2023
Exports
$20.3MWorld Rnk 141 / 214
Flag Rnk 95 / 1050
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$1.36BWorld Rnk 95 / 226
Flag Rnk 1 / 1175
2023
ECONOMIC COMPLEXITY of Bosnia and Herzegovina
0.7Rnk 37 / 132

About

Exports In 2023, Bosnia and Herzegovina exported $20.3M in Refined Petroleum, making it the 141st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 95th most exported product in Bosnia and Herzegovina. The main destination of Refined Petroleum exports from Bosnia and Herzegovina are: Serbia ($5.79M), Germany ($2.71M), Croatia ($1.57M), Montenegro ($1.4M), and Sweden ($1.39M).

The fastest growing export markets for Refined Petroleum of Bosnia and Herzegovina between 2022 and 2023 were Turkey ($1.11M), Montenegro ($908k), and France ($541k).

Imports In 2023, Bosnia and Herzegovina imported $1.36B in Refined Petroleum, becoming the 95th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Bosnia and Herzegovina. Bosnia and Herzegovina imports Refined Petroleum primarily from: Italy ($775M), Croatia ($273M), Serbia ($182M), Greece ($57.2M), and Germany ($15.5M).

The fastest growing import markets in Refined Petroleum for Bosnia and Herzegovina between 2022 and 2023 were Italy ($193M), Greece ($4.39M), and Latvia ($3.52M).

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 Refined Petroleum. 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)$20.3M
IMPORTS (2023)$1.36B
NET TRADE (2023)-$1.34B

In 2023, Bosnia and Herzegovina exported $20.3M in Refined Petroleum. The main destinations of Bosnia and Herzegovina exports on Refined Petroleum were Serbia ($5.79M), Germany ($2.71M), Croatia ($1.57M), Montenegro ($1.4M), and Sweden ($1.39M).

In 2023, Bosnia and Herzegovina imported $1.36B in Refined Petroleum, mainly from Italy ($775M), Croatia ($273M), Serbia ($182M), Greece ($57.2M), and Germany ($15.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bosnia and Herzegovina WERE (2022 - 2023):
Turkey$1.11M (671%)
Montenegro$908k (186%)
France$541k (3.55k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bosnia and Herzegovina WERE (2022 - 2023):
Russia-$4.25M (-96.6%)
Senegal-$2.99M (-100%)

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 Refined Petroleum were:
In 2023, Bosnia and Herzegovina's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $6.43M
TOP IMPORT POTENTIALGreece+ $20.9M

Refined Petroleum’s highest export potential is Germany. With an export gap of $6.43M.   Refined Petroleum’s highest import potential is Greece with an import gap of $20.9M.

See methodology.

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