2023
Exports
$1.97MWorld Rnk 95 / 190
Flag Rnk 301 / 1050
2023
PRODUCT COMPLEXITY IN Packing Bags
-1.73Rnk 976 / 1025
2023
Imports
$5.1MWorld Rnk 117 / 222
Flag Rnk 418 / 1175
2023
ECONOMIC COMPLEXITY of Bosnia and Herzegovina
0.7Rnk 37 / 132

About

Exports In 2023, Bosnia and Herzegovina exported $1.97M in Packing Bags, making it the 95th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 301st most exported product in Bosnia and Herzegovina. The main destination of Packing Bags exports from Bosnia and Herzegovina are: Germany ($1.19M), Serbia ($270k), Slovenia ($262k), United States ($111k), and Italy ($78k).

The fastest growing export markets for Packing Bags of Bosnia and Herzegovina between 2022 and 2023 were Germany ($245k), Serbia ($181k), and Austria ($9.16k).

Imports In 2023, Bosnia and Herzegovina imported $5.1M in Packing Bags, becoming the 117th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 418th most imported product in Bosnia and Herzegovina. Bosnia and Herzegovina imports Packing Bags primarily from: Turkey ($2.34M), Serbia ($1.47M), Slovenia ($335k), India ($294k), and China ($183k).

The fastest growing import markets in Packing Bags for Bosnia and Herzegovina between 2022 and 2023 were China ($129k), Slovenia ($86k), and United States ($33.5k).

Latest Trends

Dec 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 Packing Bags. 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)$1.97M
IMPORTS (2023)$5.1M
NET TRADE (2023)-$3.14M

In 2023, Bosnia and Herzegovina exported $1.97M in Packing Bags. The main destinations of Bosnia and Herzegovina exports on Packing Bags were Germany ($1.19M), Serbia ($270k), Slovenia ($262k), United States ($111k), and Italy ($78k).

In 2023, Bosnia and Herzegovina imported $5.1M in Packing Bags, mainly from Turkey ($2.34M), Serbia ($1.47M), Slovenia ($335k), India ($294k), and China ($183k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Bosnia and Herzegovina WERE (2022 - 2023):
Germany$245k (25.9%)
Serbia$181k (202%)
Austria$9.16k (31.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Bosnia and Herzegovina WERE (2022 - 2023):
United States-$969k (-89.7%)
Ukraine-$48.4k (-100%)
Croatia-$33.5k (-79.6%)

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 Packing Bags were:
China $1.42B
India $1.14B
In 2023, Bosnia and Herzegovina's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $530k
TOP IMPORT POTENTIALIndia+ $435k

Packing Bags’s highest export potential is United States. With an export gap of $530k.   Packing Bags’s highest import potential is India with an import gap of $435k.

See methodology.

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