2022
Exports
$946kWorld Rnk 63 / 165
Flag Rnk 383 / 1052
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$20.1MWorld Rnk 63 / 211
Flag Rnk 175 / 1170
2022
ECONOMIC COMPLEXITY of Bosnia and Herzegovina
0.67Rnk 39 / 133

About

Exports In 2022, Bosnia and Herzegovina exported $946k in Forging Machines, making it the 63rd largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 383rd most exported product in Bosnia and Herzegovina. The main destination of Forging Machines exports from Bosnia and Herzegovina are: Serbia ($389k), Slovenia ($204k), Croatia ($102k), Germany ($86.8k), and Turkey ($44.4k).

The fastest growing export markets for Forging Machines of Bosnia and Herzegovina between 2021 and 2022 were Slovenia ($195k), Germany ($60.8k), and Turkey ($36k).

Imports In 2022, Bosnia and Herzegovina imported $20.1M in Forging Machines, becoming the 63rd largest importer of Forging Machines in the world. At the same year, Forging Machines was the 175th most imported product in Bosnia and Herzegovina. Bosnia and Herzegovina imports Forging Machines primarily from: Italy ($3.98M), Germany ($3.92M), Turkey ($2.04M), Serbia ($1.83M), and Croatia ($1.54M).

The fastest growing import markets in Forging Machines for Bosnia and Herzegovina between 2021 and 2022 were Italy ($1.7M), Germany ($1.16M), and Serbia ($999k).

Latest Trends

Aug 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 Forging Machines. 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)$946k
IMPORTS (2022)$20.1M
NET TRADE (2022)-$19.2M

In 2022, Bosnia and Herzegovina exported $946k in Forging Machines. The main destinations of Bosnia and Herzegovina exports on Forging Machines were Serbia ($389k), Slovenia ($204k), Croatia ($102k), Germany ($86.8k), and Turkey ($44.4k).

In 2022, Bosnia and Herzegovina imported $20.1M in Forging Machines, mainly from Italy ($3.98M), Germany ($3.92M), Turkey ($2.04M), Serbia ($1.83M), and Croatia ($1.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Bosnia and Herzegovina WERE (2021 - 2022):
Slovenia$195k (2.21k%)
Germany$60.8k (234%)
Turkey$36k (425%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Bosnia and Herzegovina WERE (2021 - 2022):
Italy-$49.6k (-60.9%)
Russia-$20.5k (-100%)
Croatia-$18.1k (-15.1%)

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 Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Bosnia and Herzegovina's main importing competitors in Forging Machines were:

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $123k
TOP IMPORT POTENTIALChina+ $774k

Forging Machines’s highest export potential is Germany. With an export gap of $123k.   Forging Machines’s highest import potential is China with an import gap of $774k.

See methodology.

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