2023
Exports
$5.16MWorld Rnk 48 / 167
Flag Rnk 210 / 1050
2023
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 45 / 1025
2023
Imports
$16.9MWorld Rnk 65 / 214
Flag Rnk 207 / 1175
2023
ECONOMIC COMPLEXITY of Bosnia and Herzegovina
0.7Rnk 37 / 132

About

Exports In 2023, Bosnia and Herzegovina exported $5.16M in Forging Machines, making it the 48th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 210th most exported product in Bosnia and Herzegovina. The main destination of Forging Machines exports from Bosnia and Herzegovina are: Namibia ($1.3M), Chinese Taipei ($1.15M), Serbia ($926k), Austria ($837k), and Slovenia ($309k).

The fastest growing export markets for Forging Machines of Bosnia and Herzegovina between 2022 and 2023 were Namibia ($1.3M), Chinese Taipei ($1.15M), and Austria ($829k).

Imports In 2023, Bosnia and Herzegovina imported $16.9M in Forging Machines, becoming the 65th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 207th most imported product in Bosnia and Herzegovina. Bosnia and Herzegovina imports Forging Machines primarily from: Italy ($3.57M), Germany ($3.34M), Turkey ($2.26M), Austria ($1.52M), and China ($1.47M).

The fastest growing import markets in Forging Machines for Bosnia and Herzegovina between 2022 and 2023 were Czechia ($695k), China ($622k), and Austria ($606k).

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 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 (2023)$5.16M
IMPORTS (2023)$16.9M
NET TRADE (2023)-$11.7M

In 2023, Bosnia and Herzegovina exported $5.16M in Forging Machines. The main destinations of Bosnia and Herzegovina exports on Forging Machines were Namibia ($1.3M), Chinese Taipei ($1.15M), Serbia ($926k), Austria ($837k), and Slovenia ($309k).

In 2023, Bosnia and Herzegovina imported $16.9M in Forging Machines, mainly from Italy ($3.57M), Germany ($3.34M), Turkey ($2.26M), Austria ($1.52M), and China ($1.47M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Bosnia and Herzegovina WERE (2022 - 2023):
Namibia$1.3M (1%)
Chinese Taipei$1.15M (1%)
Austria$829k (10.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Bosnia and Herzegovina WERE (2022 - 2023):
Germany-$80k (-88.8%)
Slovakia-$21.7k (-100%)
Romania-$12.3k (-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 Forging Machines were:
China $1.99B
Italy $1.4B
Germany $1.17B
In 2023, 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
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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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