Türkiye-Bosnia Herzegovina Bilateral Trade Analysis 2023
Complete trade statistics: $965.95M total volume •Türkiye surplus: $626.26M
Türkiye → Bosnia Herzegovina
$796.10M
Exports (2023)
Bosnia Herzegovina → Türkiye
$169.85M
Imports (2023)
Trade Balance
$626.26M
Surplus for Türkiye
Total Trade
$965.95M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Türkiye and Bosnia Herzegovina. Green line shows exports from Türkiye, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Türkiye-Bosnia Herzegovina commercial relationship and competitive positioning in global markets.
Türkiye → Bosnia Herzegovina Exports
Export Market Intelligence
🎯 Strategic Export Focus
Türkiye's export portfolio to Bosnia Herzegovina demonstrates strategic specialization, with medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale representing a key competitive advantage in this bilateral market.
Bosnia Herzegovina → Türkiye Imports
Import Dependency Profile
📦 Import Strategy Analysis
Türkiye's import pattern from Bosnia Herzegovina reveals significant dependencyin ammunition: cartridges and parts thereof n.e.c. in heading no. 9306, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Türkiye demonstrates competitive strength in exportingmedicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale to Bosnia Herzegovina, 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: Türkiye-Bosnia Herzegovina Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $965.95 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Türkiye maintains a surplus of $626.26 million
- Export Focus: Türkiye's primary exports 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
- Import Dependencies: Key imports from Bosnia Herzegovina 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
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 Türkiye leveraging its comparative advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
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
Türkiye's specialization in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail salecomplements Bosnia Herzegovina's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in ammunition: cartridges and parts thereof n.e.c. in heading no. 9306.
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 medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale and ammunition: cartridges and parts thereof n.e.c. in heading no. 9306 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Türkiye's trade surplus of $626.26 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 Türkiye and Bosnia Herzegovina represents a total trade volume of $965.95 million in 2023. This partnership demonstrates a favorable trade balance for Türkiye, with exports exceeding importsby $626.26 million.
Export Strengths
Türkiye's exports to Bosnia Herzegovina total $796.10 million, with competitive advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, representing $12.11M or1.5% of bilateral exports.
Import Dependencies
Imports from Bosnia Herzegovina amount to $169.85 million, highlighting economic interdependence in ammunition: cartridges and parts thereof n.e.c. in heading no. 9306, with Ammunition: cartridges and parts thereof n.e.c. in heading no. 9306 comprising11.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Türkiye'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 Türkiye and Bosnia Herzegovina in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023