2023
Exports
$21.2MWorld Rnk 80 / 218
Flag Rnk 45 / 96
2023
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes
1.13Rnk 132 / 1025
2023
Imports
$117MWorld Rnk 84 / 226
Flag Rnk 33 / 96
2023
ECONOMIC COMPLEXITY of Bosnia and Herzegovina
0.7Rnk 37 / 132

About

Exports In 2023, Bosnia and Herzegovina exported $21.2M in Paints, dyes, & varnishes, making it the 80th largest exporter of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 45th most exported product in Bosnia and Herzegovina. The main destination of Paints, dyes, & varnishes exports from Bosnia and Herzegovina are: Croatia ($8.62M), Montenegro ($3.27M), Italy ($3.24M), Norway ($3.12M), and Slovenia ($1.1M).

The fastest growing export markets for Paints, dyes, & varnishes of Bosnia and Herzegovina between 2022 and 2023 were Croatia ($3.57M), Montenegro ($698k), and Sweden ($457k).

Imports In 2023, Bosnia and Herzegovina imported $117M in Paints, dyes, & varnishes, becoming the 84th largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 33rd most imported product in Bosnia and Herzegovina. Bosnia and Herzegovina imports Paints, dyes, & varnishes primarily from: Serbia ($34.1M), Germany ($14.9M), Slovenia ($14.7M), Italy ($14.7M), and Croatia ($9.29M).

The fastest growing import markets in Paints, dyes, & varnishes for Bosnia and Herzegovina between 2022 and 2023 were Serbia ($3.69M), Italy ($1.05M), and Germany ($958k).

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 Paints, dyes, & varnishes. 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)$21.2M
IMPORTS (2023)$117M
NET TRADE (2023)-$96.2M

In 2023, Bosnia and Herzegovina exported $21.2M in Paints, dyes, & varnishes. The main destinations of Bosnia and Herzegovina exports on Paints, dyes, & varnishes were Croatia ($8.62M), Montenegro ($3.27M), Italy ($3.24M), Norway ($3.12M), and Slovenia ($1.1M).

In 2023, Bosnia and Herzegovina imported $117M in Paints, dyes, & varnishes, mainly from Serbia ($34.1M), Germany ($14.9M), Slovenia ($14.7M), Italy ($14.7M), and Croatia ($9.29M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR Bosnia and Herzegovina WERE (2022 - 2023):
Croatia$3.57M (70.7%)
Montenegro$698k (27.2%)
Sweden$457k (164%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY Bosnia and Herzegovina WERE (2022 - 2023):
Norway-$199k (-6%)
Luxembourg-$65.7k (-46.7%)
Germany-$60.1k (-25.4%)

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 Paints, dyes, & varnishes were:
In 2023, Bosnia and Herzegovina's main importing competitors in Paints, dyes, & varnishes were:

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Trade Value of Paints, dyes, & varnishes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $734k
TOP IMPORT POTENTIALGermany+ $5.11M

Paints, dyes, & varnishes’s highest export potential is Italy. With an export gap of $734k.   Paints, dyes, & varnishes’s highest import potential is Germany with an import gap of $5.11M.

See methodology.

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