2023
Exports
$99.8MWorld Rnk 79 / 225
Flag Rnk 18 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$499MWorld Rnk 89 / 226
Flag Rnk 7 / 96
2023
ECONOMIC COMPLEXITY of Bosnia and Herzegovina
0.7Rnk 37 / 132

About

Exports In 2023, Bosnia and Herzegovina exported $99.8M in Pharmaceutical products, making it the 79th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 18th most exported product in Bosnia and Herzegovina. The main destination of Pharmaceutical products exports from Bosnia and Herzegovina are: Russia ($50M), Serbia ($25.8M), Germany ($2.88M), Ukraine ($2.7M), and Moldova ($2.66M).

The fastest growing export markets for Pharmaceutical products of Bosnia and Herzegovina between 2022 and 2023 were Russia ($14M), Serbia ($5.19M), and Bahrain ($2.1M).

Imports In 2023, Bosnia and Herzegovina imported $499M in Pharmaceutical products, becoming the 89th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 7th most imported product in Bosnia and Herzegovina. Bosnia and Herzegovina imports Pharmaceutical products primarily from: Germany ($103M), Slovenia ($64M), Italy ($33.6M), France ($32.6M), and Serbia ($26.5M).

The fastest growing import markets in Pharmaceutical products for Bosnia and Herzegovina between 2022 and 2023 were Germany ($15.7M), Netherlands ($12.9M), and Slovenia ($5.55M).

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 Pharmaceutical products. 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)$99.8M
IMPORTS (2023)$499M
NET TRADE (2023)-$399M

In 2023, Bosnia and Herzegovina exported $99.8M in Pharmaceutical products. The main destinations of Bosnia and Herzegovina exports on Pharmaceutical products were Russia ($50M), Serbia ($25.8M), Germany ($2.88M), Ukraine ($2.7M), and Moldova ($2.66M).

In 2023, Bosnia and Herzegovina imported $499M in Pharmaceutical products, mainly from Germany ($103M), Slovenia ($64M), Italy ($33.6M), France ($32.6M), and Serbia ($26.5M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Bosnia and Herzegovina WERE (2022 - 2023):
Russia$14M (38.7%)
Serbia$5.19M (25.2%)
Bahrain$2.1M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Bosnia and Herzegovina WERE (2022 - 2023):
United Kingdom-$1.89M (-99.3%)
Libya-$460k (-54.8%)
Spain-$145k (-20.9%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Bosnia and Herzegovina's main exporting competitors in Pharmaceutical products were:
In 2023, Bosnia and Herzegovina's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $6.65M
TOP IMPORT POTENTIALGermany+ $33.8M

Pharmaceutical products’s highest export potential is Russia. With an export gap of $6.65M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $33.8M.

See methodology.

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