitive advantage in this bilateral market.
United Kingdom → Bosnia Herzegovina Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bosnia Herzegovina's import pattern from United Kingdom reveals significant dependencyin mechanical shovels, excavators and shovel loaders: with a 360 degree revolving super structure, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Bosnia Herzegovina demonstrates competitive strength in exportingfootwear: n.e.c. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics to United Kingdom, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $130.97M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bosnia Herzegovina-United Kingdom Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $130.97 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Bosnia Herzegovina maintains a surplus of $130.97 million
- Export Focus: Bosnia Herzegovina's primary exports include footwear: n.e.c. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics, medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018, waste and scrap of precious metals: of platinum, including metal clad with platinum but excluding sweepings containing other precious metals
- Import Dependencies: Key imports from United Kingdom include mechanical shovels, excavators and shovel loaders: with a 360 degree revolving super structure, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, mechanical shovels, excavators and shovel loaders: n.e.c. in item no. 8429.50
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 $130.97M 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 footwear: n.e.c. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics.
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 footwear: n.e.c. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plasticscomplements United Kingdom's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in mechanical shovels, excavators and shovel loaders: with a 360 degree revolving super structure.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $130.97M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $130.97M 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 $130.97 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in footwear: n.e.c. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics and mechanical shovels, excavators and shovel loaders: with a 360 degree revolving super structure demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Bosnia Herzegovina's trade surplus of $130.97 million strengthens 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 United Kingdom represents a total trade volume of $130.97 million in 2023. This partnership demonstrates a favorable trade balance for Bosnia Herzegovina, with exports exceeding importsby $130.97 million.
Export Strengths
Bosnia Herzegovina's exports to United Kingdom total $130.97 million, with competitive advantages in footwear: n.e.c. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics, representing $30.86M or23.6% of bilateral exports.
Import Dependencies
Imports from United Kingdom amount to $0.00, highlighting economic interdependence in mechanical shovels, excavators and shovel loaders: with a 360 degree revolving super structure, with Mechanical shovels, excavators and shovel loaders: with a 360 degree revolving super structure comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Bosnia Herzegovina's competitive position in this bilateral relationship. 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 United Kingdom in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023