2023
Exports
$820MWorld Rnk 100 / 219
Flag Rnk 3 / 96
2023
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.38Rnk 423 / 1025
2023
Imports
$2.09BWorld Rnk 99 / 226
Flag Rnk 1 / 96
2023
ECONOMIC COMPLEXITY of Bosnia and Herzegovina
0.7Rnk 37 / 132

About

Exports In 2023, Bosnia and Herzegovina exported $820M in Mineral fuels, mineral oils and products of their distillation, making it the 100th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 3rd most exported product in Bosnia and Herzegovina. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Bosnia and Herzegovina are: Serbia ($453M), Croatia ($267M), Montenegro ($61M), Germany ($15.7M), and Czechia ($7.36M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Bosnia and Herzegovina between 2022 and 2023 were Montenegro ($8.01M), Turkey ($1.87M), and Czechia ($639k).

Imports In 2023, Bosnia and Herzegovina imported $2.09B in Mineral fuels, mineral oils and products of their distillation, becoming the 99th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Bosnia and Herzegovina. Bosnia and Herzegovina imports Mineral fuels, mineral oils and products of their distillation primarily from: Italy ($794M), Croatia ($367M), United States ($293M), Serbia ($235M), and Russia ($107M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Bosnia and Herzegovina between 2022 and 2023 were Italy ($198M), Greece ($10.4M), and China ($8.95M).

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 Mineral fuels, mineral oils and products of their distillation. 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)$820M
IMPORTS (2023)$2.09B
NET TRADE (2023)-$1.27B

In 2023, Bosnia and Herzegovina exported $820M in Mineral fuels, mineral oils and products of their distillation. The main destinations of Bosnia and Herzegovina exports on Mineral fuels, mineral oils and products of their distillation were Serbia ($453M), Croatia ($267M), Montenegro ($61M), Germany ($15.7M), and Czechia ($7.36M).

In 2023, Bosnia and Herzegovina imported $2.09B in Mineral fuels, mineral oils and products of their distillation, mainly from Italy ($794M), Croatia ($367M), United States ($293M), Serbia ($235M), and Russia ($107M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Bosnia and Herzegovina WERE (2022 - 2023):
Montenegro$8.01M (15.1%)
Turkey$1.87M (54.9%)
Czechia$639k (9.52%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Bosnia and Herzegovina WERE (2022 - 2023):
Croatia-$151M (-36.1%)
Serbia-$99.1M (-18%)
Germany-$16.8M (-51.7%)

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 Mineral fuels, mineral oils and products of their distillation were:
In 2023, Bosnia and Herzegovina's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALTurkey+ $3.48M
TOP IMPORT POTENTIALRussia+ $60.4M

Mineral fuels, mineral oils and products of their distillation’s highest export potential is Turkey. With an export gap of $3.48M.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is Russia with an import gap of $60.4M.

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