2022
Exports
$402kWorld Rnk 71 / 200
Flag Rnk 85 / 96
2022
PRODUCT COMPLEXITY IN Musical instruments
1.43Rnk 66 / 1025
2022
Imports
$2.68MWorld Rnk 89 / 224
Flag Rnk 86 / 96
2022
ECONOMIC COMPLEXITY of Bosnia and Herzegovina
0.67Rnk 39 / 133

About

Exports In 2022, Bosnia and Herzegovina exported $402k in Musical instruments, making it the 71st largest exporter of Musical instruments in the world. At the same year, Musical instruments was the 85th most exported product in Bosnia and Herzegovina. The main destination of Musical instruments exports from Bosnia and Herzegovina are: Serbia ($71.3k), Croatia ($58.8k), United States ($56.7k), China ($45.5k), and Colombia ($23.5k).

The fastest growing export markets for Musical instruments of Bosnia and Herzegovina between 2021 and 2022 were Serbia ($41k), Colombia ($23.5k), and Hong Kong ($17k).

Imports In 2022, Bosnia and Herzegovina imported $2.68M in Musical instruments, becoming the 89th largest importer of Musical instruments in the world. At the same year, Musical instruments was the 86th most imported product in Bosnia and Herzegovina. Bosnia and Herzegovina imports Musical instruments primarily from: China ($834k), Germany ($410k), Serbia ($309k), Indonesia ($218k), and Croatia ($198k).

The fastest growing import markets in Musical instruments for Bosnia and Herzegovina between 2021 and 2022 were Croatia ($141k), Serbia ($133k), and Germany ($98.8k).

Latest Trends

Jul 2024

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 Musical instruments. 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 (2022)$402k
IMPORTS (2022)$2.68M
NET TRADE (2022)-$2.28M

In 2022, Bosnia and Herzegovina exported $402k in Musical instruments. The main destinations of Bosnia and Herzegovina exports on Musical instruments were Serbia ($71.3k), Croatia ($58.8k), United States ($56.7k), China ($45.5k), and Colombia ($23.5k).

In 2022, Bosnia and Herzegovina imported $2.68M in Musical instruments, mainly from China ($834k), Germany ($410k), Serbia ($309k), Indonesia ($218k), and Croatia ($198k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical instruments EXPORT MARKETS FOR Bosnia and Herzegovina WERE (2021 - 2022):
Serbia$41k (135%)
Colombia$23.5k (1%)
Hong Kong$17k (321%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical instruments BY Bosnia and Herzegovina WERE (2021 - 2022):
United States-$28.3k (-33.3%)
Montenegro-$20.1k (-100%)
Slovenia-$10.4k (-32.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bosnia and Herzegovina's main exporting competitors in Musical instruments were:
China $2.53B
Germany $1.01B
In 2022, Bosnia and Herzegovina's main importing competitors in Musical instruments were:

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Trade Value of Musical instruments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $66.7k
TOP IMPORT POTENTIALChina+ $340k

Musical instruments’s highest export potential is United States. With an export gap of $66.7k.   Musical instruments’s highest import potential is China with an import gap of $340k.

See methodology.

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