United States (USA) and Bosnia and Herzegovina (BIH) Trade

2022

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Exports $494MRnk 104 / 219

2022

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About

United States-Bosnia and Herzegovina In 2022, United States exported $494M to Bosnia and Herzegovina. The main products that United States exported to Bosnia and Herzegovina are Coal Briquettes ($378M), Cars ($7.81M), and Vaccines, blood, antisera, toxins and cultures ($7.72M). During the last 27 years the exports of United States to Bosnia and Herzegovina have increased at an annualized rate of 11.6%, from $25.5M in 1995 to $494M in 2022.

In 2022, United States did not export any services to Bosnia and Herzegovina.

Bosnia and Herzegovina-United States In 2022, Bosnia and Herzegovina exported $149M to United States. The main products that Bosnia and Herzegovina exported to United States were Explosive Ammunition ($28.8M), Mattresses ($20.7M), and Rubber Footwear ($15.7M). During the last 27 years the exports of Bosnia and Herzegovina to United States have increased at an annualized rate of 15.1%, from $3.33M in 1995 to $149M in 2022.

In 2019, Bosnia and Herzegovina exported services to United States worth $35.7M, with Travel ($32M) and Transportation ($3.69M) being the largest in terms of value.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (34) and MAHLE BEHR AMERICA INC. (7) were at the forefront of exporting goods from Bosnia and Herzegovina to the United States. Conversely, PREVENT INTERIOR D.O.O VISOKO (34) and GUTMANN ALUMINIUM DRAHT GMBH (7) were notable for importing Bosnia and Herzegovina products to the United States.

Latest Trends

February, 2024

About

Overview In February 2024, United States exported $14M and imported $14.9M from Bosnia and Herzegovina, resulting in a negative trade balance of $912k. Between February 2023 and February 2024 the exports of United States have increased by $12.3M (732%) from $1.68M to $14M, while imports increased by $3.97M (36.3%) from $10.9M to $14.9M.

Trade In February 2024, the top exports of United States to Bosnia and Herzegovina were Broadcasting Accessories ($605k), Engine Parts ($129k), Machinery Having Individual Functions ($127k), Computers ($80.2k), and Tractors ($62.5k). In February 2024 the top imports of United States from Bosnia and Herzegovina were Explosive Ammunition ($2.52M), Rubber Footwear ($991k), Other Furniture ($640k), Detonating Fuses ($578k), and Centrifuges ($556k).

Origins In February 2024 the exports of United States were mainly from Virginia ($12M), Georgia ($659k), Florida ($382k), Texas ($224k), and California ($166k), while imports destinations were mainly Tennessee ($2.37M), Virginia ($1.27M), North Carolina ($1.2M), Pennsylvania ($1.16M), and New Jersey ($1.02M).

Growth In February 2024, the increase in United States's year-by-year exports to Bosnia and Herzegovina was explained primarily by an increase in product exports in Computers ($61k or 318%), Tractors ($42k or 205%), and Cars ($17.6k or 53.3%). In February 2024, the increase in United States's year-by-year imports from Bosnia and Herzegovina was explained primarily by an increase in product imports in Textile Footwear ($338k or 248%), Centrifuges ($302k or 119%), and Prepr binder for foundry ($236k or 416%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$12.3M(732%)

IMPORT GROWTH (February 2023 - February 2024)$3.97M(36.3%)

MAIN EXPORTER (February 2024)Virginia$12M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $494M to Bosnia and Herzegovina. The main products exported from United States to Bosnia and Herzegovina were Coal Briquettes ($378M), Cars ($7.81M), and Vaccines, blood, antisera, toxins and cultures ($7.72M). During the last 27 years the exports of United States to Bosnia and Herzegovina have increased at an annualized rate of 11.6%, from $25.5M in 1995 to $494M in 2022.

In 2022, Bosnia and Herzegovina exported $149M to United States. The main products exported from Bosnia and Herzegovina to United States were Explosive Ammunition ($28.8M), Mattresses ($20.7M), and Rubber Footwear ($15.7M). During the last 27 years the exports of Bosnia and Herzegovina to United States have increased at an annualized rate of 15.1%, from $3.33M in 1995 to $149M in 2022.

Exports from United States () to Bosnia and Herzegovina () (2022)

Exports from Bosnia and Herzegovina () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

This map shows whether countries import more from United States or Bosnia and Herzegovina. Each country is colored based on the difference in imports they receive from United States and Bosnia and Herzegovina or the difference in the growth in imports.

In 2021, countries that imported more from United States than Bosnia and Herzegovina were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Bosnia and Herzegovina than United States were Serbia ($1.35B), Montenegro ($306M), and Slovenia ($811M).

Difference in imports from Bosnia and Herzegovina () and United States () (2022)

Comparative Advantage United States - Bosnia and Herzegovina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Bosnia and Herzegovina by product, considering products traded by both, United States and Bosnia and Herzegovina.

During 2022, United States had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($379M), Machines ($28.1M), and Chemical Products ($17.2M).

During 2022, Bosnia and Herzegovina had a large net trade with United States in the exports of Weapons ($34.9M), Miscellaneous ($33.3M), and Footwear and Headwear ($17.4M).

Service Trade

Bilateral Service Trade

Bih Year

In 2019, Bosnia and Herzegovina exported services to United States worth $35.7M, with Travel ($32M) and Transportation ($3.69M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina () to United States () (2019)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United States has comparative advantage over Bosnia and Herzegovina. Similarly, the more yellow a dot/product is, the more Bosnia and Herzegovina has comparative advantage over United States.

Product Space of United States () and Bosnia and Herzegovina () (2022)

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