2023
Exports
$21.4MWorld Rnk 49 / 212
Flag Rnk 90 / 1050
2023
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.77Rnk 16 / 1025
2023
Imports
$32.6MWorld Rnk 67 / 223
Flag Rnk 119 / 1175
2023
ECONOMIC COMPLEXITY of Bosnia and Herzegovina
0.7Rnk 37 / 132

About

Exports In 2023, Bosnia and Herzegovina exported $21.4M in Interchangeable Tool Parts, making it the 49th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 90th most exported product in Bosnia and Herzegovina. The main destination of Interchangeable Tool Parts exports from Bosnia and Herzegovina are: Hungary ($3.57M), Austria ($3.37M), Czechia ($3.18M), Serbia ($1.85M), and United States ($1.66M).

The fastest growing export markets for Interchangeable Tool Parts of Bosnia and Herzegovina between 2022 and 2023 were Hungary ($2.59M), Czechia ($585k), and Croatia ($135k).

Imports In 2023, Bosnia and Herzegovina imported $32.6M in Interchangeable Tool Parts, becoming the 67th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 119th most imported product in Bosnia and Herzegovina. Bosnia and Herzegovina imports Interchangeable Tool Parts primarily from: Germany ($5.51M), Italy ($3.48M), Serbia ($3.46M), China ($3.11M), and Hungary ($2.66M).

The fastest growing import markets in Interchangeable Tool Parts for Bosnia and Herzegovina between 2022 and 2023 were Hungary ($1.94M), Netherlands ($1.54M), and Germany ($1.31M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Interchangeable Tool Parts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$21.4M
IMPORTS (2023)$32.6M
NET TRADE (2023)-$11.2M

In 2023, Bosnia and Herzegovina exported $21.4M in Interchangeable Tool Parts. The main destinations of Bosnia and Herzegovina exports on Interchangeable Tool Parts were Hungary ($3.57M), Austria ($3.37M), Czechia ($3.18M), Serbia ($1.85M), and United States ($1.66M).

In 2023, Bosnia and Herzegovina imported $32.6M in Interchangeable Tool Parts, mainly from Germany ($5.51M), Italy ($3.48M), Serbia ($3.46M), China ($3.11M), and Hungary ($2.66M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Bosnia and Herzegovina WERE (2022 - 2023):
Hungary$2.59M (264%)
Czechia$585k (22.5%)
Croatia$135k (63.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Bosnia and Herzegovina WERE (2022 - 2023):
Slovenia-$1.08M (-67.7%)
Italy-$472k (-32.9%)
Colombia-$40.7k (-29.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bosnia and Herzegovina's main exporting competitors in Interchangeable Tool Parts were:
In 2023, Bosnia and Herzegovina's main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.48M
TOP IMPORT POTENTIALChina+ $1.69M

Interchangeable Tool Parts’s highest export potential is Germany. With an export gap of $1.48M.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $1.69M.

See methodology.

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